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Board of directors meeting of Colony Mills Limited

Karachi, Colony Mills Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on March 01, 2023 at Lahore. The agenda of the meeting will to consider the Quarterly Accounts for the period ended December 31, 2022.

Further, the company has declared the closed period from February 22, 2023 to March 01, 2023.

Colony Mills Limited is a Public Limited company incorporated in Pakistan on September 21, 2005. The principal business of the company is manufacturing and sale of yarn. The company is also certified as Quality Management System ISO 9001:2008. It has a parent company named as Cotton Textile Mills Limited.

Colony Textile Mills Limited was the principal company established as a textile manufacturing unit in 1946 which was later merged with and into Colony Mills Limited in 2006. They are in production, manufacturing and sale of different types of yarns of various counts.

The total shares of the Company introduced are 498,010,000. The Earnings per share has decreased in 2020 and is (0.75) which was 2.88 in 2019. Their Profit after Taxation is (375,062,000) in 2020 which was 1,435,785,000 in 2019.

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