Board of directors meeting of Mitchell’s Fruit Farms Limited

Karachi, Mitchell’s Fruit Farms Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on December 29, 2022 at Lahore. The agenda of the meeting will to consider the Quarterly Accounts for the period ended September 30, 2022.

Further, the company has declared the closed period from December 23, 2022 to December 29, 2022.

Mitchell’s Fruit Farms Limited was incorporated in Pakistan. It is principally engaged in the manufacture and sale of various farm and confectionery products. The Company was incorporated in 1933 and given the name Indian Mildura Fruit Farms Ltd, a small-scale operation for the processing of citrus fruit into concentrated soft drinks (squashes) and preserves.

After independence, in1948, the company’s name was changed from Indian Mildura Fruit Farms to Mitchell’s Fruit Farms Ltd and the brand name “MITCHELL’S” became the exclusive property of the Pakistani company.

The total number of shares of the Company is 22,875,000. The Earnings per shares of the Company is (7.04) in 2020 which was (10.16) in 2019. The Company had a loss of Rs. 55,445,000 in 2020 which was 80,006,000 in 2019.