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Karachi, Nadeem Textile Mills Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on February 27, 2023 at Karachi. 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 21, 2023 to February 27, 2023.
Nadeem Textile Mills Limited was incorporated in Pakistan as public limited company on July 15, 1984. The main business of the Company is manufacture and sale of yarn.
The group is equipped with a total of 72,192 spindles and has established its own power generation plant. The plant provides stable electric power supply to the mill. In addition to selling its yarn locally, the company regularly supplies its yarns to Far East Asia, Europe, Turkey, South East Asia and South Asia markets.
The total numbers of shares are 21,511,985. The Earnings per share is 0.91 in 2020 which was 10.42 in 2019. The Profit after Taxation is 17,545,000 in 2020 which was 200,160,000 in 2019.