Financial results of Ashfaq Textile Mills Limited for period ended June 30, 2016

Karachi, Ashfaq Textile Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Faisalabad on September 30, 2016.

The agenda of the meeting was discussion of profit and loss account for the year ended June 30, 2016 which portrayed a profit of Rs. 3,120,057 with earnings per share 0.09 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from October 24, 2016 to October 31, 2016 (both days inclusive).

Ashfaq Textile Mills Limited is a company incorporated in Pakistan on January 14, 1988 as a private limited company. It was then subsequently converted into a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The core business activities of the company are manufacturing and sale of textiles and rendering of sizing and conversion services. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office and mills of the company is located in Faisalabad.

The symbol “ASHT” is being used by the stock exchange for the shares of Ashfaq Textile Mills Limited.