Financial results of Azgard Nine Limited for period ended September 30, 2015

Karachi: Azgard Nine Limited informed Karachi Stock Exchange about recommendations made by the board of directors in the meeting held at Lahore on October 31, 2015.

The agenda of the meeting was discussion of un-audited interim profit and loss account for the Quarter ended September 30, 2015 which portrayed a loss of Rs. 276,354,691 and loss per share 0.61 basic and diluted.

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

Azgard Nine Limited was incorporated in Pakistan as a public limited company. It is a spinning, weaving, dyeing and stitching unit engaged in the manufacturing of yarn, denim and denim related products. The company has three production units with Unit I located at 2.5 K.M off Manga, Raiwand Road, District Kasur, Unit II at Alipur Road, Muzaffargarh and Unit III at 20 K.M off Ferozpur Road, 6 K.M Bandian Road on Ruhi Nala, Der Khud Lahore. The registered office of the company is situated Lahore. It is listed on Karachi Stock Exchange.

The symbol “ANL” is being used by the stock exchanges for the shares of Azgard Nine Limited