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Karachi, Jubilee Spinning and Weaving Mills Limited has informed the Pakistan Stock Exchange that a board of directors meeting will be held on April 27, 2023, to consider the quarterly accounts for the period ended March 31, 2023. The meeting will be held in Karachi, the company’s base of operations.
The company has also declared a closed period from April 19, 2023, to April 27, 2023. During this period, insiders and key stakeholders will not be able to trade shares in the company, ensuring that there is no untoward movement in the stock price ahead of the important board meeting.
Jubilee Spinning & Weaving Mills Limited was incorporated in Pakistan as a public limited company on 12 December 1973. The Company obtained certificate of commencement of business in January 1974. The principal objective of the Company is to engage in the business of manufacturing and selling of yarn, buying, selling and otherwise dealing in yarn and raw cotton. The Company also operates electric power generation facilities which generate electricity for use within the production site.
Shares of the Company are listed on all stock exchanges of Pakistan. Its registered office is situated in Lahore and the production facilities are located at Karachi.
The total number of shares are 32,491,205. The Earnings per shares of the company is 1.35 in 2022 which was 0.16 in 2021. The Profit After Taxation in 2022 is 43,985 which was 5,177 in 2021.