Board Meeting

The Meeting of the Board of Directors of the Company was held on Thursday 19th April 2018 at 11:00 a.m. at its registered office to approve Un-Audited Statements of Accounts of the Company for the 3rd Quarter and nine months period ended March 31, 2018.

During the period under report, there was increase in the prices of raw material i.e. Cotton and Polyester Fibre without proportional increase in prices of Yarn. The prices of Polyester Fibre and Cotton went up following the devaluation of Pakistani rupee against international currencies. Under these circumstances, the Company earned Pre-Tax Profit of Rs.9,354,765/- for the 3rd Quarter ending on March 31, 2018 which after providing the tax liability amounted to Rs.2,964,905/- and for the Nine Months period ending March 31, 2018 the Pre-Tax Profit was Rs.17,404,199/- which after providing the tax liability amounted to Rs.4,287,452/-.

Your Directors are hopeful of better performance by the Company in the remaining period of the current financial year to end on June 30, 2018.