Board Meeting

The Meeting of the Board of Directors of the Company was held on Wednesday 27th April 2022 at 11:30 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, 2022.

During the period under report, the operational activity of the Company was satisfactory. Both the units of the Company were operated at optimal levels quantitatively as well as qualitatively. The rising trend continued in the market prices for both raw materials as well as yarn due to the international market conditions. During this season, the prices of cotton reached highest ever in the history of country. However, the increase in prices of yarn did not fully correspond to the hike in prices of raw materials. Less production of cotton and the continuous increasing value of US Dollar contributed to continuous rise in prices of cotton and resultant hike in prices of man-made fibers as well. However, during the period, the Company performed fairly well financially. The comparative financial results are tabled as under:

The management of the Company hope that by the grace of Almighty Allah, the Company will achieve even better financial results in the remaining period of the current financial year to end on June 30, 2022.