Financial results of Artistic Denim Mills Limited for period ended June 30, 2016

Karachi, Artistic Denim Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on September 19, 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. 377,999 with earnings per share 4.50 basic and diluted respectively.

Further, 2 per share i.e. 20% payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from October 14, 2016 to October 22, 2016 (both days inclusive).

Artistic Denim Mills Limited is a company incorporated in Pakistan on May 18, 1992. It is a public limited company which started its production in 1993. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activity of the company is to manufacture and sell rope dyed denim fabric, yarn and value added textile products. The stocks of the company are quoted on the Karachi stock Exchange of Pakistan. The registered office of the company is located in Karachi.

The company is a complete vertical unit converting cotton to finished garments. The company is equipped with rope dyeing machines with a capacity of 140,000 meters.

The symbol “ADMM” is being used by the stock exchanges for the shares of Artistic Denim Mills Limited.