Financial results of Bilal Fibres Limited for period ended June 30, 2016

Karachi, Bilal Fibres Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on October 07, 2016.

The agenda of the meeting was discussion of profit and loss account for the year ended June 30, 2016 which portrayed a loss of Rs. 152,123,034 with loss per share 10.79 basic and diluted respectively.

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

Furthermore, the share transfer books of the company will remain closed from October 24, 2016 to October 31, 2016 (both days inclusive).

Bilal Fibres Limited is a company incorporated in Pakistan on April 13, 1987. The foundations of the company are laid under the Companies Ordinance, 1984. The principal business of the company is manufacturing and sale of yarn. The manufacturing unit of the company is located in Faisalabad. It is listed on Karachi, Islamabad and Lahore Stock Exchanges of Pakistan. The registered office is situated at Lahore.

The symbol “BILF” is being used by the stock exchange for the shares of Bilal Fibres Limited.