Financial results of Brothers Textile Mills Limited for period ended March 31, 2016

Karachi, Brothers Textile Mills Limited informed Pakistan Stock Exchange about recommendations made by the board of directors in the meeting.

The agenda of the meeting was discussion of profit and loss account for nine months period and quarter ended March 31, 2016 which portrayed a loss of Rs. 24,007 and Rs. 6,987,616 with loss per share 1.82 and 0.65 basic and diluted respectively.

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

Brothers Textile Mills Limited was incorporated on November 2, 1986 as a Public Limited Company under the Companies Ordinance, 1984. The company is also listed on the Pakistan Stock Exchange. Mills is located at 48-KM Lahore-Multan Road, Bhai Pheru, Tehsil Pattoki, and District Kasur. The number of Spindles installed is 17,280 on 36 Ring Frames. The company started its commercial production w.e.f. 01.04.1988. It is principally engaged in the manufacturing of quality carded cotton yarn and PC yarn of 10/1 to 40/1 counts. Its annual rated capacity is 5.291 Million Kgs. of 20/1 count (cotton yarn).

The symbol “BROT” is being used by the stock exchange for Brothers Textile Mills Limited.