Financial results of Husein Industries Limited for period ended March 31, 2016

Karachi, Husein Industries Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on May 31, 2016.

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. 139,441 and Rs. 45,065 with loss per share 13.12 and 4.24 basic and diluted respectively.

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

Husein Industries Limited was incorporated in 1951 as a manufacturer and exporter of textile products. The company’s manufacturing activities includes spinning, weaving and processing of home textile and apparel. The products of the company range from bedding, curtains, cushions, blankets and other apparels. The registered office of the company is located in Karachi.

The symbol “HUSI” is being used by the stock exchange for the shares of Husein Industries Limited.