Financial results of Khurshid Spinning Mills Limited for period ended March 31, 2016

Karachi, Khurshid Spinning Mills Limited informed Pakistan Stock Exchange about recommendations made by the board of directors in the meeting held at Faisalabad on April 29, 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. 13,730 and Rs. 4,423 with loss per share 1.04 and 0.34 basic and diluted respectively.

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

Khurshid Spinning Mills Limited is a company incorporated in Pakistan. The registered office of the company is located in Lahore. The company is engaged in manufacture and sale of knitting and weaving yarn. The shares of the company are quoted on Karachi Stock Exchange of Pakistan.

The production of the company is ISO 9002 certified. The production capacity of the plant is 450,000 Kilograms of yarn.

The symbol “KHSM” is being used by the stock exchange for the shares of Khurshid Spinning Mills Limited.