Financial results of Kohinoor Textile Mills Limited for period ended June 30, 2016

Karachi, Kohinoor Textile Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on September 05, 2016.

The agenda of the meeting was discussion of audited unconsolidated profit and loss account for year ended June 30, 2016 which portrayed a profit of Rs. 2,132,215 with earnings per share 7.55 basic and diluted respectively and audited consolidated profit and loss account for year ended June 30, 2016 which portrayed a profit of Rs. 6,677,452 with earnings per share 15.29 basic and diluted respectively.

Further, 30% payment of cash dividend, bonus shares and right shares was agreed and addition to interim Dividend already paid ar Rs. 1.50 per share i.e. 15%.

Furthermore, the share transfer books of the company will be closed from October 10, 2016 to October 31, 2016 (both days inclusive).

Kohinoor Textile Mills Limited is a Pakistan-based textile company. The Company operates through three segments: spinning, weaving, and processing and home textile. The Company’s spinning segment produces yarn using natural and artificial fibers. Its weaving segment is engaged in producing greige fabric using yarn. Its processing and home textile segment is engaged in processing greige fabric for production of printed and dyed fabric, and manufacturing of home textile articles. The Company owns production facilities at Rawalpindi, District Kasur and Gujar Khan. The Company’s production facilities include approximately 156,528 ring spindles capable of spinning a range of counts using cotton and man-made fibers. The Company’s stitching facilities produce a range of home textiles for the export market. The Company is engaged in the dyeing and printing fabrics for the home textile market. The Company’s subsidiaries are Maple Leaf Cement Factory Limited and Maple Leaf Capital Limited.

The symbol “KTML” is being used by the stock exchanges for the shares of Kohinoor Textile Mills Limited.