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

Karachi, Ravi Textile Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on October 06, 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. 50,327,927 with loss per share 2.01 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).

Ravi Textile Mills limited is a manufacturer and exporter of yarn, fabrics and made-ups operating in Pakistan. Its registered office is located in Lahore. The products of the company include all sorts of grey, bleached, dyed and printed fabrics.

The symbol “RAVT” is being used by the stock exchange for the shares of Ravi Textile Mills Limited.