Financial results of Safa Textiles Limited for period ended June 30, 2016

Karachi, Safa Textiles Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on October 11, 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. 183,623 with loss per share 45.91 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 22, 2016 to October 29, 2016 (both days inclusive).

Safa Textiles Limited is a company incorporated in Pakistan as a private limited liability company on November 08, 1984. It was subsequently converted into a public limited company on April 01, 1992. The foundations of the company are laid under the Companies Ordinance, 1984. The company is engaged in the manufacturing and export of readymade garments. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located at Karachi.

The symbol “SFAT” is being used by the stock exchange for the shares of Safa Textiles Limited.