Financial results of Salman Noman Enterprise Limited for period ended March 31, 2016

Karachi, Salman Noman Enterprise Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on April 30, 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. 121,494,552 and Rs. 25,582,041 with loss per share 27.20 and 5.73 basic and diluted respectively.

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

Salman Noman Enterprise Limited incorporated on November 5, 1985. It is categorized as a Public Limited Company under the companies Ordinance, 1984. The manufacturing activities of the company include yarn production. The product line of the company includes polyester/ cotton/ viscose yarn along with carded and combed yarn. The mills have an operating capacity of 28248 spindles. The company is listed on Karachi and Lahore stock exchanges. Its registered office and mills are located in District Kasur.

The symbol “SANE” is being used by the stock exchange for the shares of Salman Noman Enterprise Limited.