Financial results of Shadman Cotton Mills Limited for period ended March 31, 2016

Karachi, Shadman Cotton Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore 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. 118,975,439 and Rs. 17,341,024 with loss per share 6.75 and 0.98 basic and diluted respectively.

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

Shadman Cotton Mills Limited is a company incorporated in Pakistan in 1979. It is a producer and seller of quality ring spun yarns. It has more than 56,000 spindles for high quality yarn manufacturing. The company offers a variety of ring spun yarns with a range of natural and man-made fibres. The spinning mills of the company are located in Sheikhupura, Pakistan. The offices of the company are located in Lahore. The shares of the company are quoted on Karachi Stock Exchange of Pakistan. The registered office of the company is located at Lahore.

The symbol “SHCM” is being used by the stock exchange for the shares of Shadman Cotton Mills Limited.