Financial results of Towellers Limited for period ended June 30, 2016

Karachi, Towellers Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on October 26, 2016.

The agenda of the meeting was discussion of profit and loss account for the year ended June 30, 2016 which portrayed a profit of Rs. 144,832,741 with earnings per share 8.52 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 18, 2016 to October 25, 2016 (both days inclusive).

Towellers Limited is a company for design, manufacturing and production of premium lifestyle products in five environments, bedroom, living room, kitchen and bathroom and institutional. The link with clothing is certain and not just because of the company’s vocation, but also because of the innovative decision to transfer techniques, skills, materials, colors and ideas from households to clothing.

The Symbol “TOWL” is being used by the stock exchange for Towellers Limited.