Colony Textile Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on April 30, 2020.

The agenda of the meeting was discussion of Unconsolidated and consolidated profit and loss account for quarter ended March 31, 2020 which portrayed a profit of Rs. 151,354 and Rs. 151,265 with earnings per share 0.30 and 0.30 basic and diluted respectively.

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

The announcement is available at:

https://dps.psx.com.pk/download/document/147335.pdf

Colony Mills Limited (CML) was established as a textile manufacturing unit on September 21, 2005 and absorbed "Colony Textile Mills Limited" in 2006. Colony Textile Mills Limited was the principal company established as a textile manufacturing unit in 1946. CML's expertise, primarily, lies in production, manufacturing and sale of different types of yarns of various counts. The company has a healthy portfolio of income generating assets that crossed total revenues over 13 Billion rupees for the year ended June 30, 2011.

The symbol "CTM" is being used by the stock exchanges for the Colony Textile Mills Limited.

© Pakistan Press International, source Asianet-Pakistan