Redco Textiles Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 27, 2020.

The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2019 which portrayed a profit of Rs. 3,016,795 with earnings per share 0.06 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/143602.pdf

Redco Textiles Limited is a company incorporated in Pakistan. It is a public limited company which commenced operations in October, 1991. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activities of the company include manufacture and sale of yarn and greige fabric. The shares of the company are quoted on Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is situated at Islamabad.

The symbol "REDCO" is being used by the stock exchange for the shares of Redco Textiles Limited.

© Pakistan Press International, source Asianet-Pakistan