Sunrays Textile Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 29, 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. 188,746,121 with earnings per share 27.35 basic and diluted respectively.

Further, 150% payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from March 31, 2020 to April 06, 2020 (both days inclusive).

The announcement is available at:

https://dps.psx.com.pk/download/document/144142.pdf

Sunrays Textile Mills Limited is a company incorporated in Pakistan on August 27, 1987. It is a public limited company the foundations of which are laid under the Companies Ordinance, 1984. The principal business activity of the company is a manufacture, trading and sale of yarn. The company also operates a ginning unit and an ice factory on leasing arrangements. The mill is located at District Muzaffarhgarh, Dera Gazi Khan Division, in the province of Punjab. The shares of the company are quoted on Karachi Stock Exchange of Pakistan. The registered office of the company is located at Karachi.

The symbol "SUTM" is being used by the stock exchange for the shares of Sunrays Textile Mills Limited.

© Pakistan Press International, source Asianet-Pakistan