Karachi, Al-Abid Silk Mills Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on September 29, 2022 at Karachi. The agenda of the meeting will to consider the Annual Accounts for the period ended June 30, 2022.
Further, the company has declared the closed period from September 22, 2022 to September 29, 2022.
Al-Abid Silk Mills Limited was incorporated in 196, and engaged in manufacturing and processing of various kinds of fabrics. They export printed and dyed cloths, bed sheets and other textile made ups.
Al-Abid Silk Mills Limited is capable of printing 4.5 million meters per month where dyeing capacity of 2.5 million meters per month. Al-Abid Silk Mills can also print using pigments, reactive, VATS, puff, flock, discharge & burnout print techniques in:
(20 colors upto 75″ width) (16 colors upto 126″ width)
Al-Abid also operates modem back coating and flocking plants in the country with products like black out curtains, acrylic coated and flocked fabric. All their production facilities are adapted for printing, dyeing and finishing for jersey and man-made fibers.
The company’s total number of shares issued are 13,409,550 where the Earnings Per Share in 2020 was 185.90 whereas in 2019 it was (9.39) per share. Their Profit After Tax has also increased up to 2,492,790,000 in 2020 which was (125,956,000) in 2019.