Board of directors meeting of Nishat Chunian Limited

Karachi, Nishat Chunian Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on September 29, 2022 at Lahore. 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 23, 2022 to September 29, 2022.

Nishat Chunian Limited is a public limited company incorporated in Pakistan. The Company is engaged in the business of spinning, weaving, dyeing, printing, stitching, processing, doubling, sizing, buying, selling and otherwise dealing in yarn, fabric and made-ups made from raw cotton, synthetic fiber and cloth, and to generate, accumulate, distribute, supply and sell electricity.

The Company is equipped with 225,000 spindles located in 8 mills producing 85,000 tons of yarn, 54 million meters of greige fabric in weaving and 36 million meters of finished fabric.

The total number of shares are 240,119,029. The Earnings per share is 1.11 in 2020 which was 13.19 in 2019. The Profit After Taxation of the Company is 265,369,000 in 2020 which was 3,167,592,000 in 2019.