Thursday, December 8
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Board of directors meeting of Sally Textile Mills Limited

Karachi, Sally Textile Mills Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on October 04, 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 28, 2022 to October 04, 2022.

“Sally Textile Mills Limited is incorporated in Pakistan as a Public Limited Company. The Company is a spinning unit engaged in the manufacture and sale of yarn.

The Company’s manufacturing unit is situated in Joharabad, District Khushab, and Punjab. They have a total of 111 ring frames with installed capacity 56,078 spindles. The company also operates a spinning unit on long term lease. This unit is located in Chakwal and has a production capacity of 14,400 spindles. This takes their total production capacity to 70,478 spindles.

The total numbers of shares are 8,775,000. The Earnings per share is 29.01 in 2020 which was 35.99 in 2019. The Profit after Taxation is (254,584,000) in 2020 which was 315,777,000 in 2019.”