Board of directors meeting of Towellers Limited

Karachi, Towellers Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on September 29, 2022 at Multan. 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 21, 2022 to September 29, 2022.

The company was incorporated in Pakistan as a private limited company on May 31, 1973 and subsequently converted into a Public Limited Company on June 22, 1994. The principle activity of the company is to manufacture and export textile make ups, garments and towels. The company is currently maintains in-house processing, weaving, knitting and finishing facilities.

Incorporated in 1987, the Towellers knit apparel division is vertically integrated unit that manufactures 6 million units annually and has the diversity of producing basic lines along with washed and embellished value added collections

The total numbers of shares are 17,000,000. The Earnings per share is 14.18 in 2020 which was 23.69 in 2019. The Profit after Taxation is 275,894,000 in 2020 which was 402,684,000 in 2019.