Financial results of Al-Abid Silk Mills Limited for Quarter ended September 30, 2018.

Karachi -- Al-Abid Silk Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on October 29, 2018.

The agenda of the meeting was discussion of profit and loss account for quarter ended September 30, 2018 which portrayed a loss of Rs. 41,960,768 with loss per share 3.13 basic and diluted respectively.

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

The announcement is available at:

https://www.psx.com.pk/newsattachment/121504.pdf

AI-Abid Silk Mills Limited was incorporated as a private limited company in Pakistan in the year 1968. Later the company was converted into a public limited company on December 24, 1987. The foundations of the company are laid under the Companies...