Financial results of Sapphire Fibres Limited for Quarter ended December 31, 2019.

Karachi: Sapphire Fibres Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 26, 2020.

The agenda of the meeting was discussion of consolidated profit and loss account for quarter ended December 31, 2019 which portrayed a profit of Rs. 951,226,194 with earnings per share 33.95 basic and diluted respectively.

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

Sapphire Fibres limited is a public limited company incorporated in Pakistan in 1979. The foundation of the company is laid under the Companies Ordinance, 1984. The company is principally engaged in manufacture and sale of yarn, fabrics and...