Financial results of SG Allied Businesses Limited for Year ended June 30, 2022.

Karachi -- SG Allied Businesses Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on November 14, 2022.

The agenda of the meeting was discussion of profit and loss account for Year ended June 30, 2022 which portrayed a loss of Rs. 9,407,339 with loss per share 0.72 basic and diluted respectively.

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

Furthermore, the share transfer books of the company will remain closed from November 14, 2022 to November 16, 2022 (both days inclusive).

The announcement is available at:

https://dps.psx.com.pk/download/document/197844.pdf

"SG Allied Businesses Limited (Formerly S.G. Fibre Ltd) emerged as a Private Limited Company on December 11, 1968, with the name of SG Rayon Mills that later converted into a Public Limited Company on March 16, 1994 and renamed as SG Fibre Limited on November 3, 1994.

SG Allied Businesses Limited (Formerly S.G. Fibre Ltd) was listed on the Karachi Stock Exchange on March 28, 1996 and just after a year of its enlistment the Company's share became highest among the category of Filament Yarn Manufacturers on the Exchange.

SG Allied Businesses Limited (Formerly S.G. Fibre Ltd) has been one of the most modern and technologically advance Polyester Filament Yarn Manufacturer in Pakistan. Our Mill was...