Financial results of Yousaf Weaving Mills Limited for Year ended June 30, 2019.

Karachi: Yousaf Weaving Mills Limited informed Pakistan Stock Exchange about the recommendations made by the Board of Directors in the meeting held at Lahore on November 05, 2019.

The agenda of the meeting was discussion of profit and loss account for year ended June 30, 2019 which portrayed a loss of Rs. 74,291,333 with loss per share 0.83 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 21, 2019 to November 27, 2019 (both days inclusive).

"Yousaf Weaving Mills Limited is a company incorporated in Pakistan as a public limited company on January 17, 1988. The foundations of the...