Ibrahim Fibres Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 19, 2020.

The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2019 which portrayed a profit of Rs. 56,772,305 with earnings per share 0.18 basic and diluted respectively.

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

The announcement is available at:

https://dps.psx.com.pk/download/document/143004.pdf

Ibrahim Fibres Limited is a company incorporated in Pakistan as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activity of the company is manufacture and sale of poltyester staple fibre and yarn. The manufacturing units are located at Faisalabad - Sheikhupura Road, in the Province of Punjab. The shares of the company are quoted on Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is situated at Lahore.

The symbol "IBFL" is being used by the stock exchange for the shares of Ibrahim Fibres Limited.

© Pakistan Press International, source Asianet-Pakistan