Kohinoor Spinning Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on June 05, 2020.

The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2020 which portrayed a loss of Rs. 87,810,870 with loss per share 0.41basic 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/148663.pdf

Kohinoor Spinning Mills Limited deals in Yarn having Super Lemon Brand. Production Capacity is 20.00 Million Kgs and the Mill Installed has 59,928 Spindles. Chakwal Group is a well known industrial group of Pakistan. It started its textile operations in 1974 when Kohinoor Spinning Mill unit 1 was incorporated. Since then Chakwal Group has expanded its operations in textile manufacturing and has diversified into other sectors as well. Currently it operates 6 spinning mills comprising of 160,000 spindles one weaving unit with 160 wide and narrow width looms under the textile umbrella.

The symbol "KOSM" is being used by the stock exchanges for the shares of Kohinoor Spinning Mills Limited.

© Pakistan Press International, source Asianet-Pakistan