Reliance Weaving Mills 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 profit and loss account for quarter ended December 31, 2019 which portrayed a profit of Rs. 105,826 with earnings per share 3.43 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/143483.pdf

Reliance Weaving Mills Limited is a company incorporated in Pakistan as a public limited company on 7 April 1990. The foundations of the company are laid under the Companies Ordinance, 1984. The company commenced its operations on May 14, 1990 and is principally engaged in the manufacture and sale of yarn and fabric. The principal business of the company is manufacture and sale of cotton yarn and grey woven fabric. The shares of the company are quoted on Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is situated at Multan.

The symbol "REWM" is being used by the stock exchange for the shares of Reliance Weaving Mills Limited.

© Pakistan Press International, source Asianet-Pakistan