Karachi: Reliance Cotton Spinning Mills Limited informed Karachi Stock Exchange about recommendations made by the board of directors in the meeting held at Lahore on September 28, 2015.
The agenda of the meeting was discussion of un-audited interim profit and loss account for year ended June 30, 2015 which portrayed a profit of Rs. 142,722,348 and earnings per share 13.87 basic and diluted.
Further, 50% payment of cash dividend, nil payment of bonus shares and right shares was agreed.
The annual general meeting of the company will be held on October 26, 2015 at Karachi.
Further, the share transfer books of the company will remain closed from October 20, 2015 to October 26, 2015 (both days inclusive).