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August 30, 2015 4:24 AM ET

Textiles, Apparel and Luxury Goods

Company Overview of Al-Abid Silk Mills Ltd.

Company Overview

Al-Abid Silk Mills Limited engages in the manufacture and sale of home textile products in Pakistan. Its products include bed linen, curtains, table linen, kitchen linen, and furnishing products. The company also manufactures and processes fabrics, such as pure cotton, polyester-cotton, sateen, flannel, percale, jersey, voile, jacquard, and dobby; and exports printed and dyed cloth, bed sets, and other textile made-up products. Al-Abid Silk Mills Limited was founded in 1968 and is based in Karachi, Pakistan.

A-39, S.I.T.E.

Manghopir Road

Karachi,  

Pakistan

Founded in 1968

Phone:

92 21 256 0040

Fax:

92 21 256 4718

Key Executives for Al-Abid Silk Mills Ltd.

Al-Abid Silk Mills Ltd. does not have any Key Executives recorded.

Al-Abid Silk Mills Ltd. Key Developments

Al-Abid Silk Mills Ltd. Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended March 31, 2015

Al-Abid Silk Mills Ltd. announced unaudited earnings results for the third quarter and nine months ended March 31, 2015. For the quarter, the company reported sales and services of PKR 56,923,461 compared to PKR 128,760,140 a year ago. Loss from operations was PKR 122,033,886 compared to PKR 141,362,660 a year ago. Loss before taxation was PKR 122,034,006 compared to PKR 141,476,089 a year ago. Loss after taxation was PKR 126,473,538 compared to PKR 142,119,889 a year ago. Basic and diluted LPS was PKR 9.43 compared to PKR 10.60 a year ago. For the nine months, the company reported sales and services of PKR 225,306,001 compared to PKR 403,119,930 a year ago. Loss from operations was PKR 404,116,060 compared to PKR 481,069,110 a year ago. Loss before taxation was PKR 404,223,874 compared to PKR 485,578,292 a year ago. Loss after taxation was PKR 413,773,656 compared to PKR 473,913,190 a year ago. Basic and diluted LPS was PKR 30.86 compared to PKR 35.34 a year ago.

Al-Abid Silk Mills Ltd. to Report Q3, 2015 Results on Apr 27, 2015

Al-Abid Silk Mills Ltd. announced that they will report Q3, 2015 results on Apr 27, 2015

Al-Abid Silk Mills Ltd., Board Meeting, Apr 27, 2015

Al-Abid Silk Mills Ltd., Board Meeting, Apr 27, 2015., at 11:30 Pakistan Standard Time. Agenda: To consider unaudited earnings results for the third quarter ended March 31, 2015; to confirm the minutes of the last meeting of the board; to ratify the resolution passed through circulation; to ratify the expenditures incurred in acquisition and disposal of assets by the company; and to transact any other business that may be placed before the meeting with the permission of the chair.

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