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May 06, 2015 3:55 PM 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. 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.

Al-Abid Silk Mills Ltd. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended December 31, 2014

Al-Abid Silk Mills Ltd. reported unaudited earnings results for the second quarter and six months ended December 31, 2014. For the quarter, the company reported sales and services of PKR 82,003,135 against PKR 155,731,518 for the same period last year. Loss from operations was PKR 129,177,129 against PKR 147,523,831 for the same period last year. Loss before taxation was PKR 129,271,996 against PKR 147,548,071 for the same period last year. Loss after taxation was PKR 134,382,246 or PKR 10.02 per basic and diluted share against PKR 134,634,658 or PKR 10.04 per basic and diluted share for the same period last year. For the six months, the company reported sales and services of PKR 168,382,540 against PKR 274,359,790 for the same period last year. Loss from operations was PKR 282,082,174 against PKR 339,706,450 for the same period last year. Loss before taxation was PKR 282,189,868 against PKR 344,102,203 for the same period last year. Loss after taxation was PKR 287,300,118 or PKR 21.43 per basic and diluted share against PKR 331,793,301 or PKR 24.74 per basic and diluted share for the same period last year.

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