August 30, 2014 1:53 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

739 Employees

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. Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended March 31, 2014

Al-Abid Silk Mills Ltd. reported unaudited earnings results for the third quarter and nine months ended March 31, 2014. For the quarter, the company has posted sales and services of PKR 128,760,140 against PKR 487,721,676 a year ago. Loss from operations was PKR 141,362,660 against PKR 569,647,382 a year ago. LBT was PKR 141,476,080 against PKR 562,085,673 a year ago. LAT was PKR 142,119,889 or PKR 10.60 basic and diluted per share against PKR 623,881,599 or PKR 46.53 basic and diluted per share a year ago. For the nine months, the company has posted sales and services of PKR 403,119,930 against PKR 2,544,442,437 a year ago. Loss from operations was PKR 481,069,110 against PKR 1,323,031,152 a year ago. LBT was PKR 485,578,292 against PKR 1,367,324,770 a year ago. LAT was PKR 473,913,190 or PKR 35.34 basic and diluted per share against PKR 1,462,888,548 or PKR 108.36 basic and diluted per share a year ago.

Al-Abid Silk Mills Ltd. to Report Q3, 2014 Results on Apr 28, 2014

Al-Abid Silk Mills Ltd. announced that they will report Q3, 2014 results on Apr 28, 2014

Al-Abid Silk Mills Ltd., Board Meeting, Apr 28, 2014

Al-Abid Silk Mills Ltd., Board Meeting, Apr 28, 2014., at 11:30 Pakistan Standard Time. Agenda: To consider the minutes of the last meeting of board of directors; to consider unaudited accounts for the period ended on March 31, 2014 and to authorize the directors to sign the same; to ratify the expenditure incurred in acquisitions and disposal of assets of the company; and to transact such other business.

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