Azgard Nine Limited (PSX: ANL) held its 22nd Annual General Meeting on 31 October 2015 in Lahore. Shareholders met to consider the company's annual business, and the minutes were later confirmed at the 23rd AGM in October 2016.
On the same day, the Board signed off the first-quarter report for the three months to 30 September 2015. Net sales for the quarter were Rs2.77 billion, up by around Rs500 million on the same quarter of 2014. The directors said the company was focusing on product development, better marketing and lower operating costs, especially in energy.
Key facts
- Meeting22nd Annual General Meeting, 31 October 2015, Lahore
- Q1 FY2016 net salesRs2,768.9 million (Q1 FY2015: Rs2,270.7 million)
- Focus areas named by the Boardproduct development, marketing, energy costs
The meeting marked another step in a long record as a listed company, one that continues today as Azgard9 builds its place as a global denim partner.
