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Buxly Paints Limited’s financial results for the year ended June 30, 2011

Karachi: We have to inform you that the Board of Directors of our Company in the meeting held on Wednesday, October 05, 2011 at 3:30 a.m. at House No. 65-1, Street No. 16, Khayaban-e-Rahat, Phase VI, Defence Housing Authority Karachi have approved following.

I. Cash Dividend Nil

II. Bonus Shares Nil

III. Right Shares

IV. The financial results of the Company for the year ended June 30, 2011 are as under:-

 

June

June

2011

2010

Restated

(Rupees in 000)

Net sales 81,038 96,036
Cost of sales (68,255) (79,591)
——  ——
Gross profit 12,783 16,445
Distribution and selling expenses (9,466) (11,171)
Administrative expenses (8,353)  (16,286)
Other Expenses (4,707)
——  ——
(17,819) (32,164)
—— ——
(5,036)  (15,719)
Other operating income  1,000 19,665
—— ——
(3,946) 3,946
Financial cost (1,946) (6,045)
—— ——
Loss before tax (5,892) (2,099)
Taxation  (810) (910)
——  ——
Loss after tax (6,702) (3,009)
 —— ——
Loss per share – basic and diluted  (4.65)  (2.09)

 

The Share Transfer Books of the Company will remain closed from Monday, October 24, 2011 to Monday, October 31, 2011, (both days inclusive), No transfers will be admitted / registered after 1:00 p.m. on Saturday, October 22, 2011.

For more information, contact:
Shayan Mufti
Company Secretary
Buxly Paints Limited
X/3, S.I.T.E., Manghopir Road,
Karachi – 75700,
Pakistan.
Tel: (92-21) 32577702
Fax: (92-21) 32580468
Email: info@buxly.com

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