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Karam Ceramics Limited’s financial results 1st quarter ended September 30, 2011

Karachi: We wish to inform you that the Board of Directors of Karam Ceramics Limited (KCL) in its Meeting held on Friday, October 28, 2011 at 10.00 a.m. at Registered Office Karachi, has approved the un-audited financial statements of the Company for the first quarter ended September 30, 2011, and recommended the following.

1. Cash Dividend   NIL
2. Bonus Shares  NIL
3. Right Shares   NIL

Financial Results:

Summary of the financial results are enclosed as Annexure ‘A’.

The Financial Results For the 1st Quarter ended September 30, 2011.

 

Quarter Ended

September 30,

September 30,

2011

2010

Rupees

Rupees

Sales-net  264,749,847 237,924,340
Cost of Sales  (243,238,395) (202,714,703)
 ———–  ———–
Gross Profit 21,511,452  35,209,637
Selling and distribution expenses  (8,399,500)  (10,558,005)
General and administrative expenses  (4,455,617)  (5,342,907)
 ———– ———–
 (12,855,117)  (15,900,912)
Other operating charges  (421,542)  (3,593,426)
Finance Cost  (10,179,509)  (10,458,655)
  ———– ———–
 (10,601,051) (14,052,081)
Other operating income  111,599  –
———– ———–
Profit before taxation  (1,833,117) 5,256,644
Taxation (1,365,030) (2,392,838)
 ———–  ———–
Profit after taxation  (3,198,147)  2,863,806
 ———– ———–
Earnings per share  (0.22) 0.20

 

For more information, contact:
Irshadali S. Ksaaim
Vice Chairman
Karam Ceramics Limited
BC-6, Block -5, Scheme No. 5,
Kehkashan, Clifton, Karachi,
Pakistan.
Tel: (92-21) 35865561-64
Fax: (92-21) 35865571
Email: karam@cyber.net.pk
Web: www.karamceramics.com

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