Home / Financial Results / Karam Ceramics Limited’s financial results for the year ended June 30, 2011

Karam Ceramics Limited’s financial results for the year ended June 30, 2011

Karachi: We have to inform you that the Board of Directors of the company in their meeting held on Wednesday September 26 2011 at 10.00 a.m. at Registered office Karachi, has approved the audited accounts of the Company for the year ended June 30, 2011 and recommended the following:

 

Cash Dividend                10%

 

Bonus Shares                 Nil

Right Shares                 Nil

 

The Financial Results of the company are as follows:

 

Year Ended

June 30,

June 30,

2011

2010

Rupees

Rupees

Sales-net 1,055,479,354 933,333,387
Cost of Sales (926,283,082) (818,887,530)
 ————- ————-
Gross Profit 129,196,272 114,445,857
Selling and distribution expenses (51,866,393)  (57,650,095)
General and administrative expenses (18,697,939)  (16,227,539)
 ————- ————-
(70,464,332) (73,877,634)
Other operating charges (4,710,011)  (4,228,252)
Finance Cost  (42,286,600) (35,455,881)
 ————-  ————-
(46,996,611) (39,674,133)
Other operating income 420,147 11,842,978
 ————- ————-
Profit before taxation 12,155,476 12,727,068
 ————- ————-
Taxation (6,737,150) (231,677)
 ————- ————-
Profit after taxation 6,418,326 12,495,391
 ————- ————-
Earning per share  0.37 0.86

 

The share transfer books of the Company will be closed from October 18, 2011 to October 24, 2011 (both days inclusive). Transfers received in order at the office of Company’s Share Registrars. M/s THK Associates (Pvt) Limited, at the close of business on October 17, 2011 will be treated in time for the purpose of above entitlement to the transferees.

For more information, contact:
Manzoorali Natha
Company secretary
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

Leave a Reply

Scroll To Top