Shabbir Tiles and Ceramic’s financial results for the year ended June 30, 2011

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Karachi: We have to inform you that the Board of Directors of the Company in their meeting held on Friday, September 09, 2011 at 9:30 a.m. at House of Habib 2nd Floor, Siddquesons Tower, Shahrah-e-Faisal, Karachi, recommended the following:

 

Cash Dividend	Nil
Bonus Shares	Nil
Right Shares	Nil
Any Other Entitlement	Nil

 

 

The financial results of the Company are as follows:

 

	2011	2010
	(Rupees in ‘000’)
Turnover – net	4,399,779	4,061,423
Cost of sales	(3,268,579)	(3,002,044)
	———	———
Gross profit	1,131,200	1,059,379
Distribution costs	(584,204)	(559,697)
Administrative expenses	(77,237)	(57,718)
	———	———
	(661,441)	(617,415)
Other operating income	7,486	3,920
	———	———
Operating profit	477,245	445,884
Finance costs	(457,614)	(495,362)
Other charges	(6,139)	(1,905)
	———	———
	(463,753)	(497,267)
	———	———
Profit / (loss) before taxation	13,492	(51,383)
Taxation	(20,949)	1,773
	———	———
	(7,457)	(49,610)
	———	———
	Rupee	Rupee
	(Restated)
Loss per share – basic and diluted	(0.10)	(0.65)

 

The 33rd Annual General Meeting of the Company will be held on October 17, 2011 at 11:30 a.m. at the Auditorium of Institute of Chartered Accountants of Pakistan (ICAP), Near Three Swords, Clifton, Karachi.

The share transfer books of the Company will be dosed from October 11, 2011 to October 17, 2011 (both (lays inclusive). Transfers received in order at the office of Company’s Share Registrars, M/s. Noble Computer Services (Pvt.) Limited, First Floor, House of Habib Building, 3-Jinnah C, II. Society, Main Shahrah-e-Faisal, Karachi, at the close of business on October 10, 2011 will be treated in time for the purpose of above entitlement to the transferees.

 

For more information, contact:
Aziz Ahmed
Company Secretary
Shabbir Tiles and Ceramics Limited
15th Milestone, National Highway,
Landhi, Karachi – 75120. Pakistan.
Tel: + (9221) 35015025-25
Fax: + (9221) 35016646
E-mail: info@stile.com.pk