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Karachi: We have to inform you that the Board of Directors of the Company in their meeting held on Thursday, October 27, 2011 at 12:00 noon at house of Habib 2nd Floor, Siddique sons Tower, Shahrah-e-Faisal, Karachi have 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:
|
July to September |
||
|
2011 |
2010 |
|
|
(Rupees in `000) |
||
| Turnover- net | 1,176,632 | 988,698 |
| Cost of sales | (843,166) | (748,754) |
| ——— | ——- | |
| Gross profit | 328,466 | 239,944 |
| Distribution costs | (170,713) | (155,348) |
| Administrative expenses | (18,380) | (18,715) |
| ——— | ——- | |
| (189,093) | (174,063) | |
| Other operating income | 3,643 | 1,135 |
| ——— | ——- | |
| Operating Profit | 143,016 | 67,016 |
| Finance costs | (100,066) | (135,511) |
| Other charges | (4,681) | (1,924) |
| ——— | ——- | |
| Profit / (loss) before taxation | 38,269 | (70,419) |
| Taxation | ||
| – Current | (13,386) | (9,699) |
| – Deferred | (14,044) | 19,666 |
| ——— | ——- | |
| (27,430) | 9,967 | |
| ——— | ——- | |
| Profit / (loss) after taxation | 10,839 | (60,452) |
| ——— | ——- | |
| Rupee | Rupee | |
| (Restated) | ||
| Earnings / (loss) per share – basic and diluted | 0.08 | (0.42) |
For more information, contact:
Aziz Ahmed
Company Secretary
Shabbir Tiles and Ceramics Limited
15th Milestone, National Highway.
Landhi, Karachi – 75120, Pakistan.
Tel: + (9221) 35015024-25
Fax #: (9221) 35015545
E-mail: info@stile.com.pk