Karam Ceramics Limited’s financial results for the year ended June 30, 2013

Karachi, September 25, 2013 (PPI-OT): We wish to inform you that the Board of Directors of Karam Ceramics Limited (KCL) in its Meeting held on Tuesday, September 25, 2013 at 10.00 a.m. at Registered Office Karachi, has approved the audited accounts of the Company for the year ended June 30, 2013, 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 of the company are as follows: Year Ended June 30, 2013 June 30, 2012 Rupees Rupees Sales-net 1,156,074,834 1,187,312,837 Cost of Sales (1,042,431,341) (1,080,580,614) ————- ————- Gross Profit 113,643,493 106,732,223 Selling and distribution expenses (39,859,878) (42,574,366) General and administrative expenses (18,119,705) (16,171,446) ————- ————- (57,979,583) (58,745,812) Other operating charges (3,994,754) (1,611,900) Finance Cost (34,496,564) (43,256,355) ————- ————- (38,490,318) (44,868,255) Other operating income 234,947 317,308 ————- ————- Profit before taxation 17,408,539 3,435,464 Taxation (13,042,491) (2,767,935) ————- ————- Profit after taxation 4,366,048 667,529 ————- ————- Earnings per share 0.30 0.05 ————- ————- The share transfer books of the Company will be closed from October 19, 2013 to October 28, 2013 (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 18, 2013 will be treated in time for the transferees the purpose of above entitlement to the transferees. We will be sending you 300 copies of printed accounts for distribution amongst the members of the Exchange in due course of time. Re: Annual General Meeting/ Book Closure We wish to inform you that the Annual General meeting of the Company will be held on Saturday 26th October 2013 at 5:00 p.m. at the Registered Office of the company. The share transfer book of the company will remain closed from 19th October 2013 to 26th October 2013 (both days inclusive). For more information, contact: Manzoor Ali Natha Company Secretary Karam Ceramics Limited BC-6, Block-5, Scheme No. 5, Kehkashan, Clifton. Karachi – Pakistan. Head Office Phone: (92-21) 35865561-64 Fax: (92-21) 35865571 E-mail: karam@cyber.net.pk Website: www.karamceramics.com

Karam Ceramics Limited’s board meeting-25th September 2013

Karachi, September 17, 2013 (PPI-OT): This is to inform you that meeting of the Board of Directors of Karam Ceramics Limited (KCL) will be held on Wednesday September 25, 2013 at 10.00 a.m. at the Registered Office of Company. The meeting will consider audited accounts of the company for the year ended on 30th June, 2013. Together with Auditors’ Report and the Report of the Directors. It is also to inform that from September 18, 2013 to September 25, 2013 (both days inclusive) would be our close period during which no director, CEO or Executive of the company shall, directly or indirectly, deal in the shares of the company in any manner. You may please inform the members of the Exchange accordingly. For more information, contact: Manzoorali Natha Company Secretary Karam Ceramics Limited BC-6, Block-5, Scheme No. 5, Kehkashan, Clifton. Karachi – Pakistan. Head Office: Phone : (92-21) 35865561-64 Fax : (92-21) 35865571 E-mail: karam@cyber.net.pk Website: www.karamceramics.com

The post Karam Ceramics Limited’s board meeting-25th September 2013 appeared first on AsiaNet-Pakistan.