Karachi: Karam Ceramics Limited informed Karachi Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on September 10, 2015.
The agenda of the meeting was discussion of audited interim profit and loss account for the year ended June 30, 2015 which portrayed a profit after taxation of Rs. 36,978,782 and earning per share Rs. 2.54 basic and diluted.
Further, 12 percent of payment for cash dividend, nil payment of bonus shares and right shares was agreed.
The annual general meeting of the company is scheduled to be held on September 27, 2015 at the registered office of the company in Karachi.
Further, the share transfer books of the company will remain closed from September 10, 2015 to September 27, 2015 both days inclusive.
Karam Ceramic Limited is a company incorporated in Pakistan on April 8, 1979 as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activity of the company is manufacturing and selling of ceramic tiles. The stocks of the company are quoted on the Karachi and Lahore stock exchanges of Pakistan. The registered office of the company is located in Karachi.
The symbol “KCL” is being used by the stock exchanges for the shares of Karam Ceramics Limited.