Unusual Movement in Price of M/s Buxly Paints Limited

Karachi, Buxly Paints Limited informed Pakistan Stock Exchange that they are not aware of any matter or development resulting in unusual movement in price.

Buxly Paints Limited was incorporated in 1954 as a private limited company with registered office in Karachi and subsequently converted into public limited company in May 1985. The principal activity of the Company is manufacturing and sale of paints, pigments, protective surface coating, varnishes and other related products under a toll manufacturing agreement with Berger Paints Pakistan Limited, at a specified toll manufacturing fees.

During 2000 the company’s major shareholders decided to dis-invest their shares which were taken over by Slot-Rapid Limited – U.K. Berger Paints Pakistan Limited a leading manufacturing Company owns 19% of Buxly’s share.

The total number of shares the company have introduced are 1,440,000. The Earnings per share is 0.04 in 2020 which was (10.90) in 2019.The Profit after Taxation is 50,000 in 2020 which was (15,695,000).