Karachi, Frontier Ceramics Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Rawalpindi on November 13, 2019.
The agenda of the meeting was discussion of profit and loss account for year ended June 30, 2019 which portrayed a loss of Rs. 88,474,350 with loss per share 2.34 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Frontier Ceramics Limited is a company incorporated in Pakistan on July, 1982 as a Public Limited Company. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activities of the company are manufacturing of ceramic tiles, sanitary wares and related ceramic products. It operates with the brand name of “FORTE” The shares of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located in Peshawar.
The product of the company includes domestic and commercial tableware and giftware, floor and wall tiles and industrial ceramics and refractories. It is used in basic industries including construction, steel, power transmission, agriculture, tourism and leisure, and many others using advanced ceramics in high-tech applications. The workforce of the company ranges to more than three hundred employees.
The symbol “FRCL” is being used by the stock exchanges for the shares of Frontier Ceramics Limited.