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 04, 2022.
The agenda of the meeting was discussion of profit and loss account for Year ended June 30, 2022 which portrayed a profit of Rs. 38,504,431 with earnings per share 1.02 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from November 20, 2022 to November 26, 2022 (both days inclusive).
Frontier Ceramics Limited was incorporated in July 1982 as a Public Limited Company. The Company is engaged in the manufacturing of tiles with brand name “FORTE”. The Principle activities of the company are manufacturing of ceramic tiles, sanitary wares and related ceramic products.
The shares of the Company are 37,873,821. The Earnings per shares of the Company is 1.16 in 2020 which was (2.34) in 2019. Their profit after Taxation is 43,852,000 in 2020 which was (88,474,000) in 2019.