Karachi, Shabbir Tiles and Ceramics Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on September 11, 2018.
The agenda of the meeting was discussion of profit and loss account for year ended June 30, 2018 which portrayed a profit of Rs. 194,406 with earnings per share 0.81 basic and diluted respectively.
Further, 10% payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from October 02, 2018 to October 22, 2018 (both days inclusive).
Shabbir Tiles and Ceramics Limited is a company founded by the House of Habib in 1978 with strategic and technical collaboration of Agrob Anlagenbau GmbH of West Germany. The company is primarily engaged in the manufacture and sale of tiles and trading of allied building products. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. It is also a member of Karachi Chamber of Commerce & Industry, Pakistan Ceramics Manufacturers Association, and Landhi Association of Trade & Industry. The registered office of the company is located at Karachi.
The dealers and distribution network of the company is spread all over Pakistan. The offices are located at Karachi, Lahore, Multan, Faisalabad, Islamabad and Peshawar. The company also operates retail outlets all over Pakistan named as The Stile Emporium.
The company is manufacturing Porcelain and Ceramic tiles in different sizes and colors, employing the latest technology. The Quality Management Systems of the company are structured under ISO 9001:2000 from Lloyd Quality Assurance.
The symbol “STCL” is being used by the stock exchanges for the shares of Shabbir Tiles and Ceramics Limited.