Financial results of Buxly Paints Limited for period ended December 31, 2015

Karachi: Buxly Paints Limited informed Pakistan Stock Exchange about recommendations made by the board of directors in the meeting held at Karachi on February 23, 2016.

The agenda of meeting was discussion of profit and loss accounts for half year ended December 31, 2015, which portrayed a profit of Rs. 1,231 and earnings per share 0.85 basic and diluted.

Secondly, the meeting discussed profit and loss accounts for quarter ended December 31, 2015, and portrayed a profit of Rs. 440 and earnings per share 0.31 basic and diluted.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

The company was incorporated in Pakistan as a private limited company in April, 1954 as a private limited company and was later converted to a public limited company in May, 1985. The principal activity of the company is manufacturing and sale of paints, pigments, protective surface quoting, varnishes and other related products under a toll manufacturing agreement with Berger Paints Pakistan Limited dated January 6, 2003 at a specified toll manufacturing fees. The registered office of the company is located in Karachi. The stocks of the company are quoted on the Karachi and Lahore stock exchanges of Pakistan.

The symbol “BUXL” is being used by the stock exchanges for the shares of Buxly Paints Limited.