Financial results of Media Times Limited for period ended June 30, 2016

Karachi, Media Times Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on September 28, 2016.

The agenda of the meeting was discussion of profit and loss account for the year ended June 30, 2016 which portrayed a loss of Rs. 148,364,034 with loss per share 0.83 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 October 21, 2016 to October 28, 2016 (both days inclusive).

Media Times Limited is a company incorporated in Pakistan on June 26, 2001 as a Private Limited Company. The company was later converted into Public Limited Company on March 6, 2007. The foundations of the company are laid under the Companies Ordinance, 1984. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located in Lahore.

The principal activities of the company is being engaged in printing and publishing daily English and Urdu news papers by the name of “Daily Times” and “AajKal” respectively. The company is also engaged in production, promotion, advertisement, distribution and broadcasting of television programs through satellite channels by the name of “Business Plus” and “Zaiqa” respectively. The principal places for Business Plus and Zaiqa is situated at Karachi and for Newspapers is at Lahore.

The symbol “MDTL” is being used by the stock exchanges for the shares of Media Times Limited.