Financial results of Safe Mix Concrete Products Limited for period ended March 31, 2016

Karachi, Safe Mix Concrete Products Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on April 28, 2016.

The agenda of the meeting was discussion of profit and loss account for nine months period and quarter ended March 31, 2016 which portrayed a profit of Rs. 8,874,517 and Rs. 3,610,173 with earnings per share 0.35 and 0.14 basic and diluted respectively.

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

Safe Mix Concrete Products Limited is a company incorporated in Pakistan established in April, 2005 as a private limited company. The foundations of the company are laid under the Companies Ordinance, 1984. On February 21, 2007 the company was converted to a public limited company. The company is engaged in providing innovative solutions within the construction industry. The company has undertaken a number of projects such as Packages Bulleh Shah, Nestle Kabirwala factory, Bab-e-Pakistan. Creek Marina, Emaar Crescent Bay, Mabarak Center, DHA Riya Golf & Country Club, Lahore Ring Road, Creek Lodge, Gizri flyover, Dawood Islamic Tower, etc. The principal activity of the company is production and supply of ready mix concrete, building blocks and construction of pre fabricated buildings, factories and other construction sites. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located in Pakistan.

The symbol “SMCPL” is being used by the stock exchanges for the shares of Safe Mix Concrete Products Limited.