Financial results of Baluchistan Wheels Limited for period ended June 30, 2016

Karachi, Baluchistan Wheels Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on September 22, 2016.

The agenda of the meeting was discussion of profit and loss account for the year ended June 30, 2016 which portrayed a profit of Rs. 153,272 with earnings per share 11.49 basic and diluted respectively.

Further, 50% payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from October 22, 2016 to October 29, 2016 (both days inclusive).

Baluchistan Wheels Limited was incorporated in Pakistan on June 16, 1980. The company manufactures automotive wheel rims for trucks, buses, tractors, cars and mini commercial vehicles. The registered office of the company is located in Karachi. The factory of the company is located in Baluchistan. The stocks of the company are quoted on the Karachi Stock Exchange.

The symbol “BWHL” is being used by the stock exchanges for the shares of Baluchistan Wheels Limited.