Financial results of Climax Engineering Company Limited for period ended June 30, 2016

Karachi, Climax Engineering Company Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Gujranwala on September 30, 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 24,823,682 with loss per share 7.50 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 24, 2016 to October 31, 2016 (both days inclusive).

The Climax Engineering Company Limited is a company incorporated in Pakistan. It was established in 1940. The company engaged in the manufacturing of home appliance like Electric Heater and Electric Cattle in 1950. In 1951 it started producing electric fans and developed capacitor fans. In 1958 the company converted into a Private Limited Company. The company started manufacturing Electric Motors, Electric Heaters, Air Conditioners, etc. The company also started manufacturing of transformer with the collaboration of English electric company England. It was converted into public limited company in 1971. 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 Gujranwala.

The symbol “CECL” is being used by the stock exchanges for the shares of Climax Engineering Company Limited.