Shabbir Tiles reports profit

KARACHI: Shabbir Tiles & Ceramics Ltd has posted a profit after tax of Rs 34.884 million during the half year ending December 31, 2011 as against a loss after tax of Rs 27.544 million in the same period last year.

According to the financial results reaching Karachi Stock Exchange (KSE) here Wednesday, pre-tax profit was estimated at Rs 82.031 million compared to a loss after tax of Rs 32.939 million in 2010.

The earning per share stood at Rs 0.24 against a loss per share of Rs 0.36 in the same period last year.

Shabbir Tiles is a Habib Group company and the former director marketing of Indus Motors Raza Ansari has joined it as a chief operating officer from 1st January 2012.