Day: February 2, 2022

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Corporate Briefing Session of Samin Textiles Limited

Karachi, Samin Textiles Limited informed Pakistan Stock Exchange that the corporate briefing session of the company will be held on February 10, 2022 through video link.

Samin Textiles Limited is a public limited company belonging to a leading industrial group based in Pakistan is offering a wide range of textile products. Samin Textiles Limited was incorporated in Pakistan on November 27, 1989 as a public limited company. The principal business of the Company is trading, import and export of textile products.

The total numbers of shares are 26,728,000. The Earnings per share is (0.07) in 2020 which was 3.41 in 20219. The Profit After Taxation in 2020 is (1,903,000) which was 91,152,000 in 2019.

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Closure of Book of The Jahangir Siddiqui and Company limited

Karachi, The Jahangir Siddiqui and Company limited informed Pakistan Stock Exchange that the transfer books share will remain closed from February 27, 2022 to March 06, 2022 (both days inclusive).

Jahangir Siddiqui & Co. Ltd. (JSCL) is primarily an investment company in financial services and also makes long term investments in growing companies in Pakistan. In financial services, its investments cover all sectors including asset management, commercial banking, investment banking, Islamic banking, securities brokerage and insurance. JSCL also benefits from strategic long term investments including in technology, transportation, media, and industrial sector companies.

The Company is now listed on Pakistan Stock Exchange Limited and quoted shares of it that are 915,942,388. The Earnings per shares of the Company is 1.32 in 2020 which was 0.39 in 2019. Their Profit after Taxation is 1,205,007,000 in 2020 which was 359,810,000 in 2019.

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Resignation of Company Secretary of Dadex Eternit Limited

Karachi, Dadex Eternit Limited informed Pakistan Stock Exchange that Mr. Dabeer Shiekh has resigned from the position of company secretary of the company with effect from February 02, 2022.

Dadex Eternit Limited is a Pakistan-based company, which manufactures and sells construction materials, including piping systems and other allied products manufactured from chrysotile cement rubber and plastics, and merchandises imported pipe fittings, accessories and other building products.
The Company was incorporated in Pakistan as a Public Limited Company on April 13, 1959.

The Company’s segments include Chrysotile Cement, which relates to the manufacturing and supply of corrugated sheets and pipes, and the manufacturing and supply of rubber rings; Plastic products, which includes polyvinyl chloride (PVC), Polydex and Polyethylene pipes, and Others, which includes merchandising of other imported building products and services.

The total shares of the Company are 10,764,000. The Earnings per shares are (33.59) in 2020 which was (18.16) in 2019. The Company had a loss of 361,519,000 in 2020 which was 195,528,000 in 2019.

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Financial results of Chashma Sugar Mills Limited for Year ended September 30, 2021

Karachi, Chashma Sugar Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 02, 2022.

The agenda of the meeting was discussion of profit and loss account for Year ended September 30, 2021 which portrayed a profit of Rs. 310,381 with earnings per share 10.82 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 February 15, 2022 to February 25, 2022 (both days inclusive).

Chashma Sugar Mills Limited was incorporated in Pakistan on May 5, 1988 as a public limited company. The Company is principally engaged in manufacturing, production, processing, compounding, preparation and sale of sugar, other allied compound, intermediates and allied products. The Company is a subsidiary of The Premier Sugar Mills and Distillery Company Limited.

The sponsors set up this sugar mill in 1991. The sponsors have so far helped growers to develop 150,000 acres of land for the cane supply by providing technical expertise and other assistance and have expanded the factory to 18,000 tons per day, the largest in Pakistan.

The total number of shares of the Company are 28,692,000. The Earnings per shares is 26.0 in 2020 which was 20.17 in 2019. The profit after Taxation of the Company is 746,115,000 in 2020, which was 578,648,000 in 2019.

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Financial results of Premier Sugar Mills and Distillery Company Limited for Year ended September 30, 2021

Karachi, Premier Sugar Mills and Distillery Company Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Mardan on February 02, 2022.

The agenda of the meeting was discussion of profit and loss account for Year ended September 30, 2021 which portrayed a loss of Rs. 202,250 with loss per share 53.93 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 February 15, 2022 to February 25, 2022 (both days inclusive).

The Premier Sugar Mills & Distillery Company Limited was incorporated on July 24, 1944 as a Public Company. The Company is principally engaged in manufacture and sale of white sugar and spirit. The Group is involved in the production of white crystalline sugar from sugarcane crushing and beet slicing, ethanol from distilleries, high grade polypropylene products with worldwide exports, the handling of bulk liquid products at Karachi terminal, distribution of consumer products, information technology company, interests in real-estate and multinational companies representation.

The total number of shares are 3,750,000. The Earnings per share is (13.00) in 2020 which was 0.05 in 2019. The Profit After Taxation in 2020 is (48,749,000) which was 184,000 in 2019.

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Financial results of Bank Al-Falah Limited for Year ended September 30, 2021

Karachi, Bank Al-Falah Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Dubai on February 02, 2022.

The agenda of the meeting was discussion of unconsolidated and consolidated profit and loss account for Year ended September 30, 2021 which portrayed a profit of Rs. 14,216,674 and 14,460,468 with earnings per share 8.00 and 8.12 basic and diluted respectively.

Further, 20% payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from March 09, 2022 to March 15, 2022 (both days inclusive).

Bank Alfalah Limited is a Public Interest Company, was incorporated in Pakistan as a Public Limited Company on June 21, 1992. Bank Alfalah has international presence as well and working in Afghanistan, Bangladesh, Bahrain and the UAE. The Bank also has a representative office in Abu Dhabi. Bank Alfalah is owned and operated by the Abu Dhabi Group.

They provides financial solutions to consumers, corporations, institutions and governments for products and services, including corporate and investment banking, consumer banking and credit, securities brokerage, commercial, SME, agri-finance, Islamic and asset financing solutions.

The symbol “BAFL” is used in respect of the shares of the Bank.

The number of shares the company has introduced are 1,777,165,119. The Earnings per shares has decreased in 2020 and is 5.89 which was 7.15 in 2019. The profit after taxation in 2020 is 10,474,910,000 compare to 12,695,517,000 in 2019.

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Board Meeting other than Financial Result of Crescent Steel and Allied Products Limited

Karachi, Crescent Steel and Allied Products Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on February 03, 2022 at Karachi to consider the quarterly consolidated and auditor’s reviewed unconsolidated financial statements for period ended December 31, 2021.

Further, the company has declared the closed period from January 27, 2022 to February 03, 2022.

Crescent Steel and Allied Products Limited is a conglomerate corporation listed on the Pakistan Stock Exchange Limited as ‘CSAP’, and thereby is a Public Interest Company. They have started operations with a pipe manufacturing facility in March 1987. The Company now operates five segments Steel, Cotton, Investment and Infrastructure Development (IID), Energy and Hadeed (Billet) segment. The Shares are quoted on Pakistan Stock Exchange Limited.

The total shares of the Company introduced are 77,632,491. The Earnings per share has decreased in 2020 and is (0.22) which was 1.85 in 2019. Their Profit after Taxation has also decreased in 2020 and is (17,124,000) which was 143,476,000 in 2019.

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Board Meeting other than Financial Result of Drekkar Kingsway Limited

Karachi, Drekkar Kingsway Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on February 09, 2022 at Islamabad to consider the agenda other than financial results.

Further, the company has declared the closed period from February 02, 2022to February 09, 2022.

Drekkar Kingsway Limited was registered on June 28, 1993 as Private Limited Company and was subsequently converted into Public Limited Company as on June 29, 1994. The principal activity of the company was manufacturing of all type of electrical appliances, cosmetics, toiletries, leather goods, machinery, components and parts.

In 1996, the company sold its plant and machinery. The company is currently engaged in making equity investments in undervalued profitable situations.

The total numbers of shares are 10,000,000. The (0.68) in 2020 which was (0.07) in 2019. The Company had a loss of Rs. 6,809,000 in 2020 which was 716,000 in 2019.

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Board Meeting other than Financial Result of K-Electric Limited

Karachi, K-Electric Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on February 09, 2022 at Karachi to consider the Business update.

Further, the company has declared the closed period from February 02, 2022 to February 09, 2022.

K-Electric Limited was incorporated as a limited liability company on September 13, 1913. The company is engaged in the business of generation, transmission and distribution of electric energy to industrial and other consumers.

The total number of shares of the Company is 27,615,194,245,000. The Earnings per shares are (0.11) in 2020 which was 0.63 in 2019. The Profit after Taxation is (2,959,211,000) in 2020 which was 17,273,617,000 in 2019.