Day: February 3, 2022

Posted on

Material Information of Interloop Limited

Karachi, Interloop Limited informed Pakistan Stock Exchange that the Company is going to start civil work of Apparel Project, capital outlay of which is USD 100.0 Million for which the Company has arranged LTTF of PKR 5,000.0 Million and remaining will be financed by Company’s internal cash generation. He added that by advancing Hosiery Plant 6, the Company’s profitability will increase substantially which will be helpful for setting up other projects as per Vision 2025.

The Board appreciated the performance of the Company and continuous efforts of the Management. The Board also agreed with the proposal to advance the 6th Hosiery Plant and advised the Management of the Company to work out possibilities of arranging new capital by either bringing in foreign investors or further issuance of shares through right issue.

Interloop Limited was incorporated in Pakistan on 25th April, 1992 as a private limited company. On 18th July 2008, the Company was converted into public limited company and subsequently, on 5th April 2019, it was publicly listed on Pakistan Stock Exchange. The Company is engaged in the business of manufacturing and sale of socks, leggie, denim and yarn, and generating electricity for its own use.

The total numbers of shares 872,197,450. The Earnings per share is 2.06 in 2020 which was 6.67 in 2019. The Profit after Taxation is 1,796,403,000 in 2020 which was 5,194,767,000 in 2019.

Posted on

Progress Report of Dar Es Salaam Textile Mills Limited

Karachi, Dar Es Salaam Textile Mills Limited informed Pakistan Stock Exchange that the management sought fresh approval from the shareholders’ to dispose off the Freehold Land and Building in the Annual General Meeting held on November 20, 2021 and to implement its change of name and implement alternate business plan.

Dar Es Salaam Textile Mills Limited was incorporated in Pakistan on September 28, 1989 as public unlisted company. The Company was engaged in the business of manufacturing and sale of yarn. The total numbers of shares are 8,000,000. The Earnings per share is (6.22) in 2020 which was (0.62) in 2019. The Company had a loss of Rs. 49,738,000 in 2020 which was 4,934,000 in 2019.

Posted on

Extraordinary general meeting of Arshad Energy Limited

Karachi, Arshad Energy Limited informed Pakistan Stock Exchange that the extraordinary general meeting of the company is scheduled to be held on February 24, 2022 at Karachi.

The agenda of the meeting will be confirming the minutes of Annual General Meeting held on October 28, 2021.

Arshad Energy Limited is a public limited company incorporated in Pakistan on 20 February 1994. The Company is engaged in the business of generation and distribution of electricity through furnace fired power station having gross capacity of 12 MW in Tehsil Jaranwala, District Faisalabad, and Punjab, Pakistan.

The total numbers of shares are 8,000,000. The Earnings per share is (3.23) in 2020 which was (1.96) in 2019. The Company had a loss of Rs. 25,859,000 in 2020 which was 15,684,000 in 2019.

Posted on

Corporate Briefing Session of Jubilee Spinning and Weaving Mills Limited

Karachi, Jubilee Spinning and Weaving Mills Limited informed Pakistan Stock Exchange that the corporate briefing session of the company will be held on February 28, 2022, to brief the analysts/shareholders/ investors about the company’s financial results and future outlook for the year ended June 30, 2022.

Jubilee Spinning & Weaving Mills Limited was incorporated in Pakistan as a public limited company on 12 December 1973. The Company obtained certificate of commencement of business in January 1974. The principal objective of the Company is to engage in the business of manufacturing and selling of yarn, buying, selling and otherwise dealing in yarn and raw cotton. The Company also operates electric power generation facilities which generate electricity for use within the production site.

Shares of the Company are listed on all stock exchanges of Pakistan. Its registered office is situated in Lahore and the production facilities are located at Karachi.

The total number of shares are 32,491,205. The Earnings per shares of the company is (0.32) in 2020 which was 0.89 in 2019. The Profit After Taxation in 2020 is (10,481,000) which was 28,891,000 in 2019.

Posted on

Appointment of Directors, Chairman and Chief Executive Officer of Dewan Mushtaq Textile Mills Limited

Karachi, Dewan Mushtaq Textile Mills Limited informed Pakistan Stock Exchange that the seven members have been elected as Directors and Mr. Ghazanfar Baber Siddiqui as Chairman and Mr. Ishtiaq Ahmed as Chief Executive Officer of the company with effect from February 03, 2022.

Dewan Mushtaq Textile Mills Limited was incorporated in Pakistan, as a public limited company on November 04, 1970. The Company is a part of Yousuf Dewan Group of Companies. The company’s principal activity is premium quality yarn manufacturing.

The total number of shares are 11,561,028. The Earnings per shares of the company is (9.00) in 2020 which was (11.50) in 2019. The Company had a loss of 104,012,000 in 2020. Which was 104,764,000 in 2019.

Posted on

Transaction of 6,150 shares of Packages Limited

Karachi, Packages Limited informed Pakistan Stock Exchange about transaction of shares of the company. 3,150 shares @ Rs. 477.44 per share were bought from the market on February 02, 2022 and 3,000 shares @ Rs. 477.45 per share were bought from the market on February 02, 2022 through CDC.

Packages Limited is a public limited company incorporated in Pakistan. It is principally engaged in the manufacture and sale of packaging materials and tissue products. The Company also holds investments in companies.

The total numbers of shares are 89,379,504. The Earnings per share is 31.55 in 2020 which was 15.06 in 2019. The Profit after Taxation of the Company is 2,819,524,000 in 2020 which was 1,346,303,000 in 2019.

Posted on

Auditors Certificate on Share Swap Ratio of First Treet Manufacturing Modaraba

Karachi, First Treet Manufacturing Modaraba informed Pakistan Stock Exchange that the share swap ratio has been properly computed on the basis of Audited Accounts of the Company for the period ended December 31, 2021 for the purpose of issuance of new shares of Treet Battery Limited to the existing certificate holders of the company against the net assets transferred.

Treet Corporation was setup in 1952 and is almost as old as the country itself. Companies within Group are Semi-Autonomous units responsible for their own budgeting, new products launch, market decisions and new venture exploration and pricing. Operating as strategic business units, they are treated as internal profit centers by the corporate headquarter i.e. Treet Corporation limited, the holding company. These business units develop their business strategies though independently from other businesses but are trained to remain in-tune with broader corporate business policies. Corporate strategy (by the Parent Company) seeks to develop synergies across business units by sharing and coordinating staff, making investments in these units and using them to complement other corporate business activities.

The symbol “FTMM” is being used by the stock exchange for the First Treet Manufacturing Modaraba.

Posted on

Financial results of Samba Bank Limited for Year ended December 31, 2021

Karachi, Samba Bank Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 03, 2022.

The agenda of the meeting was discussion of profit and loss account for Year ended December 31, 2021 which portrayed a profit of Rs. 3,622,890 with earnings per share 0.783 basic and diluted respectively.

Further, 60% payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from February 22, 2022 to February 28, 2022 (both days inclusive).

Samba Bank Limited is a banking company incorporated in Pakistan and is engaged in commercial banking and related services. The Bank is listed on the Pakistan Stock Exchange Limited. The Bank is a subsidiary of SAMBA Financial Group of Saudi Arabia.

The total numbers of shares of the Bank are quoted as 1,008,238,648. The Earnings per shares of the Bank is 1.00 in 2020 which was 0.68 in 2019. The Profit after Taxation is 1,011,669,000 in 2020 which was 686,458,000 in 2019.

Posted on

Financial results of Amreli Steel Limited for Quarter ended December 31, 2021

Karachi, Amreli Steel Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 03, 2022.

The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2021 which portrayed a profit of Rs. 601,628 with earnings per share 2.03 basic and diluted respectively.

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

Amreli Steels Limited was incorporated in 1984 as a private limited company and converted into a public unquoted company in 2009. The Company is mainly engaged in manufacture and sale of steel bars and billets.

The total numbers of shares are 297,011,427. The Earnings per share is (3.79) in 2020 which was 0.11 in 2019. The Profit after Taxation of the Company is (1,126,617,000) in 2020 which was 32,823,000 in 2019.

Posted on

Credit of Final Cash Dividend of J. D. W. Sugar Mills Limited

Karachi, J. D. W. Sugar Mills Limited informed Pakistan Stock Exchange that the final cash dividend @ Rs. 10 per share, i.e. 100% for the year ended September 30, 2021 has been credited electronically into designated accounts of the shareholders of the company on February 02, 2022.

The Sugar Division comprises of three sugar mills Units in the districts of Rahim Yar Khan, Punjab and Ghotki, Sindh. With its combined crushing capacity of 44,500 TCD, it is one of the largest group in the sugar sector and contributes approximately 15-17% of country’s sugar production.

The Company has been successful in completing and commissioning its two high-pressure Co-Generation plants at Unit-II (Sadiqabad) and Unit-III (Ghoki). The first 26.6 MW plant at Unit-II achieved commercial operations on 12 June 2014 after clearing all testing, certification and trial run requirements. The second 26.8 MW project at Unit-III achieved commercial operations on 03 October 2014 after similarly completing all pre-commissioning formalities.

JDW is also managing Sugarcane Corporate Farms over the area of 24,000 Acres in the Provinces of Punjab & Sindh. By using knowledge, experience together with modern tools and machinery and distinctive agronomic strategies, JDW has been able to build highly efficient and eco-friendly farms with higher yields. Company’s unique farming techniques have also led to the capacity building of existing farmers thereby resulting in improved and reliable cane supply to JDW.

The symbol “JDWS” is being used by the stock exchange for the shares of J. D. W. Sugar Mills Limited.

Posted on

Credit of Final Cash Dividend of First Equity Modaraba

Karachi, First Equity Modaraba informed Pakistan Stock Exchange that the final cash dividend @ Rs. 0.50 per share, i.e. 5% for the year ended September 30, 2021 has been credited electronically into designated accounts of the shareholders of the company on January 28, 2022.

First Equity Modaraba was formed in 1991. It is managed by Premier Financial Services (Private) Limited. The Modaraba is a perpetual, multipurpose Moradabad able to undertake a variety of fund and fee based activities. These include trading, manufacturing, equity investment and their financing and facilitation. The Modaraba is a TREC holder of Pakistan Stock Exchange Limited.

The total numbers of shares are 52,440,000. The Earnings per share is (0.11) in 2020 which was (0.06) in 2019. The Company had a loss of Rs. 5,861,000 in 2020 which was 3,304,000 in 2019.

Posted on

Board Meeting other than Financial Result of Hira Textile Mills Limited

Karachi, Hira Textile Mills Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on February 04, 2022 at Lahore to consider the agenda other than financial results.

Further, the company has declared the closed period from February 03, 2022 to February 04, 2022.

Hira Textile Mills Limited was incorporated in Pakistan on January 31, 1991 as a Public Limited Company. The principal activity of the Company is to manufacture and sale of yarn. Hira Textile is a composite textile manufacturing unit which is engaged in the manufacture and sale of various kinds of spinning, Dying / bleaching and doubling products mainly for export purposes.

Hira Textile mills has 41424 spindles. The company has also yarn dying and yarn doubling unit and in house power generation facilities with a capacity 18.65 MW. The company’s production facilities comprise of spun yarn, dyed / bleached yarn, zero twist / double yarn.

The total number of Shares of the Company is 86,577,920. The Earnings per shares of the Company is (3.51) in 2020 which was (6.32) in 2019. The Company had a loss of Rs. 303,789,000 in 2020 which was 2,015,842,000 in 2019.