Day: February 23, 2022

Karachi, EFU General Insurance Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 23, 2022.

The agenda of the meeting was discussion of unconsolidated and consolidated profit and loss account for year ended December 31, 2021 which portrayed a profit of Rs. 2,801,579 and 3,594,644 with earnings per share 14.01 and 13.90 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 March 25, 2022 to March 31, 2022 (both days inclusive).

EFU General Insurance Limited EFU General Insurance Limited was incorporated as a public limited company on 2 September 1932. The Company is engaged in non-life insurance business comprising of fire and property, marine, motor, also assures safety of property from all sorts of engineering and fire related damages.

The total number of shares the company has introduced are 200,000,000. The Earnings per shares of the company is 11.85 in 2020 which was 13.04 in 2019. Their Profit after Taxation is 2,370,823,000 in 2020 which was 2,608,580,000 in 2019.

Karachi, Pakistan Hotels Developers Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 22, 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 53,054 with earnings per 2.95 basic and diluted respectively.

Further, 10% 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).

Pakistan Hotel Developers Limited was incorporated and domiciled in 1979 in Pakistan, as a private limited company and converted into public limited company in 1981. Pakistan Hotels Developers Limited (Formerly Taj Mahal Hotels Limited). The company is principally engaged in hotel business and owns and operates a Five Star Hotel Known as Regent Plaza Hotel and Convention Center, Karachi.

The total numbers of shares are 18,000,000. The Earnings per share is 0.02 in 2020 which was 1.56 in 2019. The Profit after Taxation of the Company is 442,000 in 2020 which was 28,013,000 in 2019.

Karachi, Dynea Pakistan Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 22, 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. 314,164 with earnings per 16.65 basic and diluted respectively.

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

Dynea Pakistan Limited was incorporated on June 20, 1982 in Pakistan as a Public Limited Company. The Company is principally engaged in the production and sale of formaldehyde, urea and melamine-formaldehyde resins and adhesives, molding compounds and glazing powder. These materials have a wide variety of applications for use in wood-based panels, decorative surfaces and tableware. Dynea’s production is currently spread over two plants located in Hub – Balochistan and Gadoon – Khyber Pakhtunkhwa.

The Shares of the Company in total are 118,872,400. The Earnings per shares of the company is 13.42 in 2020 which was 12.02 in 2019. Their Profit after Taxation is 253,349,000 in 2020 which was 226,901,000.

Karachi, First UDL Modaraba informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 23, 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. 64,718,467 with earnings per share 1.84 basic and diluted respectively.

Further, 10% payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from March 11, 2022 to March 17, 2022 (both days inclusive).

UDL Group began its operation several generations ago in 1887 and became distributors of W.D & H.O. Wills cigarettes in undivided India, to begin with. After partition of the sub-continent, several offices were established in major cities of Pakistan. Over decades since 1947, many multinationals and large Pakistani companies have held business relationships with the group. In the early 90’s the ownership and management of the group was divided into two sub-groups, within the family and once again in 2010. This part of the UDL Group is currently engaged into Islamic financing activities.

First UDL Modaraba was formed in 1991 and is managed by UDL Modaraba Management (Private) Limited. It is a perpetual, multipurpose and multidimensional Modaraba and is engaged in providing finance on Murabaha and Musharaka arrangements, Ijarah, commodity trading, manufacturing and trading of pharmaceutical products.

The total number of shares are 35,120,564. The Earnings per share is (0.09) in 2020 which was (1.71) in 2019. The Total Income of the Company is 38,296,000 in 2020 which was 34,464,000 in 2019.

Karachi, Habib Metropolitan Bank Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 22, 2022.

The agenda of the meeting was discussion of Unconsolidated and consolidated profit and loss account for Year ended December 31, 2021 which portrayed a profit of Rs. 13,458,573 and Rs. 13,862,271 with earnings per share 12.84 and 12.90 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 21, 2022 to March 28, 2022 (both days inclusive).

Habib Metropolitan Bank Limited was incorporated in Pakistan on 3 August 1992, as a public limited company and is engaged in commercial banking and related services. The Bank is a subsidiary of Habib Bank AG Zurich – Switzerland (the holding company with 51% shares in the Bank) which is incorporated in Switzerland.

Habib Metro Bank commenced its commercial-banking operations as Metropolitan Bank in October 1992 when the Bank merged with Habib Bank AG Zurich’s Pakistan operations. The merged entity was named Habib Metropolitan Bank Limited.

Habib Metro Bank currently operates with nationwide network of over 400 branches in more than 138 cities across Pakistan. Habib Metro offers retail, commercial, consumer and corporate banking solutions to its clientele, in addition to its expertise of trade finance. The Bank also of provides highly innovative e-Banking and Shariah-compliant Islamic Banking solutions.

The total numbers of shares of the Company are 1,047,831,480. The Earnings per share of the Company is 11.46 in 2020 which was 6.28 in 2019. Their Profit after Taxation is 12,008,196,000 in 2020 which was 6,583,481,000 in 2019.

Karachi, United Bank Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Islamabad on February 23, 2022.

The agenda of the meeting was discussion of unconsolidated and consolidated profit and loss account for year ended December 31, 2021 which portrayed a profit of Rs. 30,882,123 and 24.90 with earnings per share 25.23 and 24.84 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 March 22, 2022 to March 29, 2022 (both days inclusive).

United Bank Limited is a banking company incorporated in Pakistan and is engaged in commercial banking and related services. The Bank is a subsidiary of Bestway (Holdings) limited which is a wholly owned subsidiary of Bestway Group Limited.

With a customer base of over 4 million, the Bank boasts Pakistan’s widest network of over 44,000 customer touch points; this includes more than 1,400 branches, above 37,000 Omni Agents and over 1,400 ATMs. UBL has presence in four continents.

The total number of shares of the Company are 1,224,179,688. The Earnings per share I s17.07 in 2020 which was 15.63 in 2019. The Profit after tax is 20,898,783,000 in 2020 which was 19,133,774,000 in 2019.

Karachi, Towellers Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 23, 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. 350,213,537 with earnings per share 2.60 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 03, 2022 to March 07, 2022 (both days inclusive).

The company was incorporated in Pakistan as a private limited company on May 31, 1973 and subsequently converted into a Public Limited Company on June 22, 1994. The principle activity of the company is to manufacture and export textile make ups, garments and towels. The company is currently maintains in-house processing, weaving, knitting and finishing facilities.

Incorporated in 1987, the Towellers knit apparel division is vertically integrated unit that manufactures 6 million units annually and has the diversity of producing basic lines along with washed and embellished value added collections

The total numbers of shares are 17,000,000. The Earnings per share is 14.18 in 2020 which was 23.69 in 2019. The Profit after Taxation is 275,894,000 in 2020 which was 402,684,000 in 2019.