Day: March 9, 2022

Posted on

Transaction of 4,422 shares of Millat Tractors Limited

Karachi, Millat Tractors Limited informed Pakistan Stock Exchange about transaction of shares of the company. 202 shares @ Rs. 747.50 per share were bought from the market on March 08, 2022, 13 shares @ Rs. 747.49 per share were bought from the market on March 08, 2022, 207 shares @ Rs. 747.45 per share were bought from the market on March 08, 2022, 1,104 shares @ Rs. 747.00 per share were bought from the market on March 08, 2022 and 2,896 shares @ Rs. 745.00 per share were bought from the market on March 08, 2022 through CDC.

Millat Tractors Limited is a public interest company, was incorporated on June 08, 1964. The Company is engaged in assembly and manufacturing of agricultural Tractors, Implements and Multi-application products. The Company is also involved in the sale, implementation and support of IFS applications in Pakistan.

The total number of shares of the Company are 56,057,751. The Earnings per share of the Company is 43.16 in 2020 which was 73.01 in 2019. The Profit After Taxation is 2,150,548,000 in 2020 which was 3,638,045,000 in 2019.

Posted on

Financial results of Dawood Lawrencepur Limited for Year ended December 31, 2021

Karachi, Dawood Lawrencepur Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on March 08, 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. 538,131 and Rs. 2,482,490 with earnings per share 9.44 and 36.58 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 April 22, 2022 to April 28, 2022 (both days inclusive).

Dawood Lawrencepur Limited was formed in 2004 by the amalgamation of Lawrencepur Woolen and Textile Mills Limited, Dawood Cotton Mills Limited, Bhurewala Textile Mills Limited and Dillon Limited. The Company was incorporated in Pakistan as a Public Limited Company.

The Company manages investment in its subsidiaries and associated companies and is engaged in the business of trading and marketing of renewable energy solutions, mainly solar, to commercial and industrial consumers, along with the legacy textile business.

The total number of shares of the Company are 59,299,809 whereas the Earnings per shares of the company is 8.28 in 2020 which was 17.95 in 2019. The Profit after Taxation is 490,924,000 in 2020 which was 1,064,236,000 in 2019.

Posted on

Credit of Interim Cash Dividend of Chashma Sugar Mills Limited

Karachi, Chashma Sugar Mills Limited informed Pakistan Stock Exchange that the interim cash dividend @ Rs. 5 per share i.e. 50% for the year ending September 30, 20202has been credited electronically into the designated bank accounts of the shareholders of the Company on March 09, 2022.

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.

Posted on

Change of Company secretary of Bestway Cement Limited

Karachi, Bestway Cement Limited informed Pakistan Stock Exchange that Mr. Hassan Niazi has been appointed as Company Secretary of the Company with effect from February 16, 2022 in place of Ms. Sehar Husain.

Bestway Cement Limited is a Public Limited Company incorporated in Pakistan on December 22, 1993. The Company is principally engaged in the production and sale of Cement, as it is a part of the Cement & Concrete Product Manufacturing Industry.

The Company is a subsidiary of Bestway (Holdings) Limited, U.K, which holds 56.43% shares in the Company. Bestway (Holdings) Limited is a wholly owned subsidiary of Bestway Group Limited, U.K.

The Shares of the Company are quoted on Pakistan Stock Exchange and used the symbol “BWCL” for the shares of the Company in PSX.

The total number of shares the company has introduced are 596,252,783. The Earning per share is 0.08 in 2020 which was 16.93 in 2019. Their Profit after Taxation is 49,252,000 in 2020 which was 10,097,285,000 in 2019.

Posted on

Credit of Interim Cash Dividend of Cherat Packaging Limited

Karachi, Cherat Packaging Limited informed Pakistan Stock Exchange that the Interim Cash Dividend @ Rs. 1.00 per share, i.e. 10% for the year ending June 30, 2022 has been credited electronically into the designated bank accounts of the shareholders of the Company on March 09, 2022.

Cherat Packaging Limited was incorporated in Pakistan as a public company limited by shares in the year 1989. Its main business activities are manufacturing, marketing and sale of paper sacks, polypropylene bags and flexible packaging material.

The total number of shares are 42,506,836. The Earning per share is 1.65 in 2020 which was 13.24 in 2019. The Profit after Taxation of the Company is 70,235,000 in which was 562,873,000 in 2019.

Posted on

Board Meeting other than Financial Result of KASB Modaraba

Karachi, KASB Modaraba informed Pakistan Stock Exchange that board of directors meeting of the company will be held on March 11, 2022 at Karachi to consider the agenda other than financial results.

Further, the company has declared the closed period from March 09, 2022 to March 11, 2022.

KASB Modaraba was incorporated on June 5, 2014, at that time it was wholly owned subsidiary of Pak Brunei Investment Company Limited (“Pak Brunei”). It is a multipurpose perpetual Modaraba and is primarily engaged in ijarah financing, Musharaka financing, Modaraba financing, diminishing Musharaka and investing in Sukuk bonds, mutual funds and listed securities. The Modaraba was previously managed by the Administrator, appointed by the SECP vide order dated April 03, 2019 issued by the Registrar Modaraba

The total number of shares of the Company are 48,066,480. The Earnings per shares of the Company is (2.14) in 2020 which was (0.71) in 2019. The Company had a loss of Rs. 102,921,000 in 2020 which was 34, 240,000 in 2019.

Posted on

Board Meeting other than Financial Result of First Pak Modaraba

Karachi, First Pak Modaraba informed Pakistan Stock Exchange that board of directors meeting of the company will be held on March 11, 2022 at Karachi to consider the agenda other than financial results.

Further, the company has declared the closed period from March 09, 2022 to March 11, 2022.

First Pak Modaraba is a multipurpose, perpetual Modaraba. The Modaraba is currently engaged in various modes of Islamic funding’s and businesses which include ijarah financing, deployment of funds in Musharaka, Morabaha and investment in securities.

The total number of shares are 12,540,000. The Earnings per share is 0.15 in 2020 which was 0.04 in 2019. The Profit after Taxation of the Company is 1,845,000 in 2020 which was 514,000 in 2019.

Posted on

Board Meeting other than Financial Result of First Prudential Modaraba

Karachi, First Prudential Modaraba informed Pakistan Stock Exchange that board of directors meeting of the company will be held on March 11, 2022 at Karachi to consider the agenda other than financial results.

Further, the company has declared the closed period from March 09, 2022 to March 11, 2022.

First Prudential Modaraba is a multipurpose, perpetual Modaraba. The Modaraba is engaged in various modes of Islamic funding’s and businesses which include ijarah financing, deployment of fund in musharika, Morabaha and investment in securities.

The objective of the Modaraba inter-alia include participating in Musharika, Morabaha and providing financial assistance for working capital need, Ijarah of all types of assets with special emphasis on vehicle and industrial machinery, including securitization of lease portfolio of leasing companies and commercial activities including syndication and leveraged leasing, underwriting of public issue of shares.

The total numbers of shares are 87,217,660. The Earnings per share is (0.06) in 2020 which was 0.03 in 2019. The Profit after Taxation of the Company is (5,402,000) in 2020 which was 2,322,000 in 2019.