Day: April 28, 2022

Karachi, Tri-Star Power Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on April 28, 2022.

The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2022 which portrayed a profit of Rs. 3,304,833 with earnings per share 0.22 basic and diluted respectively.

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

Tri-Star Power Limited was incorporated in Pakistan, as a public limited company on November 14, 1990. The principal activity of the company is manufacturing and sale of electricity. The total numbers of shares are 15,000,000. The Earnings per share is 0.38 in 2020 which was 0.31 in 2019. The Profit after Taxation is 5,740,000 in 2020 which was 4,667,000 in 2019.

Karachi, Loads Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on April 28, 2022.

The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2022 which portrayed a profit of Rs. 43,742,446 and 118,587,396 with earnings per share 0.17 and 0.47 basic and diluted respectively.

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

Loads Limited was established on January 1, 1979 as a private limited company with the objective of manufacturing exhaust systems, radiators, and sheet metal components for the automotive industry. The Company was converted to public limited company in January 12, 1994. The company offered its shares to the general public and was listed on Pakistan stock exchange on November 1, 2016.

The Company has four wholly owned subsidiaries, namely, Specialized Autoparts Industries (Private) Limited, Multiple Autoparts Industries (Private) Limited, Specialized Motorcycles (Private) Limited and Hi-tech Alloy Wheels Limited (formerly known as Hi-tech Autoparts (Private) Limited).

The total numbers of shares are 251,250,000. The Earnings per share is (0.91) in 2020 which was 0.27 in 2019 The Profit after Taxation is (137,331,000) in 2020 which was 41,229,000.

Karachi, Thatta Cement Company Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Faisalabad on April 28, 2022.

The agenda of the meeting was discussion of unconsolidated and consolidated profit and loss account for quarter ended March 31, 2022 which portrayed a profit of Rs. 29,045 and 3,538 with earnings per share 0.29 and 0.09 basic and diluted respectively.

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

Thatta Cement Company Limited was incorporated in Pakistan in 1980 as a public limited Company. The Company’s main business activity is manufacturing and marketing of cement. The Company owns shareholding of Thatta Power (Private) Limited.

The manufacturing facility was commissioned in 1982 and the plant is based on dry process technology, had a total installed capacity of 1,000 tons per day of clinker. The plant was supplied by M/s. Mitsubishi Corporation, Japan. In the year 2004, Government of Pakistan divested its shareholding from the company through Privatization Commission.

The plant is located 115 km North East of Karachi at Ghulamullah Road, Makli, and District Thatta. In this respect, TCCL has the mining rights for extracting limestone from 2,364 acres, shale/clay from 1,121 acres and silica sand from 1,239 acres of land, respectively. The Company has further acquired mining rights of limestone for a further area of 1,240.02 acres in December 2010.

The total number of shares of the company is 99,718,125. The Earning per share is (1.58) in 2020 which was 2.14 in 2019. The Profit after Taxation in 2020 Rs. (158,018,000) which was 213,522,000 in 2019.

Karachi, Siddiqsons Tin Plate Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on April 28, 2022.

The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2022 which portrayed a profit of Rs. 46,061,419 with earnings per share 0.20 basic and diluted respectively.

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

Siddiqsons Tin Plate Limited was incorporated in Pakistan on January 29, 1996 as a public limited company by shares. The principal activity of the Company is manufacturing and sale of tin plates, cans and other steel products. Siddiqsons Tin Plate Limited is the Tin Plate Industry in Pakistan. Established in 1999, in collaboration with SOLLAC of France and MITSUBISHI CORPORATION of Japan. The factory is located at special industrial zone, Windhur Baluchistan, 95 kilometer from Karachi.

The project has a capacity to produce 120,000 tons per annum of Tin Plate, which is primarily used for making cans and containers for packaging of cooking oil, fruits, foods, vegetables, sea foods, beverages, lubricant oil and other edible stuff etc.

The total number of shares are 229,278,733. The Earnings per shares of the Company is (0.10) in 2020 which was 0.39 in 2019. The Profit After taxation in 2020 is (23,144,000) which was 86,891,000 in 2019.

Karachi, Shahtaj Textile Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on April 28, 2022.

The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2022 which portrayed a profit of Rs. 96,081,607 with earnings per share 9.95 basic and diluted respectively.

Further, 100% payment of cash dividend, bonus shares and right shares was agreed.

Shahtaj Textile Limited is limited by shares, incorporated in Pakistan on January 24, 1990, as a public limited company. The principal business of the company is to manufacture and sell textile goods.

The mills went into commercial production in January 1992. Their production facilities are situated in the hub of Textile Industries near Lahore (Pakistan) and are equipped with the most advanced high speed Toyoda and Picanol Air Jet Looms of Japanese and Belgium origin. Starting with 72 looms now the number of installed looms is 178 with complete back up process and stand-by self power generation.

The total numbers of shares are 9,660,000. The Earnings per share is 7.51 in 2020 which was 19.47 in 2019. The Profit after Taxation is 72,571,000 in 2020 which was 188,049,000 in 2019.

Karachi, United Insurance Company of Pakistan Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on April 28, 2022.

The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2022 which portrayed a profit of Rs. 308,183,526 with earnings per share 1.04 basic and diluted respectively.

Further, 100% payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from May 12, 2022 to May 15, 2022 (both days inclusive).

The United Insurance Company of Pakistan Limited was incorporated on October 20, 1959, in Pakistan as a Public Limited Company. The principal activity of the Company is General Insurance Business and it qualifies as a domestic insurance company under the Insurance Ordinance, 2000 and undertakes Fire & Property Damage, Marine Aviation & Transport, Motor, Crop and Miscellaneous General Insurance.

The Company has been allowed to carry on Window Takaful Operation on August 18, 2014 by the Securities and Exchange Commission of Pakistan (SECP) under the Takaful Rules, 2012. The Company has not transacted any insurance business outside Pakistan.

The total number of shares are 295,000,044. The Earning per share is 1.41 in 2020 which was 1.54 in 2019. The Profit after tax is 414,555,000 in 2020 which was 401,591,000 in 2019.

Karachi, Netsol Technologies Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on April 28, 2022.

The agenda of the meeting was discussion of unconsolidated and consolidate profit and loss account for quarter ended March 31, 2022 which portrayed a profit of Rs. 164,776 and 148,243 with earnings per share 1.83 and 1.64 basic and diluted respectively.

Further, 100% payment of cash dividend, bonus shares and right shares was agreed.

NetSol Technologies Limited was incorporated in Pakistan on August 22, 1996 as a private company limited by shares, was later on converted into public limited company. Main business of the Company is development and sale of computer software and allied services in Pakistan as well as abroad.

The total numbers of shares are 89,836,923. The Earnings per share is 2.73 in 2020 which was 13.86 in 2019. The Profit after Taxation is 244,840,000 in 2020 which was 1,243,484,000 in 2019.