Month: April 2022

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.

Karachi, Agriauto Industries 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 consolidated profit and loss account for quarter ended March 31, 2022 which portrayed a profit of Rs. 96,925 and 257,620 with earnings per share 3.37 and 8.95 basic and diluted respectively.

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

Agriauto Industries Limited is a Public Limited company, was incorporated in Pakistan on June 25, 1981. The Company is automotive components manufacturers in the private sector and also they acquire TS16949 certification.

The Company is engaged in the business of manufacturing and sailing of components for automotive vehicles, motor cycles and agricultural tractors.

The total number of shares they issued are 28,800,000. Earning Per Shares in 2020 is (1.03) which was 20.94 in 2019. The Net Profit Margin percentage has also decreased in 2020 and is (0.79%) which was 8.47% in 2019.

Karachi, Pervez Ahmed Securities 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. 941,758 with earnings per share 0.005 basic and diluted respectively.

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

Pervez Ahmed Securities limited is an investment company/brokerage firm. The company got listed on the Karachi stock exchange on 25 April 2007. The company’s principal activities include Equity Investments, Securities Brokerage, Underwriting, Corporate Finance and Research.

The symbol “PASL” is being used by the stock exchanges for the shares of Pervez Ahmed Securities limited.

Karachi, K-Electric 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. 7,694,566 with loss per share 0.07 basic and diluted respectively.

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

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.

Karachi, Murree Brewery Company Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Hattar 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. 454,329 with earnings per share 16.42 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 09, 2022 to May 11, 2022 (both days inclusive).

Murree Brewery Company Limited was incorporated in 1861, is a large size public limited company in Pakistan. The Company is principally engaged in the manufacturing of alcoholic beer, Pakistan Made Foreign Liquor (PMFL), nonalcoholic beer, aerated water (non-alcoholic products), juices and food products, mineral water, glass bottles and jars. The Company is presently operating three divisions namely Liquor, Tops and Glass to carry out its principal activities.

The total number of shares are 27,663,631. The Earnings per share is 24.61 in 2020 which was 44.21 in 2019. The Profit After Taxation is 681,728,000 in 2020 which was 1,222,938,000 in 2019.

Karachi, Khyber Tobacco Company Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Mardan 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. 65,308,176 with loss per share 13.59 basic and diluted respectively.

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

Khyber Tobacco Company Limited is a public limited company incorporated in Pakistan on October 15, 1954. The Company is engaged in the manufacture and sale of cigarettes and re-drying of tobacco for almost 6 decades.

Khyber Tobacco Company is listed on Pakistan Stock Exchange Limited with the total number of shares which are 4,807,200. The Earning per shares of the Company is 8.02 in 2020 which was (7.96) in 2019. The Profit after Taxation of the Company is 38,537,000 in 2020 which was (38,267,000) in 2019.

Karachi, Oil and Gas Development Company Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Islamabad 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. 43,161,237 with earnings per share 10.03 basic and diluted respectively.

Further, 37.5% payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from May 15, 2022 to May 17, 2022 (both days inclusive).

Oil and Gas Development Company Limited (OGDCL), was incorporated on 23 October 1997. The Company was established to undertake exploration and development of oil and gas resources, including production and sale of oil and gas and related activities formerly carried on by Oil and Gas Development Corporation. The nature of business of the Company is exploration and production of Oil and Gas / Hydrocarbons.

The total number of shares are 4,300,928,400. The Earnings per shares is 23.27 in 2020 which was 27.53 in 2019. The Profit After Taxation is 100,081,671,000 in 2020 which was 118,385,788,000 in 2019.

Karachi, Clover Pakistan 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 profit and loss account for quarter ended March 31, 2022 which portrayed a loss of Rs. 23,370 with loss per share 0.75 basic and diluted respectively.

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

Clover Pakistan Ltd was incorporated in Pakistan on September 30, 1986 as a Public Listed Company. The principal business of the Company is includes sale of food items, consumer durables and also import and trade gantry equipment’s air/oil filter and other car care products.

The total number of shares are 31,143,059. The Earnings per share is (4.98) in 2020 which was 8.11 in 2019. The Profit after Taxation of the Company is (155,218,000) in 2020 which was 252,496,000 in 2019

Karachi, Globe Textile Mills 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 profit and loss account for quarter ended March 31, 2022 which portrayed a profit of Rs. 253 with earnings per share 0.01 basic and diluted respectively.

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

Globe Textile Mills Limited was incorporated on November 17, 1967 as a public limited company. The principal activity of the Company is manufacturing and selling of yarn. The total numbers of shares are 16,367,085. The (0.14) in 2020 which was (0.08) in 2019. The Company had a loss Rs. 2,269,000 in 2020 which was 1,338,000 in 2019.

Karachi, Ellcot Spinning Mills 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. 361,260,737 with earnings per share 32.99 basic and diluted respectively.

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

Ellcot Spinning Mills Limited was incorporated in Pakistan as a Public Limited. The company is a spinning unit engaged in the manufacture and sale of yarn.

The total numbers of shares are 10,950,000. The Earnings per share is 20.63 in 2020 which was 18.70 in 2019. The Profit after Taxation of the Company is 225,879,000 in 2020 which was 204,769,000 in 2019.