Day: May 11, 2022

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Cancellation of Board Meeting and Closed Period of Byco Petroleum Pakistan Limited

Karachi, Byco Petroleum Pakistan Limited informed Pakistan Stock Exchange that the meeting of the board of directors of the company to be held on May 16, 2022.

Further, the company has declared the closed period from May 11, 2022 to May 16, 2022.

Byco Petroleum Pakistan Limited was incorporated in Pakistan as a public limited company on January 09, 1995. The Company currently operates two business segments namely Oil Refinery Business and Petroleum Marketing Business and logistics. Petroleum Marketing Business was formally launched in 2007. Byco has refining capacity of 155,000 barrels a day, converting crude oil into various saleable components including Liquefied Petroleum Gas, Light Naphtha, Heavy Naphtha, High Octane Blending Component, Motor Gasoline, Kerosene, Jet Fuels, High Speed Diesel and Furnace Oil.

The total number of shares the company has introduced are 5,329,884,706. The Earnings per share is (0.46) in 2020 which was (0.32) in 2019. The Company has a loss of 2,430,499,000 in 2020 compare to 1,683,700,000 in 2019.

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Transaction of 476,311 shares of EFU Life Assurance Limited

Karachi, EFU Life Assurance Limited informed Pakistan Stock Exchange about transaction of shares of the company. 476,311 shares @ Rs. 0.00 per share were gift-out the market on May 11, 2022.

EFU Life Assurance Limited is a Public Limited company incorporated in Pakistan on August 9, 1992. The company is engaged in life insurance business which includes ordinary life business, pension fund business and accident and health business. It is a subsidiary of EFU General Insurance Ltd.

The Government of Pakistan reopened the life insurance business to the private sector organizations and EFU Life Assurance Ltd started operations in November 1992.

The Shares which the company has introduced are 100,000,001. The Earnings per shares of the company has increased in 2020 and is 17.84 which was 15.49 in 2019. Their Profit after Taxation is 1,784,150,000 in 2020 which was 1,549,264,000 in 2019.

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Closure of Book of Telecard Limited

Karachi, Telecard Limited informed Pakistan Stock Exchange that the closure of books of the company shall remain closed from May 12, 2022 to May 18, 2022 (both days inclusive).

Telecard Limited Company was incorporated in Pakistan on October 29, 1992 as a public limited company. The Company itself and through its subsidiaries is licensed to provide fully integrated telecommunications services, including basic wireless telephony, long distance and international services and payphones.

Launched in the mid 90’s as a payphone operator, Telecard has evolved over the years to become Telecom operator in Pakistan; with licensed Long Distance & International and Local Loop Services combined with end-to-end corporate voice and data solutions.

The Company is listed on Pakistan Stock Exchange with the total numbers of shares i.e. 300,000,000. The Earnings per shares is (0.36) in 2020 which was (0.20) in 2019. The Company had a loss of Rs. (109,288,000) in 2020 which was (60,469,000) in 2019.

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Transaction of 900 shares of Ibrahim Fibres Limited

Karachi, Ibrahim Fibres Limited informed Pakistan Stock Exchange about transaction of shares of the company. 900 shares @ Rs. 170.00 per share were bought from the market on May 09, 2022 through CDC.

Ibrahim Fibres Limited was incorporated in Pakistan as a Public limited company. The principal business of the company is to manufacture and sell polyester staple fibre and yarn.

Polyester Plant manufacturing operations are staggered in three production lines located within the same premises, at 38th K.M. Faisalabad – Sheikhupura Road, Faisalabad and are spread over an area of more than 100 acres of land with a capacity to produce 390,600 tons per annum of Polyester Staple Fibre (PSF).

The total numbers of shares are 310,506,995. The Earnings per share is (4.17) in 2020 which was 3.22 in 2019. The profit after Taxation is (1,295,482,000) in 2020 which was 998,493,000 in 2019.

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Transaction of 13,736,854 shares of EFU General Insurance Limited

Karachi, EFU General Insurance Limited informed Pakistan Stock Exchange about transaction of shares of the company. 6,868,427 shares @ Rs. 0.00 per share were gift-out the market on May 11, 2022 and 6,868,427 shares @ Rs. 0.00 per share were gift-in the market on May 11, 2022.

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.

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Transmission of Quarterly Report for the Period Ended March 31, 2022 of S.G. Power Limited

Karachi, S.G. Power Limited informed Pakistan Stock Exchange that Quarterly Report of the Company for the period ended March 31, 2022 have been transmitted through PUCARS and is also available on Company’s website.

SG Power Limited has been an electricity generating unit to supply the electricity to its associated company SG Fibre Limited.

The symbol “SGPL” is being used by the stock exchange for the shares of SG Power Limited.

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Credit of Bonus Share of Atlas Insurance Limited

Karachi, Atlas Insurance Limited informed Pakistan Stock Exchange that the share certificates in respect of Bonus Shares announced on February 25, 2022 have been credited to their respective accounts in the Central Depository System of Central Depository Company of Pakistan Limited on May 10, 2022.

Atlas Insurance Limited was incorporated as a public limited company on September 06, 1934. The Company is a subsidiary of Shirazi Investments Private Limited. The Company was granted license to work as Window Takaful Operator (WTO) by the Securities and Exchange Commission of Pakistan (SECP) under Takaful Rules, 2012 to carry on Window Takaful Operations in Pakistan.

The Company is engaged in general insurance business. The Principal activity of the Company is to provide PTF policy, Fire, Marine, Motor Cycle Accident, Liabilities of Product and Public, Health, Travel and Miscellaneous.

The total shares company has issued are 84,895,279. The Earnings per shares of the Company is 7.60 in 2020 which was 7.34 in 2019. The Company got Profit after Taxation of Rs. 645,427,000 in 2020 which was Rs. 623,256,000 in 2019.

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Financial results of S.G. Power Limited for Quarter ended March 31, 2022

Karachi, S.G. 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. 177,962 with earnings per share 0.01 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 28, 2022 to April 30, 2022 (both days inclusive).

SG Power Limited has been an electricity generating unit to supply the electricity to its associated company SG Fibre Limited.

The symbol “SGPL” is being used by the stock exchange for the shares of SG Power Limited.

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Financial results of SG Allied Businesses Limited for Quarter ended March 31, 2022

Karachi, SG Allied Businesses 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 loss of Rs. 4,051,347 with loss per share 0.27 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 28, 2022 to April 30, 2022 (both days inclusive).

SG Allied Businesses Limited (Formerly S.G. Fibre Ltd) emerged as a Private Limited Company on December 11, 1968, with the name of SG Rayon Mills that later converted into a Public Limited Company on March 16, 1994 and renamed as SG Fibre Limited on November 3, 1994.

SG Allied Businesses Limited (Formerly S.G. Fibre Ltd) was listed on the Karachi Stock Exchange on March 28, 1996 and just after a year of its enlistment the Company’s share became highest among the category of Filament Yarn Manufacturers on the Exchange.

SG Allied Businesses Limited (Formerly S.G. Fibre Ltd) has been one of the most modern and technologically advance Polyester Filament Yarn Manufacturer in Pakistan. Our Mill was equipped with the World’s Leading Machineries which is coupled with the highest competence of Technological Support and that is what used in the Production of our Specialty Yarn.

The Quality of our products remained widely recognized among the work of other Filament Yarn Manufacturers and it catered a sphere of Clients around the world.

We were the first company to start High Quality Polyester Fabric Jet Dyeing in Pakistan in 1977-1978 and it was the sole business of the company up to the year 1982. In the same year Our Polyester Yarn Manufacturing Unit started the Production of Pre-Oriented Yarn (POY) for the First time in Pakistan.

Lately, due to adverse economic conditions the Filament Yarn industry faced difficulties so as to remain a viable venture. Recently, the Company has diversified its business activities towards more lucrative options such as agriculture based products and cold storage; aligning to this diversification, the Company has been restyled as “SG Allied Businesses Limited”.

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Credit of Interim Cash Dividend of Engro Polymer and Chemicals Limited

Karachi, Engro Polymer and Chemicals Limited informed Pakistan Stock Exchange that the interim cash dividend @ Rs. 5.00 per share i.e. 50% for the year ending December 31, 2021 has been credited electronically into the designated bank accounts of the shareholders of the Company on May 11, 2022.

Engro Polymer and Chemicals Limited was incorporated in Pakistan in 1997. The Company is a subsidiary of Engro Corporation Limited, which is a subsidiary of Dawood Hercules Corporation Limited.

The Company’s principal activity is to manufacturing, marketing and sale of Poly Vinyl Chloride (PVC), Vinyl Chloride Monomer (VCM), Caustic soda and other related chemicals. The Company is also engaged in the supply of surplus power generated from its power plants to Engro Fertilizers Limited.

The company is listed on Pakistan Stock Exchange and the shares of the Company are 908,923,333. The Earnings per shares of the Company is 6.28 in 2020 which was 4.07 in 2019. Their Profit after Taxation is 5,712,245,000 in 2020 which was 3,703,502,000 in 2019.

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Credit of Final Cash Dividend of The Jahangir Siddiqui and Co. Limited

Karachi, The Jahangir Siddiqui and Co. Limited informed Pakistan Stock Exchange that the interim cash dividend @ Rs. 0.28273972 per share i.e. 2.82739726% for the year ending December 31, 2021 has been credited electronically into the designated bank accounts of the shareholders of the Company on May 11, 2022.

Jahangir Siddiqui & Co. Ltd. (JSCL) is primarily an investment company in financial services and also makes long term investments in growing companies in Pakistan. In financial services, its investments cover all sectors including asset management, commercial banking, investment banking, Islamic banking, securities brokerage and insurance. JSCL also benefits from strategic long term investments including in technology, transportation, media, and industrial sector companies.

The Company is now listed on Pakistan Stock Exchange Limited and quoted shares of it that are 915,942,388. The Earnings per shares of the Company is 1.32 in 2020 which was 0.39 in 2019. Their Profit after Taxation is 1,205,007,000 in 2020 which was 359,810,000 in 2019.

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Board Meeting other than Financial Result of Ashfaq Textile Mills Limited

Karachi, Ashfaq Textile Mills Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on May 20, 2022 at Karachi to consider the approve Annual Budget for the Year 2019-2020.

Further, the company has declared the closed period from May 13, 2022 to May 20, 2022.

Ashfaq Textile Limited was incorporated in Pakistan on January 14, 1988 as a private limited company and subsequently converted into a public limited company. The business of the Company is manufacturing and sale of textiles and rendering of sizing and conversion services.

The total numbers shares are 38,483,500. The Earnings per share is 0.43 in 2020 which was 0.10 in 2019. The Profit after Taxation is 15,095,000 in 2020 which was 3,454,000 in 2019.