Expereo appoints new General Counsel and SVP of Enterprise Sales as part of continued investment strategy

AMSTERDAM, Aug. 31, 2022 (GLOBE NEWSWIRE) — The world’s leading provider of managed network solutions, Expereo welcomes Sujata Kukreja, General Counsel and Scott Zarriello, SVP Enterprise Sales into its ranks. Both recent appointments come as part of a continued global investment strategy to further tailor solutions and experiences to all regions based on customer demand, while maintaining the same best-in-class service around the world.

“Expereo’s steep growth trajectory has been fueled by a great influx of talent. I am thrilled to announce the expansion of the leadership team with the addition of Sujata and Scott, who will be instrumental in creating seamless customer solutions globally. Scott adds his experience and talent to our dynamic sales leadership team. In his role as our new Senior Vice President of Enterprise Sales, Americas, he will further develop the potential of the American market,” commented Irwin Fouwels, Chief Executive Officer of Expereo.

Sujata Kukreja joins Expereo from Knauf where she was spearheading operations in the APAC region, managing legal and ESG compliance, governance, and risk management. Her wealth of experience in providing practical and innovative regulatory solutions on a global level will be critical in Expereo’s ongoing expansion and international business operations.

“I am passionate about ensuring businesses grow and develop in an ethical and sustainable manner. I am excited to utilize my expertise in my new role and be part of Expereo’s continued success story,” says Sujata Kukreja, new General Counsel of Expereo.

Scott Zarriello joins Expereo from Vodafone where he held the position of VP of Global Sales and US Operations, leading the senior strategic sales team for outsourcing and managed services. His experience of over 30 years within the Technology and Telecommunications industries will be instrumental in aligning Expereo’s global sales strategy while tailoring solutions and service offerings to the regional customer needs.

“Delivering the results our customers need to grow and thrive is my number one priority. I am incredibly excited to join the team at Expereo and continue building on the company’s expertise in connectivity on a global scale with innovative solutions,” commented Scott Zarriello, new SVP of Enterprise Sales at Expereo.

About Expereo
Expereo is a leading global provider of managed network solutions including, Global Internet, SD-WAN/SASE, and Enhanced Internet. With an extensive global reach, Expereo is the trusted partner of 30% of Fortune 500 companies. It powers enterprise and government sites in more than 190 countries, helping customers improve productivity and empowering their networks and cloud services with the agility, flexibility and value of the Internet, with optimal network performance.

Expereo was acquired in Feb 2021, by Vitruvian Partners. The international growth capital and buyout firm acquired a majority shareholding from leading European private equity firm, Apax Partners sas.

For more information visit: www.expereo.com.

Emese Csikai
Senior Account Executive
emese@grammatikagency.com

Board Meeting other than Financial Result of Progressive Insurance Company Limited

Karachi, Progressive Insurance Company Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on September 07, 2022 at Karachi to consider the agenda other than financial result.

Further, the company has declared the closed period from August 31, 2022 to September 07, 2022.

Progressive Insurance was incorporated as a Public Limited Company in ᦇ. The company is engaged in providing general insurance services in shape of fire, marine, motor and miscellaneous.

The total numbers of shares are 8,500,000. The Earnings per share is (0.11) in 2020 which was (0.11) in 2019. The Company had a loss of Rs. 2,227,000 in 2020 which was 2,062,000 in 2019.

Credit of Bonus Share Certificates of Ferozsons Laboratories Limited

Karachi, Ferozsons Laboratories Limited informed Pakistan Stock Exchange that payment of Cash Dividend at the rate of 50% and issue of Bonus of 20% be and are hereby recommended for the year ended June 30, 2022 for consideration and approval by the shareholders in the Annual General Meeting.

Ferozsons Laboratories Limited was incorporated as a private limited company on 28 January 1954 and was subsequently converted into a public limited company. The Company is primarily engaged in the imports, manufacture and sale of pharmaceuticals products and medical devices.

The total numbers of shares are 36,224,209. The Earnings per share is 20.02 in 2021 which was 10.92 in 2020. The Profit after Taxation is 725,235,000 in 2021 which was 395,655,000 in 2020.

Appointment of Chief Financial Officer of Ismail Industries Limited

Karachi, Ismail Industries Limited informed Pakistan Stock Exchange that Mr. Ahmed Raza Parekh has been appointed as Chief Financial Officer of the company with effect from September 01, 2022.

Ismail Industries Limited was incorporated in Karachi, Pakistan as a private limited company on June 21, 1988.On November 01, 1989 the Company was converted into a public limited company. The principal activities of the Company are manufacturing and trading of sugar confectionery items, biscuits, potato chips, cast polypropylene (CPP) and Biaxially-oriented polyethylene terephthalate (BOPET) film under the brands of ‘CandyLand’, ‘Bisconni’, ‘Snackcity’ and ‘Astro films’ respectively.

The total number of shares are 66,356,940. The Earnings per share is 14.49 in 2020 which was 15.15 in 2019. The Profit after Taxation is 931,965,000 in 2020 which was 966,598,000 in 2019.

Resignation of Company Secretary of Fazal Cloth Mills Limited

Karachi, Fazal Cloth Mills Limited informed Pakistan Stock Exchange that Mr. Asad Mustafa has resigned as Company Secretary of the company with effect from August 31, 2022.

Fazal Cloth Mills Limited was incorporated in Pakistan in 1966 as a Public Limited Company. The Company is principally engaged in manufacture and sale of yarn and fabric. The manufacturing facilities are located at Fazal Nagar, Jhang Road, Muzaffargarh and Qadirpur Rawan Bypass, Khanewal Road, Multan in the province of Punjab.

Currently operates 8 Spinning units comprising 252,564 Spindles and 3,660 Open End Rotors and 888 MVS Spindles installed and Air-jet Picanol 224 Looms.

The company produces 8,515 tons of Yarn and 4.16 million yards of fabric per month. Its count range is from Ne 4/1 – Ne 80/1 in carded, combed, compact, core spun, Multitwist / Multicount / Slub, Double and Zero Twist Yarns. These Yarns are produced with Cotton, Rayon, Polyester Cotton, Modal Cotton and Bamboo Cotton fair trade cotton Fibers. It also produces certified SUPIMA, ORGANIC, GIZA, BCI, Cleaner Cotton, LYCRA, USA Cotton MVS Melange Yarns and Fabric.

The total numbers of shares are 30,000,000. The Earnings per share is 13.36 in 2020 which was 50.52 in 2019. The Profit after Taxation of the Company is 400,718,000 in 2020 which was 1,515,503,000 in 2019.

Transaction of 300 shares of Packages Limited

 

Karachi, Packages Limited informed Pakistan Stock Exchange about transaction of shares of the company. 100 shares @ Rs. 395.00 per share were bought from the market on August 31, 2022 and 200 shares @ Rs. 395.00 per share were bought from the market on August 31, 2022 through CDC.

Packages Limited is a public limited company incorporated in Pakistan. It is principally engaged in the manufacture and sale of packaging materials and tissue products. The Company also holds investments in companies.

The total numbers of shares are 89,379,504. The Earnings per share is 31.55 in 2020 which was 15.06 in 2019. The Profit after Taxation of the Company is 2,819,524,000 in 2020 which was 1,346,303,000 in 2019.

Financial results of General Tyre and Rubber Company of Pakistan Limited for Year ended June 30, 2022

Karachi, General Tyre and Rubber Company of Pakistan Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on September 01, 2022.

The agenda of the meeting was discussion of d profit and loss account for year ended June 30, 2022 which portrayed a profit of Rs. 328,918 with earnings per share 2.92 basic and diluted respectively.

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

The General Tyre and Rubber Company of Pakistan Limited (GTR) came into existence in 1963, at Karachi and commenced its production in 1964. The Company was then established by General Tire International Corporation (GTIC) of USA. The Company was incorporated in Pakistan on March 7, 1963 as a private limited company and was subsequently converted into a public limited company. The Company is engaged in the manufacturing and trading of tyres and tubes for automobiles and motorcycles.

GTIC sold 90% of their shares to the present owners M/s Bibojee Services Ltd. in 1977 and retained 10% of the ownership. In 1985, the Company completed a major expansion, which took the capacity to 600,000 tyres annually.

The Company is listed on Pakistan Stock Exchange Limited. The total number of shares of the Company are 121,933,350. The Earnings per shares of the Company is (2.72) in 2020 which was 1.01 in 2019. The Profit after taxation in 2020 is (332,091,000) which was 122,876,000 in 2019.

Financial results of Tandlianwala Sugar Mills Limited for Quarter ended December 31, 2021

Karachi, Tandlianwala Sugar Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on September 01, 2022.

The agenda of the meeting was discussion of d profit and loss account for quarter ended December 31, 2021 which portrayed a profit of Rs. 208,346,987 with earnings per share 1.77 basic and diluted respectively.

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

The Company was incorporated in Pakistan on November 01, 1988 as a public limited company. The principal activity of the Company is production and sale of white crystalline sugar and ethanol.

TSML produces sugar, ethanol and carbon dioxide and produced its first refined sugar in 1992 and have expanded frequently since then. The Sugar operation of the company is began with their mill at Kanjwani, in Punjab’s Faisalabad District. TSML is also Pakistan’s ethanol producer, manufacturing both ENA and REN grades.

The total numbers of shares are 117,706,300. The Earnings per share is (2.39) in 2020 which was 12.30 in 2019. The Profit after Taxation is (281,725,000) which were 1,448,317,000 in 2019.

Financial results of Arif Habib Limited for Year ended June 30, 2022

Karachi, Arif Habib Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on August 31, 2022.

The agenda of the meeting was discussion of consolidated and unconsolidated profit and loss account for Year ended June 30, 2022 which portrayed a profit of Rs. 826,303,250 and Rs. 826,551,794 with earnings per share 12.65 and 12.65 basic and diluted respectively.

Further, 60% payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from October 08, 2022 to October 15, 2022 (both days inclusive).

Arif Habib Limited is a public listed company incorporated in Pakistan. It is a premier brokerage and financial services firm engaged in Equity Trading, Investment Banking, Money Market and Forex, Commodities Trading and Securities Research, and listed at Pakistan Stock Exchange.

Arif Habib Limited’s brokerage operations in Pakistan are assisting scores of Institutional, Corporate, and High Net Worth and Retail clients.

The principal activities of the Company are investments, share brokerage, inter-bank brokerage, Initial Public Offer (IPO) underwriting, advisory and consultancy services. The shares of the Company are quoted in Pakistan Stock Exchange, and the symbol “AHL” is used for the shares of the Company.

The total number of shares the company has issued are 59,400,000 where the Earnings Per Share in 2020 is 1.00 which was (0.95) in 2019. The Profit After Taxation has increased in 2020 and is 59,856,000 which was (62,461,000) in 2019.

Transaction of 624,382 shares of Crescent Cotton Mills Limited

Karachi, Crescent Cotton Mills Limited informed Pakistan Stock Exchange about transaction of shares of the company.278,287 shares @ Rs. 36.00 per share were bought from the market on August 31, 2022 and 346095 shares @ Rs. 36.00 per share were bought from the market on August 31, 2022 through CDC.

The Crescent Cotton Mills Limited is a public limited company incorporated in March, 1959 in Pakistan. The company is engaged in the business of textile manufacturing comprising of spinning, combing, weaving, dyeing, bleaching, printing, stitching, buying, selling and otherwise dealing in yarn, cloth and other goods and fabrics made from raw cotton and synthetic fiber and to generate, accumulate, distribute, supply and sale of electricity.

The total shares of the Company are 80,000,000. The Earnings per share 0.42 in 2020 which was 2.98 in 2019. The Profit after Taxation is 33,599,000 in 2020 which was 238,589,000 in 2019.

Transaction of 5,000 shares of Pakistan General Insurance Company Limited

Karachi, Pakistan General Insurance Company Limited informed Pakistan Stock Exchange about transaction of shares of the company. 5,000 shares @ Rs. 8.80 per share were bought from the market on August 30, 2022 through CDC.

The Pakistan General Insurance Company Limited was incorporated in Pakistan as a public limited company on July 26, 1947. The Company is engaged in providing general insurance services in spheres of Fire and property damage; Marine, aviation and transport, Motor and Miscellaneous.

The company is quoted its shares on Pakistan Stock Exchange Limited with the total number of shares that are 46,401,450. The Earnings per share of the Company (0.90) in 2020 which was (0.42) in 2019. The Company had a loss of Rs. 42,279,000 in 2020 which was 19,530,000 in 2019.

Appointment of Director of Orix Leasing Pakistan Limited

Karachi, Orix Leasing Pakistan Limited informed Pakistan Stock Exchange that Mr. Matsumoto has been appointed as Director of the company with effect from September 01, 2022 in place of Mr. Shin Hamada.

ORIX Leasing Pakistan Limited was incorporated in Pakistan as a private limited company on July 01, 1986 and was converted into a public limited company on December 23, 1987. The Company is licensed to carry out Investment Finance Services as a Non-Banking Finance Company under the Non-Banking Finance Companies Rules, 2003 issued by the Securities and Exchange Commission of Pakistan (SECP).

ORIX Leasing Pakistan Limited (“OLP”) has a joint venture between ORIX Corporation, Japan and local investors. The Company is listed on the Pakistan Stock Exchange. OLP is headquartered in Karachi and has 38 branches situated in 35 cities. Its major shareholder is ORIX Corporation (ORIX) having 49.6% shareholding.

The total number of shares of the Company are 175,407,648. The Earnings per shares is 4.20 in 2020 which was 6.12 in 2019. The Profit After Taxation is 702,222,000 in 2020 which was 1,022,517,000 in 2019.