Day: December 29, 2022

Karachi, Mehran Sugar Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on December 29, 2022.

The agenda of the meeting was discussion of Unconsolidated and consolidated profit and loss account for Year ended September 30, 2022 which portrayed a profit of Rs. 289,361,485 and Rs. 289,156,887 with earnings per share 5.34 and 5.33 basic and diluted respectively.

Further, 7.5% payment of cash dividend, 12.5% bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from January 21, 2023 to January 27, 2023 (both days inclusive).

Mehran Sugar Mills Limited was incorporated in Pakistan as a public limited company in December 1965. The Company is principally engaged in the manufacturing and sale of sugar and its by-products.

Mehran Sugar Mills Limited is engaged in manufacturing and marketing of white refined cane sugar and brown sugar while utilizing its by-products such as Molasses and Baggasse to produce ethanol and power respectively.

The total numbers of shares are 48,927,572. The Earnings per share is 1.01 in 2020 which was 8.67 in 2019. The Profit after Taxation is 47,027,000 in 2020 which was 403,834,000 in 2019.

Karachi, Mitchell’s Fruit Farms Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on December 29, 2022.

The agenda of the meeting was discussion of profit and loss account for quarter ended September 30, 2022 which portrayed a loss of Rs. 98,076,816 with loss per share 4.29 basic and diluted respectively.

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

Mitchell’s Fruit Farms Limited was incorporated in Pakistan. It is principally engaged in the manufacture and sale of various farm and confectionery products. The Company was incorporated in 1933 and given the name Indian Mildura Fruit Farms Ltd, a small-scale operation for the processing of citrus fruit into concentrated soft drinks (squashes) and preserves.

After independence, in1948, the company’s name was changed from Indian Mildura Fruit Farms to Mitchell’s Fruit Farms Ltd and the brand name “MITCHELL’S” became the exclusive property of the Pakistani company.

The total number of shares of the Company is 22,875,000. The Earnings per shares of the Company is (7.04) in 2020 which was (10.16) in 2019. The Company had a loss of Rs. 55,445,000 in 2020 which was 80,006,000 in 2019.

Karachi, SME Leasing Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Islamabad on December 29, 2022.

The agenda of the meeting was discussion of profit and loss account for quarter ended September 30, 2022 which portrayed a profit of Rs. 1,910,006 with earnings per share 0.06 basic and diluted respectively.

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

SME Leasing Limited was incorporated as an unlisted public limited company on July 12, 2005. The company, while a still remains a subsidiary of SME Bank Limited has now become a listed Company on Pakistan Stock Exchange. The core Objective of the Company is to extend Lease and Working Capital financing facilities to small and medium enterprises of the country.

The Company was granted the Certificate for commencement of business on January 28, 2003 and under an arrangement with SME Bank Limited, the assets and liabilities of the leasing division of SME Bank Limited were transfer to the Company on January 31, 2003.

The objective for forming SMEL is to contribute monetarily, as much as possible, towards the economics growth of the country and at the same time bringing about cultural change in the uplift of the SME sector by providing client-specific financing facilities.

The Company primarily concentrates on SME sector with a vision to enhance their assets and technology capabilities. it provides a window to the SMEs with one of the largest branch networks in Pakistan. Currently the company has eight branches operating in the major cities of the country.

The symbol “SLL” is being used by the stock exchanges for the shares of SME Leasing Limited.

Karachi, SME Leasing Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Islamabad on December 29, 2022.

The agenda of the meeting was discussion of profit and loss account for quarter ended June 30, 2022 which portrayed a profit of Rs. 8,289,994 with earnings per share 0.26 basic and diluted respectively.

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

SME Leasing Limited was incorporated as an unlisted public limited company on July 12, 2005. The company, while a still remains a subsidiary of SME Bank Limited has now become a listed Company on Pakistan Stock Exchange. The core Objective of the Company is to extend Lease and Working Capital financing facilities to small and medium enterprises of the country.

The Company was granted the Certificate for commencement of business on January 28, 2003 and under an arrangement with SME Bank Limited, the assets and liabilities of the leasing division of SME Bank Limited were transfer to the Company on January 31, 2003.

The objective for forming SMEL is to contribute monetarily, as much as possible, towards the economics growth of the country and at the same time bringing about cultural change in the uplift of the SME sector by providing client-specific financing facilities.

The Company primarily concentrates on SME sector with a vision to enhance their assets and technology capabilities. it provides a window to the SMEs with one of the largest branch networks in Pakistan. Currently the company has eight branches operating in the major cities of the country.

The symbol “SLL” is being used by the stock exchanges for the shares of SME Leasing Limited.