Karachi, Sazgar Engineering Works Limited informed Pakistan Stock Exchange about transaction of shares of the company. 30,500 shares @ Rs. 48.76 per share were bought from the market on February 10, 2023 through CDC.
Sazgar Engineering Works Limited was incorporated on 21st September 1991 as a Private Limited Company and later converted into a Public Limited Company on the 21st of November 1994. The Company is engaged in the manufacture and sale of automobiles, automotive parts and household electric appliances.
Sazgar is a premier manufacturer of CNG 4 Stroke Auto Rickshaw (3 Wheelers) and Automotive Wheel Rims. With manufacturing facilities based in Pakistan and a Global Dealer Network, Sazgar is leading the market in Pakistan and also exporting to international markets.
The total number of shares of the Company are 46,496,893. The Earnings per share is 0.96 in 2020 which was 3.04 in 2019. The Profit After Taxation is 27,634,000 in 2020 which was 81,997,000 in 2019.
Karachi, Adamjee Life Assurance Company Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 10, 2023.
The agenda of the meeting was discussion of profit and loss account for year ended December 31, 2022 which portrayed a Profit of Rs. 497,702 with earnings per share 1.99 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 08, 2023 to April 15, 2023 (both days inclusive).
Adamjee Life Assurance Company Limited was incorporated in Pakistan on August 04, 2008 as a public unlisted company. The Company is engaged in life insurance business carrying on non-participating business only.
Karachi, Lotte Chemicals Pakistan Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 10, 2023.
The agenda of the meeting was discussion of profit and loss account for year ended December 31, 2022 which portrayed a Profit of Rs. 10,118,471 with earnings per share 6.68 basic and diluted respectively.
Further, 20% payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from April 07, 2023 to April 13, 2023 (both days inclusive).
Lotte Chemical Pakistan Ltd is a supplier of purified terephthalic acid, an essential raw material used in the polyester industry. Lotte, the South Korean conglomerate, acquired the majority shareholdings in Pakistan PTA Limited (PPTA) in September 2009. Subsequently, the name of the Company was changed to Lotte Chemical Pakistan Ltd.
The plant at Port Qasim, Karachi was built in 1998. It produces Purified Terephthalic Acid (PTA), an essential raw material for Pakistan’s textile and PET packaging industries and forms the backbone of the polyester chain, including Polyester Staple Fibre, Filament Yarn and PET (bottle grade) resin.
The shares of the company are quoted on the Pakistan Stock Exchange Official Site with the total number of shares that are 1,514,207,200. The Earnings per share of the Company is 1.40 in 2020 which was 3.54 in 2019. Their Profit after tax was 2,125,105,000 in 2020 which was 5,360,370,000 in 2019.
Karachi, Johnson and Phillips (Pakistan) Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 10, 2023.
The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2022 which portrayed a loss of Rs. 1,965 with loss per share 0.36 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 February 18, 2023 to February 25, 2023 (both days inclusive).
After the creation of Pakistan in 1947, J&P was the first foreign company to open a sales office in the country. In 1948, J&P opened a small sales office in Karachi. By 1949, J&P had built two production bays and an office block at Sindh Industrial trading Estates, Karachi where it commenced the manufacture of low tension Switchboards incorporating imported circuit breakers and switch-fuses. In 1954, work started on two new productions bays and these were completed early the following year. Jigs were imported and machinery bought to extend the range of manufacture to High Tension Switchboards.
J&P, a pioneer in the electrical development of Pakistan was the first company to manufacture H.T. Oil Circuit Breakers in country, in 1961. In 1958 a further production bay was added to the existing J&P factory, and in September 1961, Some more machinery-jigs, tools and fixtures, were installed at the new production unit and the manufacture of High tension Oil Circuit breakers were commenced. The first two circuit breakers were manufactured in Pakistan were sent to the independent short Circuit Test Station of K.E.M.A. in Holland where they successfully passed the stringent Short Circuit Test to the latest British standards.
In 1968, the J&P product range was diversified to include Distribution Transformers. A unit for the manufacture of Distribution Transformers was added to our factory in 1968. Orders were immediately received from electricity Authorities in Pakistan – WAPDA and the Karachi Electricity Supply Corporation. J&P equipment supplied in 1968 to K-Electric and WAPDA is still operating satisfactory.
The symbol “JOPP” is being used by the stock exchange for the shares of Johnson and Phillips (Pakistan) Limited.
Karachi, Nadeem Textile Mills Limited informed Pakistan Stock Exchange that the nine members have filed themselves as Directors of the Company in their Extraordinary General Meeting will be held on March 20, 2023 at Karachi.
Nadeem Textile Mills Limited was incorporated in Pakistan as public limited company on July 15, 1984. The main business of the Company is manufacture and sale of yarn.
The group is equipped with a total of 72,192 spindles and has established its own power generation plant. The plant provides stable electric power supply to the mill. In addition to selling its yarn locally, the company regularly supplies its yarns to Far East Asia, Europe, Turkey, South East Asia and South Asia markets.
The total numbers of shares are 21,511,985. The Earnings per share is 0.91 in 2020 which was 10.42 in 2019. The Profit after Taxation is 17,545,000 in 2020 which was 200,160,000 in 2019.
Karachi, Habib Bank Limited informed Pakistan Stock Exchange about transaction of shares of the company. 200 shares @ Rs. 77.25 per share were sold in the market on February 09, 2023, 450 shares @ Rs. 77.28 per share were sold in the market on February 09, 2023, 1,500 shares @ Rs. 77.29 per share were sold in the market on February 09, 2023, 1,000 shares @ Rs. 77.31 per share were sold in the market on February 09, 2023, 350 shares @ Rs. 77.30 per share were sold in the market on February 09, 2023, 500 shares @ Rs. 77.40 per share were sold in the market on February 09, 2023 and 1,000 shares @ Rs. 77.50 per share were sold in the market on February 09, 2023 through CDC.
Habib Bank Limited is incorporated in Pakistan and is engaged in commercial banking related services in Pakistan and overseas. The Aga Khan Fund for Economic Development (AKFED), S.A. is the parent company of the Bank and its registered office is in Geneva, Switzerland.
The Government of Pakistan privatized HBL in 2004 through which Aga Khan Fund for Economic Development (AKFED) acquired 51% of the Bank’s shareholding and the management control. The remaining 41.5% shareholding by the GoP was divested in April 2015. AKFED continues to retain 51% shareholding in HBL while the remaining shareholding is held by individuals, local and foreign institutions and funds including CDC Group Public Limited Company which holds 5% and International Finance Corporation which holds 3%.
The Bank is listed on Pakistan Stock Exchange. The shares of the bank are 1,466,852,508. Its Earnings per shares is 21.49 in 2020 which was 10.27 in 2019. Their Profit after Taxation is 31,523,682,000 in 2020 which was 15,064,189,000 in 2019.
Karachi, Cnergyico Pk Limited informed Pakistan Stock Exchange about transaction of shares of the company. 2,000 shares @ Rs. 4.06 per share were bought from the market on January 26, 2023 and 2,000 shares @ Rs. 3.78 per share were sold in the market on February 06, 2023 through CDC.
Cnergyico Pk Limited was incorporated in Pakistan as a public limited company on 09 January 1995 under the repealed Companies Ordinance, 1984. The Company currently operates two business segments namely Oil Refinery Business and Petroleum Marketing Business. Petroleum Marketing Business was formally launched in 2007.
Karachi, Sindh Abadgar’s Sugar Mills Limited informed Pakistan Stock Exchange that Corporate Briefing Session of the Company will be held on February 20, 2023 at Karachi, to brief the investors/analysts about Company Financial Performance and Outlook for the year ended September 30, 2022.
Sind Abadgar’s Sugar Mill Limited was incorporated in Pakistan on January 28, 1984 as a public limited company. The Company is principally engaged in the manufacturing and sale of sugar. During the year ended September 1997, SASML acquired ISO-9001-2015 Certification.
The total numbers of shares are 10,425,000. The Earnings per share is (15.87) in 2020 which was 4.76 in 2019. The Profit After Taxation in 2020 is (165,396,000) in 2020 which was 49,654,000 in 2019.
NEW YORK, Feb. 09, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Daktronics, Inc. (NASDAQ: DAKT) between March 10, 2022 and December 6, 2022, both dates inclusive (the “Class Period”), of the important February 21, 2023lead plaintiff deadline.
SO WHAT: If you purchased Daktronics securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Daktronics class action, go to https://rosenlegal.com/submit-form/?case_id=10608 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 21, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose, among other things, that: (1) the Company was experiencing challenges that increased costs, including supply chain disruptions, that impacted Daktronics’ ability to fund inventory levels and operations; (2) as a result, it was probable that some portion of the Company’s deferred tax assets would not be realized; (3) as a result, Daktronics was reasonably likely to record a material valuation allowance to its deferred tax assets; (4) there were material weaknesses in the Company’s internal controls over financial reporting related to income taxes; (5) the foregoing presented liquidity concerns and there was substantial doubt as to the Company’s ability to continue as a going concern; and (6) as a result of the foregoing, Defendant’s positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the truth emerged, the lawsuit claims that investors suffered damages.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm’s attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors.
Attorney Advertising. Prior results do not guarantee a similar outcome.
NEW YORK, Feb. 09, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Enovix Corporation (NASDAQ: ENVX) between February 22, 2021 and January 3, 2023, both dates inclusive (the “Class Period”), of the important March 7, 2023 lead plaintiff deadline.
SO WHAT: If you purchased Enovix securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Enovix class action, go to https://rosenlegal.com/submit-form/?case_id=10931 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than March 7, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants overstated Enovix’s ability to produce batteries at scale, touting the Company’s “meaningful progress” in scaling up its manufacturing facility, and its being positioned to deliver batteries ahead of competitions, despite its continued manufacturing issues.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
