Day: February 17, 2023

Karachi, Cherat Packaging Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 16, 2023.

The agenda of the meeting was discussion of Unconsolidated and consolidated profit and loss account for quarter ended December 31, 2023 which portrayed a profit of Rs. 42,453 with earnings per share 0.91 basic and diluted respectively.

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

“Cherat Packaging Limited was incorporated in Pakistan as a public company limited by shares in the year 1989. Its main business activities are manufacturing, marketing and sale of paper sacks, polypropylene bags and flexible packaging material.

The total number of shares are 42,506,836. The Earning per share is 1.65 in 2020 which was 13.24 in 2019. The Profit after Taxation of the Company is 70,235,000 in which was 562,873,000 in 2019.”

Karachi, Altern Energy Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 16, 2023.

The agenda of the meeting was discussion of Unconsolidated and consolidated profit and loss account for quarter ended December 31, 2023 which portrayed a loss of Rs. 16,290 and Rs. 1,612,426 with loss per share 0.04 and 2.56 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 March 16, 2023 to March 20, 2023 (both days inclusive).

“Altern Energy Limited was incorporated in Pakistan as a listed public company limited. The Company is subsidiary of Descon Engineering Limited.

The objective of the Company is to generate and supply electric power to the Water and Power Development Authority of Pakistan (WAPDA) from its thermal power plant having a gross capacity of 32 Mega Watts (June 30, 2016 : 32 Mega Watts). The Company also holds direct and indirect investments in other companies engaged in power sector. The registered office of the Company is situated at Descon Headquarters, 18 km, Ferozepur Road, Lahore.

The Shares of the Company are quoted on Pakistan Stock Exchange, and the symbol “ALTN” is being used for the shares of the Company.

The total number of shares the company has issued are 363,380,000. Earning Per Share has increased in 2020 and is 4.65 which was 2.63 in 2019. The Profit After Taxation in 2020 is 1,689,621,000 which was 954,822,000 in 2019.”