Day: February 23, 2023

Karachi, Rupali Polyester Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on February 23, 2022.

The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2022 which portrayed a loss of Rs. 389,548 with loss per share 11.43 basic and diluted respectively.

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

Rupali Polyester Limited was incorporated in Pakistan on 24 May 1980, as a Public Listed Company. It is principally engaged in the manufacture and sale of polyester products.

The Rupali Group is corporation in the Petrochemical industry, producing the primary raw materials for the downstream Textile industry of Pakistan. The Groups is in diversified commercial interests ranging from manufacturing, importing, exporting and catering to producers of various cloth and fabric variants within the Textile Industries. Of these variants, the Group is able to capture a majority of the market share in knitting, weaving, bed sheets, sportswear, and water jet users.

The total numbers of shares are 34,068,500. The Earnings per share is 0.98 in 2020 which was 1.61 in 2019. The Profit after Taxation of the Company is 33,510,000 in 2020 which was 54,975,000 in 2019.

Karachi, Burshane LPG Pakistan Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 23, 2022.

The agenda of the meeting was discussion of unconsolidated profit and loss account for quarter ended December 31, 2022 which portrayed a profit of Rs. 4,489 with earnings per share 0.20 basic and diluted respectively.

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

Bolan casting Limited is a public listed company incorporated and domiciled in Pakistan. The company manufactures and sells casting for tractors and automotive parts. It is a subsidiary of Millat Tractors Limited.

The plant was commissioned in June 1986 with the assistance of Foundry Management & Design Company (FMD), United Kingdom (U.K) and commercial production was started in July, 1986. The plant is located Hub Chowki, District Lasbella, and Baluchistan. The Company was privatized and handed over to a group of management under a joint collaboration of Millat Tractors Limited and the employees of Bolan Castings Limited on 13th June, 1993.

The Company is listed on Pakistan Stock Exchange and the total number of shares are 11,472,529. The Earnings per share is (23.68) in 2020 which was (20.83) in 2019. The Company had a loss of Rs. 271,688,000 in 2020 which was 238, 999,000 in 2019.

Karachi, Faysal Bank Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 23, 2022.

The agenda of the meeting was discussion of consolidated and unconsolidated profit and loss account for quarter ended December 31, 2022 which portrayed a profit of Rs. 11,437,662 and 11,233,168 with earnings per share 7.54 and 7.40 basic and diluted respectively.

Further, 10% payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from March 22, 2023 to March 29, 2023 (both days inclusive).

The Bank was incorporated in Pakistan on October 03, 1994 as a Public Limited Company. Faysal Bank is engaged in Commercial, Retail, Corporate and Islamic banking activities. Faysal Bank’s footprint now spreads over more than 200 cities.

The bank provides products to its customers in the field of personal and business banking. This includes deposits products, retail services, lending and insurance solutions. In the business banking the services related to corporate and agri solutions are provided. The Bank’s branch network of 555 branches includes 414 Islamic branches and 141 conventional branches.

The shares of the Bank are 1,517,696,526. The Earnings per shares of the Company is 4.29 in 2020 which was 3.98 in 2019. The Company had a Profit of Rs. 6,510,505,000 in 2020 which was 6,040,632,000 in 2019.

Karachi, First Imrooz Modaraba informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 23, 2022.

The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2022 which portrayed a profit of Rs. 37,193,000 with earnings per share 12.40 basic and diluted respectively.

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

First Imrooz Modaraba (FIM) was formed on September 27, 1993. It is managed by A R Management Services (Private) Limited. The Modaraba is a multipurpose, perpetual Modaraba and is mainly engaged in domestic and international trading activities.

The total numbers of shares are 3,000,000. The Earnings per share is 11.70 in 2020 which was 8.44 in 2019. The Profit after Taxation is 35,115,000 in 2020 which was 25,312,000 in 2019.

Karachi, Bilal Fibres Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on February 23, 2022.

The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2022 which portrayed a loss of Rs. 4,781,371 with loss per share 0.34 basic and diluted respectively.

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

Bilal Fibres Limited was first established in 1987. The company is limited by shares, incorporated in Pakistan and is quoted on Pakistan stock exchange. The principal business of the company is manufacturing and sale of yarn. The mill is located at 38-KM Sheikhupura Road, Tehsil Jaranwala, District Faisalabad. The current capacity of the project is over 30,000 ring spindles. Bilal Fibres Ltd is also an active member of Lahore Chamber of Commerce and Industry and All Pakistan Textile Mills Association.

The total number of shares are 14,100,000. The Earnings per share is (2.12) in 2020 which was (0.62) in 2019. The Company had a loss of Rs. 29,953,000 in 2020 which was 8,682,000 in 2019.

Karachi, Ellcot Spinning Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on February 23, 2022.

The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2022 which portrayed a profit of Rs. 92,634,900 with earnings per share 8.46 basic and diluted respectively.

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

Ellcot Spinning Mills Limited was incorporated in Pakistan as a Public Limited. The company is a spinning unit engaged in the manufacture and sale of yarn.

The total numbers of shares are 10,950,000. The Earnings per share is 20.63 in 2020 which was 18.70 in 2019. The Profit after Taxation of the Company is 225,879,000 in 2020 which was 204,769,000 in 2019.

Karachi, Towellers Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 23, 2022.

The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2022 which portrayed a profit of Rs. 388,848,689 with earnings per share 22.87 basic and diluted respectively.

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

The company was incorporated in Pakistan as a private limited company on May 31, 1973 and subsequently converted into a Public Limited Company on June 22, 1994. The principle activity of the company is to manufacture and export textile make ups, garments and towels. The company is currently maintains in-house processing, weaving, knitting and finishing facilities.

Incorporated in 1987, the Towellers knit apparel division is vertically integrated unit that manufactures 6 million units annually and has the diversity of producing basic lines along with washed and embellished value added collections

The total numbers of shares are 17,000,000. The Earnings per share is 14.18 in 2020 which was 23.69 in 2019. The Profit after Taxation is 275,894,000 in 2020 which was 402,684,000 in 2019.

Karachi, Dynea Pakistan Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 23, 2022.

The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2022 which portrayed a profit of Rs. 167,932 with earnings per share 8.90 basic and diluted respectively.

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

Dynea Pakistan Limited was incorporated on June 20, 1982 in Pakistan as a Public Limited Company. The Company is principally engaged in the production and sale of formaldehyde, urea and melamine-formaldehyde resins and adhesives, molding compounds and glazing powder. These materials have a wide variety of applications for use in wood-based panels, decorative surfaces and tableware. Dynea’s production is currently spread over two plants located in Hub – Balochistan and Gadoon – Khyber Pakhtunkhwa.

The Shares of the Company in total are 118,872,400. The Earnings per shares of the company is 13.42 in 2020 which was 12.02 in 2019. Their Profit after Taxation is 253,349,000 in 2020 which was 226,901,000.

Karachi, Hamid Textile Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on February 23, 2022.

The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2022 which portrayed a loss of Rs. 4,572,067 with loss per share 0.34 basic and diluted respectively.

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

Hashmi Can Company is in the business of production and sale of tin containers & caps. The company’s manufacturing facilities are in Karachi. The Company is located in Phase VII, DHA, and Karachi
Total number of shares the company has introduced are 1,633,500. The Earnings per share is 82.97 in 2020 which was (2.77) in 2019. The profit after taxation in 2020 is 135,539,000 which was (4,522,000) in 2019.

Karachi, Matco Foods Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 23, 2022.

The agenda of the meeting was discussion of Unconsolidated and consolidated profit and loss account for quarter ended December 31, 2022 which portrayed a profit of Rs. 35,339 and 36,010 with earnings per share 0.29 and 0.29 basic and diluted respectively.

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

Matco Foods Limited was incorporated as a private limited company. The principal activity of the Company is to carry out the business of processing, export of rice, rice glucose, rice protein and trade of biscuits, pink salt, bran oil, masala and kheer.

The total numbers of shares are 122,400,698. The Earnings per share is 1.24 in 2020 which was 3.38 in 2019. The Profit after taxation of the Company is 151,928,000 in 2020 which was 413,836,000 in 2019.

Karachi, Olympia Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 23, 2022.

The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2022 which portrayed a profit of Rs. 2,158,749 with earnings per share 0.18 basic and diluted respectively.

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

The company was incorporated in Pakistan as a public limited company on October 28, 1960. The principal line of business is renting / leasing of company’s fixed assets. The principal line of business of the company is renting / leasing of company’s fixed assets. The registered office of the company is situated Karachi.

The Company has quoted its shares on Pakistan Stock Exchange Limited that are 12,000,000 in numbers. The Earnings per shares of the Company is 5.93 in 2020 which was 4.33 in 2019. The Profit After Taxation is 71,134,000 in 2020 which was 52,001,000 in 2019.

Karachi, Ghandhara 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 February 23, 2022.

The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2022 which portrayed a profit of Rs. 22,090 with earnings per share 0.18 basic and diluted respectively.

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

Ghandhara Tyre and Rubber Company of Pakistan Limited formerly known as “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.