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Daily Archives: May 30, 2011

Noon Sugar Mills Limited’s Half Yearly Financial Results for the Period Ended 31 March 2011

Karachi: We have to inform you that the Board of Directors of the Company in their meeting held at Lahore on 30 May, 2011 recommended the following: 1. Cash Dividend Nil 2. Bonus Issue Nil 3. Right Shares Nil 4. Any Other Entitlement, Corporate Action Nil 5. Any Other Price Sensitive Information Nil The financial results of the Company are attached. Condensed Interim Profit And Loss Account (Un-Audited) for the Quarter and Half Year Ended 31, March 2011   for the 2nd Quarter Cumulative   Jan - Mar Jan - Mar Oct - Mar Oct - Mar   2011 2010 2011 2010 Note Rupees in thousand           Sales - Net 1,146,022 532,196 1,636,819 896,729 Cost of Sales 982,752 556,366 1,391,428 881,490   ---------- ---------- ---------- ---------- Gross Profit/ (Loss) 136,270 (24,170) 245,337 15,239 Distribution and Marketing Cost 22,861 11,094 25,181 12,510 Administrative Expenses 21,303 19,220 36,012 36,000 Other Operating Expenses 4,458 511 8,309 1,020 Other Operating Income (529) (530) (4,431) (1,238)   ---------- ---------- ---------- ---------- 48,093 30,295 65,071 48,292 ---------- ---------- ---------- ---------- Profit / (Loss) From Operations 115,177 (54,465) 180,266 (33,053) Finance Cost 51,971 29,842 76,249 48,844   ---------- ---------- ---------- ---------- Profit/ (Loss) Before Share of         Profit from an Associated         Company and Taxation 63,206 (84,307) 104,017 (81,897) Associated Company - Net of taxation 2,212 4,802 2,212 4,802   ---------- ---------- ---------- ---------- Profit / (Loss) Before Taxation 65,418 (79,505) 106,229 (77,095) Taxation                                          10 11,497 3,220 16,405 5,043   ---------- ---------- ---------- ---------- Profit / (loss) after taxation 53,921 (82,725) 89,824 (82,138) Other comprehensive income 0 0 0 0   ---------- ---------- ---------- ---------- Total comprehensive income/         (loss) for the period 53,921 (82,725) 89,824 (82,138)   ---------- ---------- ---------- ---------- Rupees       Earnings / (Loss) Per Share 3.26 (5.01) 5.44 (4.97)   ---------- ---------- ---------- ---------- For more information, contact: Syed Anwer Ali Company Secretary Noon Sugar Mills Limited 86- Garden Block, New Garden Town, Lahore Tel: +9242 5831462-53 Fax: +9242 5831462 Website: www.noonsugar.com E-mail: shares@noonsugar.com

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PICIC Insurance Limited’s Disclosure as Target Company under Regulation 5 of the Listed Companies Substantial Acquisition of Voting Shares and Take-overs Regulations, 2008

Karachi: In accordance with Regulation 5 of the Listed Companies (Substantial Acquisition of Voting Shares and Take-Overs) Regulations, 2008, we are pleased to convey the following information: We received from Next Capital Limited, as Manager to the O...

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Colony Sugar Mills Limited’s Declaration of Financial Results for the Half Year Ended March 31, 2011

Karachi: We have to inform you that Board of Directors of the company declared following financial results for the half year ended March 31, 2011 in their meeting held on Saturday, May 28, 2011 at 11.30 a.m. at Ismail Aiwan-e-Science Building, 205-Ferozepur Road, Lahore:   Half Year Ended Second quarter ended March 31 March 31 2011 2010 2011 2010 Rupees in thousand Sales - net 3,521,086 1,963,274 2,606,752 658,103 Cost of sales 3,095,283 1,752,607 2,374,089 645,375   --------- --------- --------- --------- Gross Profit 425,803 210,667 232,663 12,728 Operatng expenses         Administrative and general expense 58,286 48,874 32,643 25,216 Distribution and marketing expense 79,114 36,244 34,500 26,155   --------- --------- --------- --------- 137,400 85,118 67,143 51,371 --------- --------- --------- --------- 288,403 125,549 165,520 (38,643) Other operating income 5,063 3,372 4,998 1,010   --------- --------- --------- --------- Operating profit/(loss) 293,466 128,921 170,518 (37,633)   --------- --------- --------- --------- Finance Cost 219,419 201,030 116,478 100,826 Workers'profit participation fund 3,702 - 2,702 (3,318)   --------- --------- --------- --------- 223,121 201,030 119,180 97,508 --------- --------- --------- --------- Profit/(loss) before taxation 70,345 (72,109) 51,338 (135,141) Provision for taxation 38,227 (9,471) 29,031 (17,100)   --------- --------- --------- --------- Profit/(loss) for the period 32,118 (62,638) 22,307 (118,041)   --------- --------- --------- --------- Earnings/(Loss) per share - basic         (Rupees) 0.32 (0.63) 0.23 (1.19)   --------- --------- --------- --------- Directors have not recommended Cash dividend, Bonus/Right shares. For more information, contact: Abdul Mansoor Khan Company Secretary Colony Sugar Mills Limited Ismali Aiwan-e-Science Building, 205-Ferezepur Road, Lahcre-54600, Pakistan Tel: +9242 111-Colony Fax: +9242 576-3246 E-mail: info@colonysugar.com

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Husein Sugar Mills Limited’s Issuance of Right Shares

Karachi: We are pleased to inform to that unpaid letter of rights (LOR) of those shareholders having shareholding through CDS have been credited into book entry form at the close of business on 27 May 2011 through CDC right offer procedure to respective account holders, sub-account holders and IAS account holders on the shareholding as of 19 May 2011. Schedules, payment procedure and payment schedule are as under: Details of Trading, Subscription and Credit of right securities for CDS Account holders: Activities Date Date of commencement of trading of unpaid right at Stock Exchange(s) 06.06.2011 Last date of trading of unpaid right 08.07.2011 Subscription of right offer start date 30.05.2011 Last date of subscription of right offer 15.07.2011 Date of credit of right shares into CDS 30.07.2011 Payment Procedures: 1) Banker(S) To the Right Issue: MCB Bank Limited (All authorized branches through out Pakistan) 2) Exercising the Right Offer in CDS: a) For subscription of right offer CDS account holder will request in writing to his CDC participant / IAS Dept to initiate Right Subscription Request into CDS on his behalf and CDC participant / IAS department will provide him two copies of Right Subscription Request printouts enabling him to make the payment with authorized banker(s) to the right issue. b) Right Subscription Request can be initiated for full or partial right offer. 3) Payment: a) Payment as indicated on Right Subscription Request should be made by cash or crossed cheque or demand draft or pay order made out to the credit of "Husein Sugar Mills Limited (HUSS) Right Shares Subscription Account” through any of the authorized branches of above mentioned bank(s) on or before 15.07.2011 along with Right Subscription Request duly filled in and signed by the subscriber(s). b) In case of Non-Resident Pakistani / Foreign shareholder, the demand draft of equivalent amount in Pak Rupees should be sent to the Company Secretary, Husein Sugar Mills Limited at the registered office of the company along with Right Subscription Request (both copies) duly filled and signed by the subscriber(s) with certified copy of NICOP / Passport well before the last date of payment. c) All cheques and drafts must be drawn on a bank situated in the same city where Right Subscription Request is deposited. Cheque is subject to realization. d) The Bank will not accept Right Subscription Request delivered by post which may reach after the closure of business on 15.07.2011, unless evidence is available that these have been posted before the last date of payment. 4) Acceptance of Payment through Right Subscription Request: a) Payment of the amount indicated on Right Subscription Request to the Company's Banker(s) to the issue on or before 15.07.2011 shall be treated as acceptance of the Right offer. b) Two copies of Right Subscription Requests should be handed over to the Company's Banker(s) to the issue intact. Client's copy of Right Subscription Request will be returned to the subscriber whilst issuers copy will be retained by the Banker for onward transmission to the Company. The Client’s copy must be preserved and retained safely by the subscriber. For more information, contact: Syed Arif Hussain Company Secretary Husein Sugar Mills Limited 30 A/E-1, Old FCC, Gulberg III, Lahore. Tel: +9242 35762089-90, 35878153 Fax: +9242 5712680 Website: www.huseinsugarmills.com E-mail: info@huseinsugarmills.com

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D.G. Khan Cement Company Limited’s Issuance of 73,019,853 Right Shares (i.e. 20%) To Be Paid At Rs.20/- Per Share

Karachi: In compliance with clause of your letter # C-838 1122 dated February 17, 2011, we are pleased to inform you that a sum of Rs. 1,399,921,180/= has been received against total offer of Rs.1,460,397,060/= for issue of 73,019,853 ordinary right shares @ 20% to be paid at Rs.20/= per share (including premium of Rs. 10/- per share) upto last date of payment i.e. May 23, 2011 and a sum of Rs. 60,475,880/= for 3,023,794 ordinary right shares remained unsubscribed. The board of Directors in their meeting held on May 27, 2011 has approved to offer and allot the unsubscribed portion of 3,023,794 right shares at Rs. 20/- per share which has been subscribed on May 28, 2011. IIence the total amount of Rs. 1,460,397,060/- against issue of 73,019,853 right, shares has been received. In this respect we are submitting herewith Auditor's Certificate dated. May 28, 2011 confirming Receipt of total subscription of Rs. 1,460,397,060 /= against total right issue of 73,019,853 ordinary shares. In view of above, we request you to please issue NOC in the name of MCB Bank Limited, Shares Floatation Department, Mezzanine Floor, Adamjee House, I.I. Chundrigar Road, Karachi, the banker to the right issue, for release of amount of right subscription. D.G. Khan Cement Company Limited (“the Company Auditors’ Certificate on subscription of right issue”) At the request of the Company, we have examined the books of account and relevant records maintained by the Company regarding issue of right shares. We report that the Company has received subscription money amounting to Rs. 1,460,397,060 against issue of 73,019,853 ordinary right share of Rs. 10 each issue at Rs. 20 per share (inclusive of premium of Rs. 10 per share). After the said right issue, the paid up share capital of the Company will be Rs. 4,381,l91,l80. For more information, contact: Khalid Mahmood Chohan Company Secretary D.G Khan Cement Company Limited Nishat House, 53-A, Lawrence Road, Lahore - Pakistan. UAN: +9242 111 113 233, Tel: +9242 36367812, Fax: +9242 36367414 E-mail: info@dgcement.com

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