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Daily Archives: May 30, 2011

The Bank of Khyber Limited’s Declaration Of Right Shares

Karachi: In order to increase the paid-up capital of the Bank for meeting the Minimum Capital Requirement of the State Bank of Pakistan within the stipulated time, the Board of Directors of The Bank of Khyber Limited (BOK) has approved via circulation issuance of Right Shares on Friday, May 27, 2011 (afternoon). The Board has decided to issue 64.41 Right Shares for every 100 Shares held i.e. 64.41% subject to the approval of Securities and Exchange Commission of Pakistan. The dates pertaining to closure of Share Transfer Books will be communicated separately. For more information, contact: Zahid Sahibzada Company Secretary The Bank of Khyber Limited 24 - The Mall, Peshawar Cantt, 25000 Khyber Pakhtunkhwa, Islamic Republic of Pakistan UAN: +9291 111 95 95 95 Fax: +9291 5278146 Email: ceo@bok.com.pk Web: www.bok.com.pk

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Dewan Sugar Mills Limited’s Financial Results for the Half Yearly, Un-audited, condensed interim Financial Statements of the Company for the period ended March, 2011

Karachi: We have to inform you that the Board of Directors of our company in their meeting held on Friday, May 27, 2011 at 05:00 p.m. at Karachi, recommended the following: (1) Cash Dividend and/or Nil (2) Bonus Shares and/or Nil (3) Right Shares and/or Nil (4) Any Other Entitlement/Corporate Action and/or Nil (5) Any Other Price-Sensitive Information Nil The Half Yearly, un-audited, condensed Interim Financial Statements of the Company for the period ended March 31, 2011, are as follows:   Half Year Ended Quarter Ended Mar. 31, 2011 Mar. 31, 2010 Mar. 31, 2011 Mar. 31, 2010 -----------(Rupees in '000')------ -----(Rupees in '000')-------- Sales 2,380,452 3,964,189 2,380,452 3,235,862 Cost of Sales (2,414,570) (4,028,379) (2,233,163) (3,351,104)   ----------- ----------- ----------- ----------- Gross (Loss)/ Profit (34,118) (64,190) 147,289 (115,242) Administrative and General Expenses (20,249) (28,635) (10,964) (18,848) Distribution and Selling Costs (11,906) (12,329) (11,749) (2,487) Other Operating (Loss)/Income 601 1,125 601 1,031   ----------- ----------- ----------- ----------- (Loss)/Profit from Operations (65,672) (104,029) 125,177 (135,546) Finance Cost (17,469) (5,802) (17,233) (4,215) Impairment Profit/(Loss) charged 9,692 (24,094) (3,550) 8,190   ----------- ----------- ----------- ----------- (Loss)/ Profit before Income Tax (73,449) (133,925) 104,394 (131,571) Taxation (4,224) 57,717 (31,630) 59,748   ----------- ----------- ----------- ----------- Loss / Profit for the period (after Income Tax) (77,673) (76,208) 72,764 (71,823)   ----------- ----------- ----------- ----------- Loss / Profit per Share - Basic (2.13) (2.09) 1.99 (1.97)   ----------- ----------- ----------- ----------- For more information, contact: Muhammad Ilayas Abdul Sattar Chief Financial Officer Muhammad Hanif German Manager Group Corporate Affairs Dewan Sugar Mills Limited Finance and Trade Centre (FTC), 7th Floor, Block-A, Shahra-e-Faisal Karachi-Pakistan. UAN: +9221 111-364-111, Fax: +9221 5630860, Web: www.dewangroup.com.pk

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Ansari Sugar Mills Limited’s Financial Results for the Six-Month Period Ended March 31, 2011

Karachi: We have to inform you that the director of the Company approved the accounts for the Six-Month the period ended March 31, 2011 on May 28, 2011 at Registered office of the company, delaring no dividend for the shareholders. The financial results of the company are as follows.   Six-Month Period Ended Three-months Period Ended 31 March 31 March 31 Marh 31 March 2011 2010 2011 2010 (Rupees) (Rupees) Sales-Net 1,205,455,895 1,341,476,011 1,145,449,224 1,071,775,178 Cost of Sales 1,069,843,081 1,333,370,854 1,028,766,662 1,084,203,290   ------------- ------------- ------------- ------------- Gross (loss)/Profit 135,612,814 8,105,157 116,682,562 (12,428,112) Operating Expenses         Distribution cost 3,338,545 2,069,230 2,929,999 1,937,275 Administrative expenses 28,294,599 23,464,347 15,402,885 13,786,086   ------------- ------------- ------------- ------------- 31,633,144 25,533,577 18,332,884 15,723,361 ------------- ------------- ------------- ------------- Operting (loss)/Profit 103,979,670 (17,428,420) 98,349,678 (28,151,473) Other operating income 4,246,765 2,923,397 1,933,219 1,471,561   ------------- ------------- ------------- ------------- 108,226,435 (14,505,023) 100,282,897 (26,679,912) Finance cost 119,944,955 59,338,466 81,591,127 36,928,294   ------------- ------------- ------------- ------------- (Loss)/Profit before taxation (11,718,520) (73,843,489) 18,691,770 (63,608,206) Provision for taxation (12,054,559) (6,707,380) (11,454,492) (5,358,876)   ------------- ------------- ------------- ------------- (Loss)/Profit after taxatio (23,773,079) (80,550,869) 7,237,278 (68,967,082) (Loss)/Earning per share (0.97) (3.30) 0.30 2.83 For more information, contact: Company Secretary Ansari Sugar Mills Limited H.O. 1st Floor, Block-2, Hockey Club of Pakistan Stadium, Karachi-75350, Pakistan. UAN: +9221 111-666447 Tel: +9221 35655131-4, Fax: +9221 35680533

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Bawany Sugar Mills Limited’s Financial Results for the Three Months Ended December 31, 2011

Karachi: We have to inform you that the director of the Company approved the accounts for the Three-Months period ended December 31, 2011 on May 28, 2011 at registered office of the Company, declaring no dividend for the shareholders. The financial results of the company are as follows.   Three - months Period Ended 31 Dec 31 Dec 2010 2009 (Rupees) Sales -Net - - Toll Manufacturing Income - 6,468,889 Cost of sales 93,610,823 43,972,198   ------------ ------------ Gross (loss)/Profit (93,610,823) (37,503,309) Distribution cost 1,500 - Administrative expenses 2,511,096 2,555,742   ------------ ------------ 2,512,596 2,555,742 ------------ ------------ Operating (Loss)/Profit (96,123,419) (40,059,051) Other operating income 9,370,691 156,028   ------------ ------------ (86,752,728) (39,903,023) Financial cost 638,134 13,757,826   ------------ ------------ (Loss)/Profit before taxation (87,390,862) (53,660,849) Provision for Taxation - (32,344)   ------------ ------------ (Loss)/Profit after taxation (87,390,862) (53,693,193) (Loss)/Earning per share (10.02) (6.15) Financial Results for the Six Months Ended December 31, 2011 Dear Sir, We have to inform you that the director of the Company approved the accounts for the Six-Months the period ended March 31, 2011 on May 28, 2011 at registered office of the Company, declaring no dividend for the shareholders. The financial results of the company are as follows.   Six - months Period Ended three - months Period Ended   31 March 31 March 31 March 31 March   2011 2010 2011 2010   (Rupees) (Rupees)           Sales 666,057,830 666,057,830 -   Toll Manufacturing Income - 100,335,030 - 93,866,141 Cross of Sales 622,683,191 116,637,793 529,072,368 72,665,595   ------------ ------------ ------------ ----------- Gross (loss)/Profit 43,374,639 (16,302,763) 136,985,462 21,200,546 Distribution cost 3,605,385 - 3,603,885 - Administrative expenses 9,624,749 3,574,635 7, 112,153 1,018,893   ------------ ------------ ------------ ----------- 13,230,134 3,574,635 10,716,038 1,018,893 ------------ ------------ ------------ ----------- Operating (loss)/Profit 30,144,505 (19,877,398) 126,269,424 20,181,653 Other operating income 9,457,689 237,745 86,998 81,717   ------------ ------------ ------------ ----------- 39,602,194 (19,639,653) 126,356,422 20,263,370 Finance cost 65,222,107 36,670,884 64,583,973 22,913,058   ------------ ------------ ------------ ----------- (Loss)/Profit before taxation (25,619,913) (56,310,537) 61,772,449 (2,649,688) Provision for taxation (6,660,578) (501,675) (6,660,578) (469,331)   ------------ ------------ ------------ ----------- (Loss)/Profit after taxation (32,280,491) (56,812,212) 55,111,871 (3,119,019) (Loss)/Earning per share (3.70) (6.51) 6.32 (0.36) For more information, contact: Company Secretary Bawany Sugar Mills Limited 1st Floor, Block-2, Hockey Club of Pakistan Stadium, Karaci-75350, Pakistan UAN: +9221 111-606-447 Tel: +9221 35657781-6 Fax: +9221 35680533

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Shahid Raja assumes charge of Federal Secretary Privatisation


Islamabad: Mr. Shahid Hussain Raja, a BPS: 22 officer assumed the charge of the office of Federal Secretary Ministry of Privatisation here today. After joining the office he took round of the office and met all the officers and staff members. While Mr. Imtiaz Hussain Kazi an officer of BPS:21 the Acting Secretary of Privatisation relinquished the charge and joined as acting Secretary Ministry of Water and Power. For more information, contact: Privatisation Commission 5-A EAC Building Constitution Avenue, Islamabad- [...]

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Higher Education Commission Scholar Wins Best Poster Award in United Kingdom


Islamabad: HEC scholar Muhammad Arshad has won Best Poster Award during a competition held at the School of Chemistry, University of Bath, England, UK in which 30 postgraduate students participated. The title of the poster was “Highly Selective Sulfur Ylide Mediated Asymmetric Epoxidations and Aziridinations Using an Inexpensive Chiral Sulfide; Applications to the Synthesis of Quinine and Quinidine.” Quinine is a well-known anti-malarial drug and its synthesis is considered a challenging task. Arshad, who was pursuing his PhD under Split [...]

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United Nation Recognizes Peacekeeper’s with Posthumous Awards


Rawalpindi: Dag Hammarskjold Medals were awarded to the families of 73 peacekeepers, including 8 Pakistanis in a solemn ceremony at UN Headquarters. Eight Pakistani UN Peacekeepers laid down their lives, while serving the cause of peace in hot spots around the world from March 2010 to December 2010. Deputy Permanent Representative of Pakistan to the UN, Mr. Raza Bashir Tarar received the medals on behalf of the deceased families. Captain Mohammad Tahir Khan (UNMIL), Lieutenant Shab Hamid Bajwa (UNMIL), Naib [...]

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