February 2012 – Page 3 – AsiaNet-Pakistan

February 29, 2012

The Climax Engineering Company Limited’s financial results for the six months and quarter ended December 31, 2011

Karachi: We have to inform you that the Board of Directors of cur Company in their Meeting held on February 28, 2012 at 3:00 P.M. at the registered office at The Climax Engineering Company Limited (CLIM), G.T. Road, Gujranwala recommended the following:

1) No Entitlement was recommended

2) The Financial Results of the Company are as follows:

The Climax Engineering Company Limited

Condensed Interim Profit and Loss Account (Un-Audited)

For The Six Months and Quarter Ended December 31, 2011

	(Rupees in thousand)
	DEC 31,	DEC 31,
	2011	2010
Sales	56,890	105,833
Cost of Goods Sold	54,586	97,351
	——–	———
Gross Profit	2,304	8,482
Operating Expenses:
Distribution and selling cost	958	5,470
Administrative and General	7,871	9,418
	——–	———
	8,829	14,888
	——–	———
Operating Loss	(6,525)	(6,406)
Other Operating Income	1,129	208
	——–	———
	(5,396)	(6,198)
Finance Cost	4,450	5,332
	——–	———
Loss Before Taxation	(9,846)	(11,530)
Taxation	580	1,060
	——–	———
Loss For The Period	(10,426)	12,590)
	——–	———
Loss Per Share Basic (In Rupees)	(3.15)	(3.80)

The Share Transfer Books of the Company was closed from February 22, 2012 to February 22, 2012 (both days inclusive). Transfers received at the share department of The Climax Engineering Company Limited, at the close of business on February 21, 2012 was treated in time for the purpose of above entitlement to the transferees.

We will be sending you 300 copies of printed Accounts for distribution amongst the members of exchange.

For more information, Contact:
The Climax Engineering Company Limited
Climax bad, G. T. Road,
GUJRANWALA, (PAKISTAN)
Phone: 92-(055) 3253612-14
Fax: 92- (055) 3254222-3257423

February 29, 2012

The Karachi Stock Exchange (Guarantee) Limited’s notice of suspension of CDS eligibility of ordinary shares of Javed Omer Vohra and Company Limited under the CDC regulations

Karachi: The Chief Executive Officer, Javed Omer Vohra and Company Limited

In view of non submission of R/TA Reconciliation Report by Javed Omer Vohra and Company Limited (hereinafter referred to as the Issuer) for financial year ended June 30, 2011 despite our follow ups and notice dated January 26, 2012 under Regulation 13.7.1 of the CDC Regulations allowing further 3 Business Days to Comply with the said notice, fine was imposed on the Issuer where an invoice was raised in this regard.

As the Issuer is continuously in default of the said regulatory requirement, this failure on its part is construed contravention of the CDC Regulations, this giving rise to Regulation 5.3.1 of the CDC Regulations, which authorize CDC of take action including suspension of CDS Eligibility of Securities of the Issuer in respect of which non-compliance or contravention has occurred.

In view of the above CDC has decided to suspend the CDS Eligibility of Ordinary Shares (Security Symbol: JOVC) of the Issuer with immediate effect.

Please note that this suspension is in addition to the suspension imposed pursuant to our notice dated November 10, 2011. This suspension shall remain in force till such time the causes of both the suspension are removed by the Issuer in every respect.

For more information, Contact:
Karachi Stock Exchange
Tel: (92-21) 111-001122
Fax: (92-21) 3241 0825, (92-21) 3241 5136
Email: info@kse.com.pk
Web: www.kse.com.pk

February 29, 2012

Atlas Insurance Limited’s rescheduling of board meeting and closed period

Karachi: We refer to our letter SC1038/2012 dated February 24, 2012, whereby we had communicated to the exchange regarding postponement of our Board meeting, which was previously scheduled to be held on February 29, 2012.

This is to inform you that the meeting of the Board of Directors of the Company has been rescheduled and will now be held on March 8, 2012, at 11:00 am at Federation House, Clifton, Karachi, to consider audited financial statements of the Company for the year ended December 31, 2011.

The Company has declared the “Closed Period” from March 2, 2012 to March 8, 2012 (both days inclusive) as required under Clause (xxvi) of the Code of Corporate Governance contained in the Listing Regulation No. 37 of the Exchange. Accordingly, no Director, CEO or executive shall, directly / indirectly, deal in the shares of the Company in any manner during the Closed Period.

For more information, Contact:
Atlas Insurance Limited
3-Bank Square,
Shahrah-Quaid-e-Azam,
Lahore – 5400, Pakistan
Ph: +92 (42) 3732 0542- 3
Fax: +92 (42) 3732 4742

February 29, 2012

Punjab Oil Mills Limited’s financial results for the half year ended December 31, 2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on Wednesday, February 29, 2012 at 11:00 A.M. at Plot No. 26-28, Industrial Triangle, Kahuta Road, Islamabad, have approved Half Yearly Accounts for the period Ended 31-12-2011.

i) Cash Dividend Nil

ii) Bonus Issue Nil

iii) Right Shares Nil

Comparative Financial Results are as under:-

	Six months period ended		Three months period ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2011	Dec. 31, 2010
	Rupees	Rupees	Rupees	Rupees
Sales – net	2,115,935,494	1,796,978,016	1,083,316,117	981,399,672
Cost of sales	2,001,962,988	1,658,535,462	1,013,830,470	898,197,734
	————-	————-	————-	———–
Gross profit	113,972,506	138,442,554	69,485,647	83,201,938
Operating expenses:
Selling and distribution cost	30,160,787	34,800,467	12,460,752	18,579,878
Administrative expenses	28,916,038	27,014,977	15,032,930	13,917,276
	————-	————-	————-	———–
	59,076,825	61,815,444	27,493,682	32,497,154
	————-	————-	————-	———–
Operating profit	54,895,681	76,627,110	41,991,965	50,704,784
Finance cost	2,581,692	603,120	946,976	193,921
Other operating charges	4,006,488	5,616,908	3,009,483	3,653,387
	————-	————-	————-	———–
	6,588,180	6,220,028	3,956,459	3,847,308
	————-	————-	————-	———–
	48,307,501	70,407,082	38,035,506	46,857,476
Other operating income	1,448,711	1,539,332	641,946	678,967
	————-	————-	————-	———–
Profit before taxation	49,756,212	71,946,414	38,677,452	47,536,443
Taxation	37,254,668	26,145,410	16,350,099	14,468,054
	————-	————-	————-	———–
Profit after taxation	12,501,544	45,801,004	22,327,353	33,068,389
	————-	————-	————-	———–
Earnings per share	(Restated)		(Restated)
– basic and diluted	2.32	9.92	4.14	7.16

We will be sending you 300 printed copies of the Half Yearly Accounts for the 2nd Quarter ended December 31, 2011, for the distribution amongst your members.

For more information, Contact:
Punjab Oil Mills Limited
26-28 Industrial Triangle
Kahuta Road Islamabad,
Phone: 051-4490017-20
Fax: 051-4490016
P. O. Box. 1321 Rawalpindi
E-mail: info@punjaboillmills.com
Web: www.punjaboilmills.com

February 29, 2012

Resham Textile Industries Limited’s financial results for the six months period ended 31 December 2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on 29, February 2012 at 10:30 a.m., at the Company’s registered office i.e. 314 Upper Mall, Lahore recommended the following.

(1) Cash Dividend

An Interim Cash Dividend for the Six Months Period Ended 31 December 2011 at Rs. NIL per share i.e. NIL %. This is in addition to the interim Dividend(s) already paid at Rs. NIL per share i.e. NIL %.

And/ Or

(2) Bonus Shares

It has been recommended by the Board of Directors to issue Bonus shares in proportion of NIL share(s) for every NIL share(s) held i.e. NIL %. This is in addition to the interim Bonus Shares already issued @ NIL %.

And/ Or

(iii) Right Shares

The Board has recommended issue NIL % Right Shares at pan at a discount/ premium of Rs. NIL per share in proportion of NIL share(s) for ever NIL share(s). This in an addition to the interim Bonus Shares already issued @NIL%

AND/OR

4. Any Other Entitlement / Corporate Action

And/ Or

Any Other Price Sensitive Information

The financial results of the Company are enclosed herewith as Annexure “A”

We will be sending you 300 copies of printed Accounts for distribution amongst the members of the Exchange.

Thanking you and assuring you of our best cooperation at all times.

For the Six Months Period Ended 31 December 2011

		Six months period ended		Three months period Ended
		31 December	31 December	31 December	31 December
		2011	2010	2011	2010
	Note	Rupees	Rupees	Rupees	Rupees
Sales	10	1,625,939,995	1,704,666,506	757,703,194	977,350,795
Cost of sales	11	1,504,952,395	1,394,487,006	685,126,869	786,667,305
		————-	————-	———–	————
Gross profit		120,987,600	310,179,498	72,576,325	190,683,491
Distribution cost		13,332,057	8,032,828	4,877,110	4,566,927
Administrative expenses	12	15,468,442	9,810,368	7,013,205	4,459,203
Other Operating expenses	13	4,095,965	17,373,978	2,501,555	10,441,935
		————-	————-	———–	————
		32,896,464	35,217,174	14,391,870	19,468,065
		————-	————-	———–	————
		88,091,138	274,962,324	58,184,455	171,215,426
Other operating income		2,315,396	4,839,623	1,272,494	1,573,967
		————-	————-	———–	————
Operating Profit		90,406,532	279,601,947	59,456,949	172,789,393
Finance cost		35,140,686	45,179,151	25,704,086	31,898,944
		————-	————-	———–	————
Profit before taxation		55,265,846	234,422,796	33,752,863	140,890,449
Income tax expense	14	23,419,427	79,304,491	8,140,831	44,661,883
		————-	————-	———–	————
Profit for the period		31,846,419	155,118,305	25,612,032	96,228,566
		————-	————-	———–	————
Earnings per share –
Basic and diluted (Rupees)		0.88	4.31	0.71	2.67

The annexed notes from I to IS form an integral part of this interim financial information.

For more information, Contact:
Resham Textile Industries Limited
314-Upper Mall, Lahore, Pakistan
Ph: (042) 111-76-76-76
Fax: 92-42-35711050
E-mail: reshamtex@wol.net.pk

February 29, 2012

Sui Southern Gas Company Limited’s financial results for the un-audited half yearly accounts for the period ended 31 December 2011

Karachi: We have to inform you that the Board of Directors of Sui Southern Gas Company Limited (SSGC) in their Meeting held on 29 February 2012 at 10:30 a.m. at SSGC Head Office Building, Gulshan-e-Iqbal, Karachi, recommended the following.

1. Cash Dividend NIL

2. Bonus Issue NIL

3. Right Shares NIL

The financial results as approved by the Board of Directors of the Company are enclosed for your record and publication.

For the Six Months period Ended December 31, 2011

	Six months period ended		Three months period ended
	December 31,	December 31,	December 31,	December 31
	2011	2010	2011	2010
	(Rupees in `000)
Sales	68,916,955	65,219,316	34,096,505	31,185,146
Sales tax	(8,433,751)	(8,267,505)	(4,141,557)	(3,850,129)
	————-	————	————	————-
	60,483,204	56,951,811	29,954,948	27,325,017
Gas development surcharge	2,364,780	1,413,826	1,979,591	2,516,948
	————-	————	————	————-
Net sales	62,847,984	58,365,637	31,934,539	29,841,965
Cost of sales	(61,224,772)	(57,273,033)	(31,046,996)	(28,932,002)
	————-	————	————	————-
Gross profit	1,623,212	1,092,604	887,543	909,963
Administrative and selling expenses	(1,446,267)	(1,514,876)	(773,135)	(897,041)
Other operating expenses	(679,856)	(716,426)	(580,958)	(606,185)
	————-	————	————	————-
	(2,126,123)	(2,231,302)	(1,354,091)	(1,503,226)
	————-	————	————	————-
	(502,911)	(1,138,698)	(466,548)	(593,263)
Other operating income	1,532,473	2,009,802	770,315	922,140
	————-	————	————	————-
Operating profit	1,029,562	871,104	303,767	328,877
Other non-operating income	4,959,650	4,791,446	2,658,594	2,552,929
Finance cost	(3,596,159)	(2,410,395)	(1,793,605)	(1,343,145)
	————-	————	————	————-
Profit before taxation	2,393,053	3,252,155	1,168,756	1,538,661
Taxation	(853,590)	(1,139,037)	(425,086)	(539,314)
	————-	————	————	————-
Profit for the period	1,539,463	2,113,118	743,670	999,347
	————-	————	————	————-
	(Restated)		(Restated)
Basic/ diluted earnings per share (Rupees)	1.75	2.40	0.84	1.13

For more information, Contact:
Sui Southern Gas Company Limited
SSGC House, Sir Shah Suleman Road,
Gulshan-e-Iqbal, Karachi-75300, Pakistan
PABX Tel: 92-21-99021743-44
Fax: 92-21-99231702
Pipe Line Terminal,
University Road, Karachi-32

February 29, 2012

Dadex Eternit Limited’s financial results for the half year ended December 31, 2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on February 29, 2012 at 12:00 p.m. at Dadex House, 34-A/1, Block-6, P.E.C.H.S. Shahrah-e Faisal, Karachi have recommended the following:

i. Cash Dividend Nil

ii. Bonus Shares Nil

iii. Right Shares Nil

iv. The financial results (unaudited) of the Company for the Half Year ended December 31, 2011 are as follows:

	Half Year Ended		Quarter Ended
	December 3l,	December 3l,	December 3l,	December 3l,
	2011	2010	2011	2011
	(Rupees ‘000)		(Rupees ‘000)
Turnover – net	1,032,799	858,283	503,825	433,897
Cost of sales	(838,863)	(706,106)	(406,286)	(348,750)
	———	——-	——-	——-
Gross profit	193,936	152,177	97,540	85,147
Distribution costs	(115,208)	(122,389)	(68,425)	(88,048)
Administrative expenses	(87,758)	(54,710)	(35,698)	(24,228)
Other operating expenses	(15,684)	(3,129)	(13,502)	(6,000)
Other operating income	24,800	23,686	14,385	16,200
	———	——-	——-	——-
Operating profit / (loss)	19,066	(4,445)	6,300	5,073
Finance cost	(26,667)	(24,575)	(18,016)	(14,634)
Share of profit / (Loss) on Investment in an associate	–	(80)	–	(80)
	———	——-	——-	——-
Loss before taxation	(6,701)	(29,100)	(11,716)	(9,641)
Taxation	31,704	(3,577)	38,424	(11,730)
	———	——-	——-	——-
Profit / (Lose) for the period	25,003	(32,677)	26,708	(21,271)
	———	——-	——-	——-
	Rupees		Rupees
Earning / (Loss) per share – Basic and diluted	2.32	(3.04)	2.48	(1.98)

300 copies of printed accounts for the half year ended December 21, 2011 will be sent to you for distribution amongst the members of the Exchange.

For more information, Contact:
Dadex Eternit Limited
Dadex House 34-A/1 Block 6,
P.E.C.H.S Shahrah-e-Faisal, Karachi 75400
Tel: 92-21 111 000 789
Fax: 92-21 34315716
E-mail: info@dadex.com
Website: www.dadex.com