Day: May 27, 2013

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The Karachi Stock Exchange Limited’s corrigendum/ deliverable futures and cash-settled futures contract

Karachi, May 27, 2013 (PPI-OT): Further to our Notice No. KSE/N-3128 and KSE/N-3129 dated May 21, 2013 on the subject, wherein the company name of “Lotte Chemical Pakistan Limited” was inadvertently printed as “Lotte Pakistan PTA Limited”.

All TRE Certificate Holders/ Brokers are requested to note the above. Inconvenience to all concerned is regretted.

For more information, contact:
Shafqat Ali
Acting Chief Regulatory Officer
The Karachi Stock Exchange Limited
Tel: (92-21) 111-001122
Fax: (92-21) 3241 0825, (92-21) 3241 5136
Email: info@kse.com.pk
Web: www.kse.com.pk

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The Karachi Stock Exchange Limited’s exclusion of securities from the list of eligible securities for trading in deliverable futures contract (dfc) and cask-settled futures (CSF) markets

Karachi, May 27, 2013 (PPI-OT): All the TRE Certificate Holders/Brokers of the Exchange are hereby informed that following securities will be excluded from the list of eligible securities for trading under Deliverable Futures and Cash Settled Futures contract markets based on interim review as per point No. 9 of uniform criteria for selection of eligible securities for trading in Deliverable Futures Contract (DFC) and Cash-Settled Futures (CSF) markets due to the following reason:


S. No.   Symbol         Company Name                  Reason of Exclusion

 1        NPL       Nishat Power Limited           Impact Cost is more than 1%

 2        KAPCO     Kot Addu Power Company         Average Volume is less than 0.25% of total average volume of book entry
                    Limited                        eligible securities

Please note that aforesaid securities will be excluded from list of eligible securities for trading in DFC and CSF markets from the opening of Deliverable Futures Contract August 2013 (DFC-AUG 2013) and Cash-Settled Futures – October 2013 (CSF-OCT 2013) contract.

All TRE Certificate Holders/ Brokers are requested to note the same.

For more information, contact:
Shafqat Ali
Acting Chief Regulatory Officer
The Karachi Stock Exchange Limited
Tel: (92-21) 111-001122
Fax: (92-21) 3241 0825, (92-21) 3241 5136
Email: info@kse.com.pk
Web: www.kse.com.pk

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The Karachi Stock Exchange Limited’s reminder/ base minimum capital (BMC)

Karachi, May 27, 2013 (PPI-OT): Further to our Notice No. KSE/N- 3116 dated May 20, 2013 on the above subject.

All the TRE Certificate Holders of the Exchange who are registered as Broker with the Commission are hereby reminded that the last date for compliance of Base Minimum Capital (BMC) is Friday May 31, 2013. Therefore all TRE Certificate Holder Brokers are requested to submit required legal documents duly completed in all respects latest by Friday May 31, 2013.

It may further be noted that any TRE Certificate Holder Broker who fails to comply with BMC requirements within due date shall not be eligible to trade until such requirements are complied.

For more information, contact:
Shafqat Ali
Acting Chief Regulatory Officer
The Karachi Stock Exchange Limited
Tel: (92-21) 111-001122
Fax: (92-21) 3241 0825, (92-21) 3241 5136
Email: info@kse.com.pk
Web: www.kse.com.pk

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Alfalah GHP Investment Management Limited’s interim distribution for the month of May 2013

Karachi, May 27, 2013 (PPI-OT): This is to inform you that the Chief Executive Officer of Alfalah GHP Investment Management Limited (AGIM) on behalf of Board of Directors of the Company has approved following Payouts for the month of May 2013 in Alfalah GHP Cash Fund managed by AGIM. The following payout is made incompliance with the requirement of clause 5 of the Offering Document of Alfalah GHP Cash Fund (AGCF).

Interim Distribution for the Month of May 2013

A Distribution of PKR 2.91/- per unit (i.e. 0.5812% of Ex- NAV of Rs 500.72 at the beginning of the year) to the Unit Holders of Alfalah GHP Cash Fund.

Further in Compliance with Clause 5.1.3 of the Offering Document of AGCF Growth Unit Holders will be paid above distribution in the Form of Bonus Units and Income Unit Holders will be paid above distribution in the Form of Cash Dividend.

Entitlement

The above entitlement will be paid to the unit holders, whose name appears in the register of unit holders as on 24th May 2013.

For more information, contact:
Omer Bashir Mirza
CFO and Company Secretary
Alfalah GHP Investment Management Limited
12th Floor, Tower ‘A’, Saima Trade Towers,
I. I. Chundrigar Road, Karachi- 74000, Pakistan
PABX: (9221) 99217600-05
Fax: (9221) 99217615
Website: www.alfalahghp.com

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Chashma Sugar Mills Limited’s financial results for the half year ended 31 March, 2013

Karachi, May 27, 2013 (PPI-OT): We would like to inform you that the Board of Directors in the Meeting held on Monday 27 May, 2013 at 10:30 a.m. have approved the following financial results for the Half Year ended 31 March, 2013:


                                                   For the 2nd Quarter              Cumulative
                                                  Jan-Mar.      Jan-Mar.      Oct-Mar.      Oct-Mar.
                                                   2013           2012          2013          2012
                                                                Rupees in thousand

Turnover-local                                   2,061,303      2,166,393     2,720,688     5,185,579
- export                                           615,355              0       948,861             0
                                                 ---------      ---------     ---------     ---------
                                                 2,676,658      2,166,393     3,669,549     5,185,579
Less: Sales Tax                                    145,405        146,873       190,837       371,590
                                                 ---------      ---------     ---------     ---------
                                                 2,531,253      2,019,520     3,478,712     4,813,989
Cost of Sales                                    2,414,646      1,778,758     3,187,166     4,641,029
                                                 ---------      ---------     ---------     ---------
Gross Profit                                       116,607        242,762       291,546       172,960
Distribution Cost                                   22,100          6,133        33,836        12,619
Administrative Expenses                             47,111         40,362        38,228        67,265
Other Operating Expenses                            (4,707)           217         1,712           243
Other Operating Income                             (45,742)       (28,113)      (51,711)      (31,625)
                                                 ---------      ---------     ---------     ---------
                                                    18,762         18,599        72,065        48,502
                                                 ---------      ---------     ---------     ---------
Profit from Operations                              97,845        224,163       219,481       124,458
Finance Cost                                       108,037         50,866       184,718       141,034
                                                 ---------      ---------     ---------     ---------
(Loss)/ Profit before Taxation                     (10,192)       173,297        34,763       (16,576)
Taxation
Current                                             18,346         48,847        24,806        48,847
Deferred                                           (11,448)         7,283       (22,897)      (25,441)
                                                 ---------      ---------     ---------     ---------
                                                     6,898         56,130         1,909        23,406
                                                 ---------      ---------     ---------     ---------
(Loss)/ Profit after Taxation                      (17,090)       117,167        32,854       (39,982)
Other Comprehensive Income                               0              0             0             0
                                                 ---------      ---------     ---------     ---------
Total Comprehensive (loss)/ Income                 (17,090)       117,167        32,854       (39,982)
                                                 ---------      ---------     ---------     ---------
                                                                          Rupees
(Loss)/ Earnings per Share                           (0.60)          4.08          1.15         (1.39)
                                                 ---------      ---------     ---------     ---------

We will be sending you 200 Copies of printed Half Yearly Financial Statements for distribution amongst the members of the Exchange in due course of time.

For more information, contact:
Mujahid Bashir
Company Secretary
Chashma Sugar Mills Limited
King’s Arcade, 20-A,
Markaz F-7, Post Box No.1529,
Islamabad.
Tel: 051-2650805-7
Fax: 051-2651285-6

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JDW Sugar Mills Limited’s financial results for the half year ended March 31, 2013

Karachi, May 27, 2013 (PPI-OT): We have to inform you that the Board of Directors of our company in their meeting held on May 27, 2013 at 2:30 p.m. at 17-Abid Majeed Road, Lahore Cantt. has approved the following:

(i) Cash Dividend Nil
(ii) Bonus Shares Nil
(iii) Right Shares Nil

The financial results of the Company for the six months and quarter ended March 31, 2013 are as follows:


                                                       Six months ended                            Quarter ended
                                                31 March              31 March               31 March           31 March
                                                  2013                  2012                   2013               2012
                                                 Rupees                Rupees                 Rupees             Rupees

Gross sales                                  13,823,270,247        17,255,270,688         4,368,772,424      7,442,799,294
Less: Federal Excise Duty and Sales Tax        (549,561,966)       (1,285,151,456)           44,034,984      (530,669,976)
                                             --------------        --------------         -------------     -------------
Net sales                                    13,273,708,281        15,970,119,232         4,412,807,408     6,912,129,318
Cost of sales                               (11,317,760,979)      (13,952,930,950)       (2,853,346,994)   (5,570,8S9,685)
                                             --------------        --------------         -------------     -------------
Gross profit                                  1,955,947,302         2,017,188,282         1,559,460,414     1,341,239,633
Administrative expenses                        (239,418,842)         (235,243,786)         (138,169,435)     (133,198,844)
Distribution and marketing expenses            (112,686,843)          (12,092,945)          (78,598,733)       (8,043,604)
Other operating expenses                        (79,597,986)          (85,080,594)          (72,735,397)      (60,848,761)
Other operating income                           73,782,542            49,926,197            29,475,692        20,857,336
                                               (357,921,129)         (282,491,128)         (260,027,873)     (181,233,873)
                                             --------------        --------------         -------------     -------------
Operating profit                              1,598,026,173         1,734,697,154         1,299,432,541     1,160,005,760
Finance cost                                   (481,540,848)         (519,876,379)         (280,669,267)     (289,006,860)
                                             --------------        --------------         -------------     -------------
Profit before taxation                        1,116,485,325         1,214,820,775         1,018,763,274       870,998,900
Taxation                                       (316,151,083)         (392,532,042)         (279,826,605)     (340,440,871)
                                             --------------        --------------         -------------     -------------
Profit after taxation                           800,334,242           822,288,733           738,936,669       530,558,029
                                             --------------        --------------         -------------     -------------
Basic earnings per share                              13.39                 13.82                 12.36              8.91
                                             --------------        --------------         -------------     -------------
Diluted earnings per share                            13.39                 13.76                 12.36              8.88
                                             --------------        --------------         -------------     -------------

We will be sending you requisite copies of printed accounts of the Company.

For more information, contact:
Muhammad Rafique
Company Secretary
JDW Sugar Mills Limited
17-Abid Majeed Road,
Lahore Cant, Lahore.
PABX # 042-36664891-92, 36802573-74
Fax: 042-36854490
E-mail: jdwho@jdw-group.com

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Standard Chartered Leasing Limited’s election of directors

Karachi, May 27, 2013 (PPI-OT): This is to inform you that the shareholders in their Extraordinary General meeting held on May 24, 2013 have elected the following directors.

1. Mr. Mohsin Ali Nathani
2. Mr. Arjumand Ahmed Minai
3. Mr. Najam Siddiqi
4. Mr. Khurram Shahzad Khan
5. Mr. Najam I. Chaudhri
6. Syed Naseer ul Hasan
7. Mr. Moin Mohajir

This is for your information and record.

For more information, contact:
Rehan Anjum
Company Secretary
Standard Chartered Leasing Limited
Ground Floor, Al-Rahim Towers,
I. I. Chundrigar Road,
Karachi-74000 Pakistan
Tel: (021) 32427727, 32429658,
Fax: (021) 32438211,