Karachi: Please note that the address, telephone and fax numbers of the registered office has been changed to the following, with effect from May 30, 2011: New Address of the Registered Office: 12th Floor, Executive Tower, Dolmen City Marine Drive, Mar...
Read More »Dawood Lawrencepur Limited’s Change of Chief Financial Officer and Company Secretary
Karachi: We have to inform you that Ms. Hafsa Shamsie has been appointed as Chief Financial Officer and Company Secretary from May 25, 2011 in place of Mr. Iqbal Ahmad Shaikh. For more information, contact: Karachi Stock Exchange Tel: +9221 111-001122 ...
Read More »The Karachi Stock Exchange (Guarantee) Limited’s Atlas Fund of Funds Weekly Report on Details of Own Certificates Repurchased for the period: May 23, 2011 to May 27, 2011
Karachi: This is in continuation of our earlier correspondence with you on the subject of repurchase of own certificates by Atlas Fund of Funds (ATFF), in accordance with the procedure prescribed under Circular No. 14 of 2009 issued by the Securities and Exchange Commission of the Pakistan (the Commission), dated May 4, 2009. As requested under Clause 3 (v) of the above mentioned Circular, the details of own certificates repurchased by the Atlas Fund of Funds during the week from May 23, 2011 to May 27, 2011 both days inclusive, are appended as Annexure A enclosed. Atlas Fund Of Funds Details of Repurchase of Certificates For the week May 23, 2011 to May 27, 2011 Date Scrip Maximum No. of Certificates authorized to repurchase Purchase price per certificate Number of certificates re- purchased Total Purchase Price-Rupees n Net Assets- Rupees 23-May-11 ATFF 4,000,000 - - - 450,112,387 24-May-11 ATFF - - - 452,376,988 25-May-11 ATFF 6.60 50,000 330,000 453,494,517 26-May-11 ATFF 6.50 149,000 968,500 455,154,412 27-May-11 ATFF - - - 455,634,462 4,000,000 199,000 1,298,500 For more information, contact: Karachi Stock Exchange Tel: +9221 111-001122 Fax: +9221 3241 0825, +9221 3241 5136 Email: info@kse.com.pk Web: www.kse.com.pk
Read More »Singer Pakistan Limited’s Dispatch of Bonus shares Certificates
Karachi: We are pleased to inform you that we have dispatched the bonus shares certificates for the year ended 31 December 2010 to our shareholders and also advised Central Depository Company of Pakistan Limited to credit the entitlement of the Bonus S...
Read More »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
Read More »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...
Read More »Quality Textile Mills Limited’s Imitation of Board of Directors Meetings
Karachi: We would like to inform you that Mr. Tariq Mehmood Badar (Director) of our company has resigned from his office on May 18, 2011 and a meeting of Board of Director is schedule to be held on Tuesday, May 31, 2011 at 10:30 a.m. at registered offi...
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