Category: Financial Results

Karachi, Faran Sugar Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on December 28, 2016. The agenda of the meeting was discussion of profit and loss account for year ended September 30, 2016 which portrayed a profit of Rs. 482,663,315 with earnings per share 19.30 basic and diluted respectively. Further, 5 per share i.e. 50% payment of cash dividend, bonus shares and right shares was agreed. Furthermore, the share transfer books of the company will remain closed from January 25, 2017 to January 31, 2017 (both days inclusive). Faran Sugar Mills Limited is a company incorporated in Pakistan on November 03, 1981 as a Public Limited Company. The foundations of the company are laid under the principals of the Companies Ordinance, 1984. The principal business of the company is to manufacture and sale white sugar. The stocks of the company are quoted on the Karachi and Lahore Stock Exchange of Pakistan. The mill of the company is located at Hyderabad Sindh and the registered office of the company is situated at Karachi. The symbol “FRSM” is being used by the stock exchange for the shares of Faran Sugar Mills Limited.

Karachi, Jauharabad Sugar Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on December 28, 2016. The agenda of the meeting was discussion of profit and loss account for year ended September 30, 2016 which portrayed a profit of Rs. 105,997,346 with earnings per share 9.72 basic and diluted respectively. Further, 1 per share i.e. 10% payment of cash dividend, bonus shares and right shares was agreed. Furthermore, the share transfer books of the company will remain closed from January 24, 2017 to January 31, 2017 (both days inclusive). Jauharabad Sugar Mills Limited (Formerly “Kohinoor Sugar Mills Limited”) is a public limited company, and has an honor of being one of the pioneer sugar mills of Pakistan, established since independence at Jauharabad, District Khushab in the Punjab Province by the Thal Development Authority. The Company has designed crushing capacity of 8000 MT of sugar cane per day. Cane Processing (Pvt) Limited acquired the majority shares from Saigol family under sales purchase agreement dated October 14, 2013.The new management took the control of the Company after the approval of acquisition of majority voting shares and control of the company by the Securities and Exchange Commission of Pakistan. The Company’s name has also been changed to “Jauharabad Sugar Mills Limited” with effect from August 27, 2014. The new management has removed the bottlenecks of the plant and is focused to revitalize the project. The symbol “JSML” is being used by the stock exchanges for the shares Jauharabad Sugar Mills Limited.

Karachi, Sui Northern Gas Pipelines Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on December 28, 2016. The agenda of the meeting was discussion of profit and loss account for quarter ended September 30, 2016 which portrayed a profit of Rs. 1,399,159 with earnings per share 2.21 basic and diluted respectively. Further, nil payment of cash dividend, bonus shares and right shares was agreed. Sui Northern Gas Pipeline Limited was incorporated in Pakistan as a public limited company. The foundations of the company are laid using the Companies Ordinance, 1984. The principle activities of the company are the purchase, transmission, distribution and supply of natural gas. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located in Lahore. The symbol “SNGP” is being used by the stock exchanges for the shares of Sui Northern Gas Pipeline Limited.

Karachi, Lakson Investments Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on April 22, 2016.
The agenda of the meeting was discussion of profit and loss account for nine…

Karachi, Faysal Savings Growth Fund informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on April 22, 2016. The agenda of the meeting was discussion of profit and loss account for nine months period and quarter ended March 31, 2016 which portrayed a profit of Rs. 10,603,615 and Rs. 2,578,564 respectively. Further, nil payment of cash dividend, bonus shares and right shares was agreed. Faysal Savings Growth Fund (FSGF), an open-ended mutual fund, seeks maximum preservation of capital and a reasonable rate of return via investing primarily in money market and debt securities having good credit rating and liquidity. The symbol “OEFFFSOF” is being used by the stock exchange for the shares of Faysal Savings Growth Fund.

Karachi, Faysal Islamic Savings Growth Fund informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on April 22, 2016. The agenda of the meeting was discussion of profit and loss account for nine months period and quarter ended March 31, 2016 which portrayed a profit of Rs. 28,006,102 and Rs. 12,509,195 respectively. Further, nil payment of cash dividend, bonus shares and right shares was agreed. Faysal Islamic Savings Growth Fund, an open end mutual fund, seeks to provide maximum possible preservation of capital and a reasonable rate of return via investing in Shariah Compliant money market and debt securities having good credit quality rating and liquidity. The symbol “OEFFISGF” is being used by the stock exchange for the shares of Faysal Income & Growth Fund.

Karachi, Faysal Income & Growth Fund informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on April 22, 2016. The agenda of the meeting was discussion of profit and loss account for nine months period and quarter ended March 31, 2016 which portrayed a profit of Rs. 43,558,975 and Rs. 17,424,661 respectively. Further, nil payment of cash dividend, bonus shares and right shares was agreed. Faysal Income & Growth Fund (FIGF) is to provide superior long-term risk adjusted returns by investing in a diverse pool of fixed income securities, including money market instruments; in particular, the aim is to minimize interest rate risk through duration management and default risk through portfolio diversification. The Fund will employ prudent and disciplined investment management, and maximize the total investment return through systematic and informed security selection. The symbol “OEFFIGF” is being used by the stock exchange for the shares of Faysal Income & Growth Fund.

Karachi: Synthetic Products Enterprises Limited informed Karachi Stock Exchange about recommendations made by the board of directors in the meeting held at Lahore on October 20, 2015.
The agenda of the meeting was discussion of un-audited interim uncon…