Category Archives: Financial Results

Financial results of Faran Sugar Mills Limited for year ended September 30, 2016

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.

Financial results of Sui Northern Gas Pipelines Limited for quarter ended September 30, 2016

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.

Financial results of Lakson Investments Limited for period ended March 31, 2016

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…

Financial results of Faysal Savings Growth Fund for period ended March 31, 2016

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.

Financial results of Faysal Islamic Savings Growth Fund for period ended March 31, 2016

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.

Financial results of Faysal Income & Growth Fund for period ended March 31, 2016

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.

Financial results of Faysal Money Market Fund for period ended March 31, 2016

Karachi, Faysal Money Market 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. 74,580,067 and Rs. 20,332,718 respectively. Further, nil payment of cash dividend, bonus shares and right shares was agreed. Faysal Money Market Fund, an open end mutual fund seeks to provide maximum possible preservation of capital and a reasonable rate of return via investing in money market securities having good credit quality rating and liquidity. The symbol “OEFFMMF” is being used by the stock exchange for the shares of Faysal Money Market Fund.

Financial results of Crescent Cotton Mills Limited for the period ended June 30, 2014

Karachi, Crescent Cotton Mills Limited informed Karachi Stock Exchange about the recommendations made by the board of directors in the meeting held at Faisalabad on May 07, 2015. The agenda of the meeting was discussion of un-audited interim profit and loss account for the period ended June 30, 2014 which portrayed a profit of Rs. 96,000,00 and earnings per share 4.53 basic and diluted. Nil payment of cash dividend, bonus shares and right shares was agreed. The Crescent Cotton Mills Limited is a public limited company incorporated on March, 1959 in Pakistan under the Companies Ordinance, 1984. The company is engaged in business of textile manufacturing comprising of spinning, combing, weaving, dyeing, bleaching, printing, stitching, buying, selling and otherwise dealing in yarn, cloth and other goods and fabrics made from raw cotton and synthetic fiber. This assists in generating, accumulating, distributing, supplying and selling of electricity. The Company also operates a cold storage unit. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located at Lahore. The closure of sugar as well as distillery units of the company the management and the board of directors considered changing the name of the company. On May 02, 2012 the name of the company was changed to “Crescent Cotton Mills Limited” from “Crescent Sugar Mills & Distillery Limited”. Crescot Mills Limited is the only subsidiary of the company with 66.15% holding. Due to heavy losses the company has ceased all production activities since August, 1998 and has disposed off some of its plant and machinery. The management of the Company has got the Company de-listed from the Karachi Stock Exchange The symbol “CCM” is being used by the stock exchanges for the shares of Crescent Cotton Mills Limited.

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Financial results of PICIC Insurance Limited for period ended March 31, 2015

Karachi: PICIC Insurance Limited informed Karachi Stock Exchange about recommendations made by the board of directors in the meeting held at Karachi on April 25, 2015. The agenda of the meeting was discussion of un-audited interim profit and loss account for three month period ended March 31, 2015 which portrayed a loss of Rs. 5,430,000 and loss per share 0.16 basic and diluted. PICIC Insurance Limited was incorporated on April 23, 2004 under the Companies Ordinance 1984 as a public limited company and registered as a non-life insurance company by the Securities and Exchange Commission of Pakistan under the insurance ordinance, 2000. The registered office of the company is located at Karachi. The company is listed on the Karachi, Lahore and Islamabad stock Exchanges of Pakistan. PICIC Insurance Limited is a part of the Temasek Group operating in Pakistan. NIB Bank Limited a subsidiary of the Temasek Group in Pakistan is a shareholder of PICIC Insurance Limited with a 30% stake. The symbol “PIL” is being used by the stock exchange for the shares of PICIC Insurance Limited.

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Financial results of Hallmark Insurance Company Limited for period ended December 31, 2014

Karachi, Hallmark Insurance Company Limited informed Karachi Stock Exchange about recommendations made by the board of directors in the meeting held at Karachi on April 06, 2015.
The agenda of the meeting was discussion of un-audited interim profit and…

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