KARACHI, Jan 30: A total of 19 companies held meetings of their board of directors (BoDs) on Monday to discuss accounts for varying periods: year ended December 31, 2005; first quarter of 2006; and half year 2006, and to address other issues.
The list of companies that were scheduled to hold their meetings on Monday included: Indus Motors; KESC; Arif Habib Securities; Clover Pakistan; Colgate-Palmolive; Habib Sugar; Al-Noor Sugar; Shahmurad Sugar; Clariant Pakistan; Mitchell’s Fruit Farms; Sanofi-Aventis; TRG Pakistan; Dawood Hercules; Baba Farid Sugar Mills; Fecto Sugar Mills; Husein Sugar Mills; Security Papers; Khairpur Sugar and Adam Sugar.
Some companies such as Arif Habib Securities and TRG Pakistan had scheduled their BoDs meetings after the stock market trading time; their results would therefore follow on Tuesday.
The KSE website had posted results of Indus Motors; Security Papers; Colgate-Palmolive and Clariant Pakistan. Several other announcements were made through notices issued by the KSE. Results of the Indus Motors could be of greater interest to the shareholders.
For the half year ended December 31, 2005, Indus Motors declared profit after tax of Rs1,073 million, up from Rs717 million in the corresponding period of the previous year. Earning per share (EPS) worked out at 13.66 for the latest half, compared to 9.13 in the similar period last year. Net sales grew to Rs16.4 billion, from Rs13 billion. The significant item was ‘other operating income’, which rose to Rs494 million, from Rs149.1 million.
