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Posted 26 June 2007 - 10:46 AM
''Wed, Jun 20 2007 15:25:31 PKT Tariq Glass Industries: The Board of Directors of the Company in their meeting has decided to issue on (1) Right Share for every one (1) share i.e. 100at premium of Rs. 15/- per share. Share Transfer Books will be closed from July 14 to 20, 2007".
Posted 26 June 2007 - 10:53 AM
Already rose Rs 50 to Rs 73.6 (high of tgl)
Posted 01 August 2007 - 04:53 PM
Posted 01 August 2007 - 07:46 PM
"I AM ALSO INTERESTED "BUT TRING TO FIND SOME TECH DETAILS
Posted 04 August 2007 - 02:14 PM
It gives me pleasure to present you the accounts for the quarter and the accumulated
for the nine months ended March 31, 2007.
By the Grace of Almighty ALLAH, your company has earned a net profit of Rs. 63.935
million after taxation for the period of nine months ended March 31, 2007 as
compared to the net profit of Rs. 46.497 million for corresponding period of previous
year. The net profit for the third quarter is low because of interruption in the supply of
natural gas during the quarter under review which resulted in lower production. In
addition, furnace oil was consumed to maintain the minimum temperature levels of
the furnaces, hence extra expenditure. The mark up rates of the financial facilities
were revised upwards due to change in KIBOR resulting in increase in the finance
The net sales of the current nine months increased by Rs. 51.392 million over the
corresponding period of nine months showing a growth of 6.7 %. The earnings per
share have also improved.
A comparative summary of the financial results for the nine months ended March 31,
2007 is as follows:
March 31, 2007 March 31, 2006
Profit before taxation 69,245,183 59,126,449
Taxation 5,310,195 12,629,290
Profit after taxation 63,934,988 46,497,159
Earnings per Share Rs. 5.54 4.03
As reported earlier the works on Third Furnace is in hand. Major portion of the
imported Furnace Refractories have arrived at the works, civil works of the furnace
foundation and new warehouse is in full swing and Inshallah it is hoped that the
commercial production will commence before the end of current calendar year.
Besides good financial results, we are providing a large range of products which are
of very high quality, catering for local and export markets. We would like to thank all
the members of our team and distributors whose efforts are playing major role in the
growth of the company and urge them for their continuous support and cooperation
for the growth of the company.
Posted 04 August 2007 - 02:18 PM
present rate of tgl 39400 + 25000 rights = 64400 /1000 shares = 64.4
trading at p/e multiple of 9.2