Lahore Stock Exchange leads corporate briefing programme for Highnoon Laboratories

Lahore, May 08, 2013 (PPI-OT): The representatives of Highnoon Laboratories, Company Secretary Mr. Khadim Hussain, Director Finance Mr. Javaid Hussain visited The Lahore Stock Exchange to participate in the corporate briefing program, an interactive program initiated by the Lahore Stock Exchange under the Corporate Communications Department to encourage companies to come forward and share their financials and non financial projects before the members, TREC Holders, investors and the media to abridge the communicational gap between the listed companies and the market participants through this platform.

Mr. Farid Malik, General Manager -LSE while addressing to the participants stated that the purpose of the Corporate Briefing Program was to provide a platform to our listed companies whereby such companies can periodically visit the stock exchange and share the latest corporate information with the stakeholders such as the brokers and the investors alike.

He said that since the market price of any company is a function of the financial and strategic information available in the market, therefore, LSE considers it essential for the companies to participate in such programs so that there is no information asymmetry regarding our listed companies.

Director Finance Highnoon Laboratories Mr. Javaid Hussain delivered the presentation before the participants about financial performance and future plans of the company. He stated that the company is in process to \ add new countries to its export as the company is already the first pharmaceutical company to export in France and Saudi Arabia.

He also stated that the company has a potential to produce beyond its current capacity provided the trade between the neighboring countries are relaxed. He also shared that the company has invested in building a dedicated hormone facility, a sachet facility and a consumer facility to expand the business.

Corporate Briefing Program (CBP) aims to bridge the gap between the listed companies and investor’s community and provide them with an opportunity to share company’s first hand information. The basic goal of the Corporate Briefing Program is to enhance investor’s understanding of financial statements, company’s short term and long term projects. CBP is an opportunity for investors to better understand the economic/financial affairs of a company which might affect company’s share price and ultimately impact their investments as well as investment decisions.

The LSE under this initiative will be conducting regular programs for different listed companies. The management of the company shall brief and explain the investors about company’s assets and liabilities, financial sound- ability, credit worthiness, and current and expected revenue and growth rates etc.

For more information, contact:
Lahore Stock Exchange (LSE)
19, Khayaban-e-Aiwan-e-Iqbal,
P.O. Box: 1315,
Lahore-54000, Pakistan
Tel: +9242 636 8000
FAX: +9242 636 484 -85
E-mail Address: info@LahoreStock.com
Web Site: http://www.lse.com.pk

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