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| Company News | [1-1 of 1 stories]
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NetSol revenues increased 105 percent in second quarterLAHORE (February 05, 2010): The revenues of the NetSol Technologies Ltd increased by 105 percent during the 2nd quarter of the financial year 2009-10 as compared with the corresponding period. According to a press statement issued by the NetSol Technologies on the financial results for 2nd quarter of 2009-10, the gross profit of the company has been increased by 67 percent to Rs 280.97 million as compared to 36 percent increase to Rs 73.17 million during the corresponding period of the last year.
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LG Electronics posts highest fourth quarter earningsKARACHI (February 04, 2010): LG Electronics Inc (LG) on Wednesday reported record revenues and operating profits in the fourth quarter of 2009, reflecting the results of the company's successful strategy and competitiveness during the current recession. Record sales and operating profits were reported for the three months ending December 31, 2009. Sales on a global basis (including LG's overseas subsidiaries) rose 6.8 percent to Korean won (KRW) 14.3 trillion ($12.2 billion) year-over-year.
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PTCL profit increases to Rs 2.785 billion in second quarterKARACHI (February 04, 2010): The profit after tax of Pakistan Telecommunication Company Limited (PTCL) has increased to Rs 2.785 billion in the quarter ended December 31, 2009 as compared to Rs 2.136 billion earned in the corresponding period in 2008. The board of directors of the company in its meeting held on Wednesday declared that the company's earning per share has increased to Rs 0.55 in the period under review against Re. 0.42 in the same period a year back.
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PACRA assigns entity ratings to Fatima FertiliserKARACHI (February 03, 2010): The Pakistan Credit Rating Agency (PACRA) has assigned a long-term entity rating of' 'A' (Single A) and short-term entity rating of 'A1' (A One) to Fatima Fertiliser Company Limited. These ratings denote low expectation of credit risk emanating from a strong capacity for timely payment of financial commitments.
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Bank: UNITED BANK LIMITED - Analysis of Financial Statements CY 2003 - 2003 Q 02 Bank 2009OVERVIEW (February 03, 2010): UBL was established on November 7, 1959. It is engaged in commercial banking and related services in Pakistan and overseas (United States, Europe, and the Middle East). The bank has a total network of 1,118 branches in Pakistan including a branch at Karachi Export Processing Zone and 5 Islamic banking branches. The bank has 17 branches abroad (two new branches were opened in Qatar and Yemen in 2007). It is listed on all the three stock exchanges of the country.
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Bank: MCB BANK LIMITED - Analysis of Financial Statements Financial Year 2003- 9 M 2009OVERVIEW (February 01, 2010): MCB Bank is among the oldest banks of Pakistan. It was among those private banks, which were nationalised in 1974 after it was incorporated in 1947. Nationalisation had put a drastic impact on its performance as it affected the quality of loan portfolio and services. Eventually, it was privatised in 1991 and is currently owned by the Mansha group. Post-privatisation, MCB's focus has been on aggressive cost reduction.
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