Pakistan’s largest IPP HUBCO posts Rs20.3bn profit in 1QFY25 despite revenue dip Despite lower revenue, Hub Power Company Limited (HUBCO), Pakistan’s largest Independent Power Producer (IPP), saw... Updated 30 Oct, 2024 09:09pm
Business & Finance PPL’s quarterly profit drops 24% amid lower sales, rising costs Pakistan Petroleum Limited (PPL) saw its profit-after-tax (PAT) drop nearly 24% to clock in at Rs22.69 billion for... Updated 29 Oct, 2024 01:23pm
Markets FFC makes Rs22.6bn profit in 3QCY24, but holds off on dividend amid merger plans Fauji Fertilizer Company (FFC), one of Pakistan’s largest fertilizer producers, posted a consolidated... Updated 28 Oct, 2024 10:08pm
Business & Finance Indus Motor Company’s profit up 58% at Rs5.09bn in 1QFY25 Indus Motor Company (IMC) reported a profit of Rs5.09 billion for the quarter ended September 30, 2024 (1QFY25), an... Updated 28 Oct, 2024 12:11pm
Business & Finance OGDC’s profit down 16% in 1QFY25 amid lower sales Oil and Gas Development Company Limited (OGDCL), the country’s largest exploration and production (E&P) company,... Updated 25 Oct, 2024 07:30pm
Business & Finance MCB Bank posts Rs18.1bn profit in 3Q2024, down 8% YoY MCB Bank Limited, one of Pakistan’s largest commercial banks, reported a profit-after-tax (PAT) of Rs18.13 billion... Updated 23 Oct, 2024 06:12pm
Business & Finance Meezan Bank posts Rs26.4bn profit in 3QCY24 Meezan Bank, the country’s largest Islamic bank, posted consolidated earnings of Rs26.36 billion for the third... Updated 21 Oct, 2024 07:18pm
Markets July-September: Pakistan Refinery sustains Rs2.4bn in losses Pakistan Refinery Limited (PRL), a subsidiary of the Pakistan State Oil Company Limited (PSO), sustained massive... Updated 18 Oct, 2024 09:01pm
Business & Finance Bank Alfalah posts over 50% profit surge in 3QCY24 Bank Alfalah saw its consolidated profit jump to Rs13.3 billion during the quarter ended September 30, 2024, which... Updated 17 Oct, 2024 10:34pm
Markets July-September: PTCL sustains Rs6.3bn in losses Pakistan Telecommunication Company Limited (PTCL) sustained massive losses to the tune of Rs6.3 billion during the... Updated 15 Oct, 2024 09:19pm
Markets Engro Fertilizers’ earnings stand at Rs8.6bn in 3QCY24, down 11% YoY Engro Fertilizers Limited (EFERT), a wholly-owned subsidiary of Engro Corporation Limited, posted a profit after tax... Published 14 Oct, 2024 04:17pm
Markets Nishat Mills looks to sell hospitality business, will establish subsidiary in Türkiye The board of Nishat Mills Limited (NML), the flagship company of Nishat Group, has approved to dispose off 100%... Updated 27 Sep, 2024 11:34pm
Business & Finance Despite higher sales, textile giant Interloop’s profit down 18% in FY24 Despite higher sales, Interloop Limited (ILP), one of Pakistan’s largest textile exporters, saw its profit decline... Published 26 Sep, 2024 03:34pm
Markets Amreli Steels bleeds, loss for FY24 stands at Rs6.1bn as sales drop Amreli Steels Limited sustained massive losses to the tune of Rs6.1 billion amid a drop in sales and high expenses... Updated 23 Sep, 2024 10:25pm
Markets OGDC’s profit down 7% in FY24 despite higher sales Oil and Gas Development Company Limited (OGDCL), the country’s largest exploration and production (E&P) company,... Published 23 Sep, 2024 03:15pm
Markets PPL’s earnings jump 19%, clock in at Rs115.5bn in FY24 Pakistan Petroleum Limited (PPL) saw its profit-after-tax (PAT) jump nearly 19% to clock in at Rs115.48 billion for... Published 20 Sep, 2024 02:45pm
Markets PSX’s earnings jump to Rs1.03bn in FY24, massive 368% higher Increase led by share of profit from associates and income from exchange operations Updated 18 Sep, 2024 08:51pm
Markets Millat Tractors post profit of Rs10.6bn in FY24, up 167% Millat Tractors Limited (MTL), Pakistan’s largest tractor manufacturer, reported a profit-after-tax (PAT) of Rs10.64... Updated 09 Sep, 2024 10:47pm
Business & Finance Despite auto sector’s slowdown, Indus Motor Company’s profit up 56% at Rs15.07bn in FY24 Indus Motor Company (IMC) reported a profit of Rs15.07 billion for the fiscal year that ended June 30, 2024 (FY24),... Updated 02 Sep, 2024 10:37pm
Markets National Refinery suffers massive Rs15.8bn loss in FY24 Despite higher revenue and lower finance cost, National Refinery Limited (NRL) registered a massive loss of Rs15.79... Updated 02 Sep, 2024 04:32pm
Business & Finance 1H’24: NBP records total income of Rs96.8bn, up 5.1pc YoY KARACHI: The Board of Directors of National Bank of Pakistan “NBP” “the Bank” met on August 28 to approve the... Updated 30 Aug, 2024 04:18pm
Business & Finance Faysal Bank’s profit surges 60%, clocks in at Rs7bn in Apr-June Faysal Bank posted a consolidated profit after tax of Rs6.95 billion for the quarter ended June 30, 2024, nearly 60%... Updated 28 Aug, 2024 04:58pm
Business & Finance April-June: PTCL sustains Rs3.4bn in losses as finance cost bites Pakistan Telecommunication Company Limited (PTCL) sustained massive losses to the tune of Rs3.4 billion during the... Updated 28 Aug, 2024 04:59pm
Business & Finance Standard Chartered Pakistan’s profit marginally up YoY in 2QCY24 Standard Chartered Bank (Pakistan) Limited (SCBPL), a subsidiary of Standard Chartered Plc, posted earnings of... Published 27 Aug, 2024 03:30pm
Business & Finance JS Bank records 678% jump in consolidated profit in 2QCY24 JS Bank Limited (JSBL) posted massive earnings of Rs5.5 billion during the quarter ending June 30, 2024, up over... Published 27 Aug, 2024 01:14pm
Markets Pakistan’s largest IPP HUBCO posts profit of Rs75.3bn in FY24 Hub Power Company Limited (HUBCO), Pakistan’s largest Independent Power Producer (IPP), saw its profit increase by... Updated 26 Aug, 2024 10:32pm
Business & Finance Shell Pakistan posts Rs1.1bn profit in Apr-Jun 2024, over 86% lower year-on-year Shell Pakistan Limited (SPL), a subsidiary of Shell Petroleum Company Limited, announced a profit of Rs1.13 billion... Published 26 Aug, 2024 02:41pm
Business & Finance Engro Corp’s quarterly profit down 61%, clocks in at Rs5.07bn in Apr-Jun Pakistan’s conglomerate Engro Corporation Limited (ENGRO) posted a consolidated profit-after-tax (PAT) of Rs5.07... Updated 22 Aug, 2024 10:40pm
Business & Finance Allied Bank’s profit jumps 25% in 2QCY24 Despite marginally lower net income, Allied Bank (ABL) posted a profit-after-tax of Rs12.47 billion in quarter ended... Published 21 Aug, 2024 02:04pm
Business & Finance EPCL suffers loss of Rs688mn in 2QCY24 Engro Polymers and Chemicals Limited (EPCL), a subsidiary of Engro Corporation Limited, sustained losses to the tune... Published 16 Aug, 2024 05:03pm