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profits

Indus Motor Company posts profit of Rs3.22bn in July-September, 148% higher YoY

Indus Motor Company (IMC) reported on Friday a profit of Rs3.22 billion for the quarter ended September 30, 2023, an...

Updated 27 Oct, 2023 10:55pm

Business & Finance

iPhone maker Foxconn’s profits slump 56pc in Q1

TAIPEI: Profits for Taiwanese tech giant and key Apple supplier Foxconn fell 56 percent in the first quarter, it...

Published 15 May, 2023 06:41am

Editorials

Banks, not savers, get paydays from deposits?

EDITORIAL: In a rising interest rate environment, some commercial banks have been trying to forcefully convert the...

Published 08 May, 2023 06:40am

Business & Finance

Lloyds bank says profits soar on higher interest rates

LONDON: Britain’s Lloyds Banking Group said Wednesday that net profit jumped almost 50 percent in the first...

Published 08 May, 2023 06:40am

Business & Finance

Maintenance dredging Pakistan’s responsibility: ‘91pc profit from Gwadar Port operations goes to Chinese firm’

ISLAMABAD: A parliamentary panel was informed on Friday that maintenance dredging of Gwadar Port is the...

Published 06 May, 2023 06:23am

Business & Finance

ExxonMobil, Chevron report higher profits despite oil price dip

NEW YORK: US oil giants ExxonMobil and Chevron reported another quarter of heady profits Friday as both companies...

Published 02 May, 2023 05:59am

Business & Finance

BioNTech profits soar in 2021 on global vaccine rollout

FRANKFURT: German vaccine-maker BioNTech on Wednesday reported a multi-billion-euro windfall in 2021 from sales of...

Published 30 Mar, 2022 06:28pm

Business & Finance

Walmart reports solid Q4 profits on strong US consumer

NEW YORK: Walmart reported better-than-expected quarterly profits Thursday as strong consumer demand during the...

Published 17 Feb, 2022 06:14pm

Business & Finance

ExxonMobil aims to double profits n restrained spending

NEW YORK: ExxonMobil released a plan Wednesday that aims to double oil company's profits by 2027 as it expands...

Published 01 Dec, 2021 08:58pm

Business & Finance

Moderna sees fewer 2021 vaccine deliveries, shares drop

NEW YORK: Moderna cut its 2021 forecast for Covid-19 vaccine deliveries on Thursday, pushing back some doses to next...

Published 04 Nov, 2021 08:44pm

Markets

Shell Pakistan announces financial results for H1 2021

ISLAMABAD: The Board of Directors of Shell Pakistan Limited announced the half year 2021 financial results on...

Published 27 Aug, 2021 04:52am

Business & Finance

Power generation projects: IT exemption on profits, gains causes Rs47bn loss

ISLAMABAD: The income tax exemption on the profits and gains of power generation projects set up in Pakistan has...

Published 14 Jun, 2021 03:39am

Technology

Microsoft has always sold Xbox consoles at a loss

Microsoft does not earn any profit on sales of Xbox consoles alone, according to a Microsoft executive during the Epic Games v. Apple trial on Wednesday.

Published 07 May, 2021 12:56pm

Business & Finance

Pfizer raises 2021 sales forecast for Covid vaccines to $26bn

Pfizer now sees profits of between $3.55 and $3.65 a share for the year, an increase of 45 cents from the previous estimate.

Published 04 May, 2021 06:58pm

Business & Finance

UBS profits up despite Archegos hit

UBS profits for the first quarter were up 14 percent at $1.8 billion.

Published 27 Apr, 2021 04:38pm

Business & Finance

Novartis profits slide in Q1 on weak generic drugs

At $2 billion (1.7 billion euros), the bottom line fell 5.0 percent year-on-year in January-March, even as revenues grew 1.0 percent, to $12.4 billion.

Published 27 Apr, 2021 04:32pm

Business & Finance

Asia-focused HSBC profits double as bank reverses credit losses

"The economic outlook has improved, although uncertainties remain," he said.

Published 27 Apr, 2021 04:04pm

Business & Finance

Hyundai Motor net profits rocket 175pc in Q1

Vehicle sales rose more than 10 percent to just over 1,000,000 units -- with revenues up eight percent, it added, as consumer sentiment rebounded.

Published 22 Apr, 2021 04:52pm

Business & Finance

BMW profits slump on pandemic shutdowns

Revenues at the group, which also includes the Mini and Rolls Royce brands, fell five percent to 99 billion euros, it said in a statement.

Published 11 Mar, 2021 07:26pm

Business & Finance

Commerzbank confirms losses, eyes profits in 2021

It added that it planned to raise its operating profits to around 2.7 billion euros by 2024, and resume dividend payments from 2023.

Published 11 Feb, 2021 05:54pm

Business & Finance

Electrolux profits boosted by lockdown DIY

The Electrolux share price was up by 0.5 percent on the Stockholm stock exchange in mid-morning trading.

Published 02 Feb, 2021 05:19pm

Business & Finance

Samsung Electronics profit spikes

SEOUL: Samsung Electronics, the world’s biggest smartphone and memory chip maker reported fourth-quarter net...

Published 01 Feb, 2021 03:39am

Business & Finance

3M profits jump

NEW YORK: 3M, a maker of N95 face masks, reported higher fourth-quarter profits Tuesday on the mixed impact of...

Published 01 Feb, 2021 03:39am

Business & Finance

Goldman Sachs 4Q profits surge to $4.4bn, topping estimates

Revenues rose 18 percent to $11.7 billion.

Published 19 Jan, 2021 08:06pm

Business & Finance

Pandemic boosts profits at India's Infosys

Quarterly revenue at India's second-largest IT company climbed 12.3 percent to 259.27 billion rupees from a year ago.

Published 13 Jan, 2021 07:57pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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