Business
Payment delays, COVID-19 push KE into PKR 2.96 bn loss
Karachi, October 28, 2020: The Board of Directors of K-Electric Limited in its meeting held on October 27, 2020, approved the Company’s financial results for the year ended June 30, 2020. In the results issued to the PSX, KE declared a loss of PKR 2.96 billion in glaring contrast to a profit of PKR 17.274…
Lucky Cement posts profit for first quarter of 2020
Karachi, October 27, 2020: On a consolidated basis, Lucky Cement Limited reported net profit after tax of PKR 5.13 billion of which PKR 0.78 billion is attributable to non-controlling interests for the first quarter ended September 30, 2020. This translates into earnings per share (EPS) of PKR 13.45 / share as compared to PKR 3.93…
MCB Bank profit up by 39pc for nine months period
Karachi, October 28, 2020: The Board of Directors of MCB Bank Limited (MCB) met under the Chairmanship of Mian Mohammad Mansha, on October 27, 2020 to review the performance of the Bank and approve the condensed interim financial statements for the nine months period ended September 30, 2020. In compliance with SBP’s instructions, Bank has…
Nestlé Pakistan Limited announces financial results for nine-month period
Karachi, October 23, 2020: Nestlé Pakistan Limited posted a revenue of PKR 88.7 billion for the nine-months period ended September 2020, an increase of 1.9 percent compared to the same period last year, despite many difficulties emanating from the COVID-19 crisis. These results were announced following a Board of Directors’ meeting at the Company’s Head…
S.I.T.E Superhighway industrialists plea PM Imran Khan for deferment of EOBI audit
Karachi, October 23, 2020: Engr. Nisar Ahmed Khan President S.I.T.E. Superhighway Association of Industry (SSHAI), has appealed to Prime Minister Imran Khan to take serious action to address irritating issues related to EOBI and specially deferring the audits of EOBI and other institutions till sustainable and normal economic activities be restored at least for two…