Business
Huawei Announces 1H 2019 revenue: 23.2pc YoY growth
Karachi, July 30, 2019: Huawei announced its business results for the first half of 2019: USD 58.34 billion in revenue, a 23.2 percent increase over the same period last year. The company’s net profit margin for H1 2019 was 8.7 percent. According to Huawei’s Chairman, Liang Hua, operations are smooth and the organization is as sound as…
Cost of power generation increases
Karachi, July 30, 2019: Cost of power generation also increased on a full-year basis during the last fiscal year. According to the latest data, during FY19, the average cost was Rs5.36/KWh, 4.7 percent higher than FY18. This increase in average cost can be traced back to the energy mix where the costs of nearly all…
State Bank reiterates not to share personal information on fake calls
Karachi, July 29, 2019: It has come to our knowledge that fraudsters are attempting to defraud the banking customers by seeking bank account details on the pretext of biometric verification. In many cases, this is being done through fake calls by masking the official helpline or registered numbers of banks. The receivers apparently believe that…
PSX lost 369 points On Monday
Karachi, July 29, 2019: Pakistan Stock on first trading day of the week closed lower. Market continued trimming down, where the index shed 386 points during the session and ended at -369 points. Key results announced today were by Attock Group, which declared results for ATRL, NRL, ACPL and POL. With the exception of POL,…
FFC announces their financial result for 1HCY19
Karachi, July 29, 2019: Fauji Fertilizer Company Limited (FFC) announced the financial result for 1HCY19 today where the company posted a profit after tax (PAT) of PKR 8.9 billion (EPS: PKR 7.00), up by 89 percent YoY from last year’s profitability of PKR 4.7 billion (EPS: PKR 3.71). On a quarterly basis, PAT during 2QCY19…