Business
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…
ASL caught mis-declaring imported goods to evade duty and taxes
Karachi, July 29, 2019: MCC Port Qasim has detected gross mis-declaration of imported goods by M/s Amreli Steels Limited, which would have caused a significant revenue loss if went undetected. Amreli Steels Limited was incorporated in 1984 as a private limited company and converted into a public unquoted company in 2009. The Company is mainly…
Lucky Cement Limited posted unconsolidated earnings down by 14 percent YoY
Karachi, July 29, 2019: During 4QFY19, profitability clocked-in at Ra 2.196 billion (EPS: PKR 6.79), down by 8 percent YoY / 21 percent QoQ. In addition, the company announced a dividend of Rs 6.5 per share (Rs 13.00/share in FY18). According to Arif Habib Research Company’s topline witnessed a dip of 12 percent YoY to…
Toyota Motors releases public notice of some 17 Toyota cars stolen
Karachi, July 29, 2019: After the termination the dealership of Toyota Gujranwala Motors (TGUJM) on 13 May 2019. Toyota motors release a public notice in which they mention that “17 vehicles received by Toyota Gujranwala Motors for onward delivery to our customers, have been stolen along with their sales certificates and sale invoices including other…