Karachi, August 28, 2019: Meezan Bank Limited (MBL) announced Profit After Tax (PAT) of Rs4.1 billion in second quarter of this calendar year (2Q2019). The earning per share of the bank was Rs3.2, up 88 percent year on year on the back of increase in net spread earned; up by 77 percent YoY. The bank…
Karachi, August 28, 2019: The Board of Directors of BankIslami Pakistan Limited has approved the Bank’s financial results for the half year ended June 30, 2019 in their meeting held in Karachi on August 27, 2019. During half year ended June 30, 2019, the Bank generated operating profit before provisions to the tune of Rs….
Karachi, August 27, 2019: Indus Motor Company Limited (IMC) posted 16 percent YoY decline in its 4QFY19 earnings, reporting EPS of Rs43.9 which is above our expectations mainly due to lower effective tax rate charged in 4QFY19. Company has also declared DPS of Rs27.50/share in addition to DPS of PKR87.50/share already paid during the year,…
Karachi, August 19, 2019: The Board of Directors of Bank Alfalah Limited in its meeting held on August 18, 2019, in Abu Dhabi, approved the Bank’s unaudited interim financial statements for the half year ended June 30, 2019. The Bank’s first half 2019 pre-tax profits grew by 14 percent from a year ago, helped by…
Karachi, August 8, 2019: Engro Fertilizer (EFERT) posted earnings of Rs3.2 billion (EPS Rs2.38) down 2.5 percent YoY mainly on the back of higher other operating expenses and finance cost. On a cumulative basis during 1HCY19 earning remained flat at Rs7.18 billion (EPS: Rs5.38). According to Topline, consolidated gross margins of the company increased by…