Business
April 27, 2021
KARACHI: Nishat Group’s DG Khan Cement has announced a net profit of Rs2.24 billion translating into earning per share (EPS) of Rs5.11 for the quarter ended March 31, 2021, compared with the loss of Rs1.07 billion in the same period last year.
The company did not announce any payout along with the corporate results.
For the nine month period, net profit clocked in at Rs3.25 billion and EPS of Rs7.42 against loss of Rs2.01 billion in the same period last year.
Sales revenues during 9MFY21 stood at Rs35.37 billion, up 6.5 percent from Rs33.217 billion in 9MFY20.
“Sales, in value terms, registered growth primarily due to stable local cement prices amid soaring cement demand. Gross profit improved despite low clinker production, largely attributable to stable input costs,” the company noted.
Daily Times
April 7, 2021
Following an abysmal performance in the previous session, bulls staged a comeback at Pakistan Stock Exchange (PSX) on Tuesday, as benchmark KSE-100 index gained 856 points by the closing bell to clock at 44,404.70 level.
Tuesday’s strong performance followed series of trading sessions where Investors struggled to gain a firm foothold, ever since the benchmark KSE-100 index slipped from the recent high of 47,000 points, owing to rising Covid-19 infection cases that resulted in fresh rounds of lockdown.
On Tuesday, technology sector which took the major beating in the previous sessions, was the top performer, flowing PM Imran Khan’s intentions to promote the sector by giving several incentives in the outgoing year. The PM on Monday said the establishment of Special Technology Zones (STZs) would ensure promotion of information technology in the country and directed finalization of a time-line based strategy in this regard.
Metro project to get 64 new buses
Lahore
March 17, 2021
LAHORE:A syndicate of banks led by the Bank of Punjab as mandated lead adviser and arranger signed a financing agreement of Rs2.6 billion with the VEDA Transit Solutions for provision of 64 new environment friendly buses to Lahore Metro Bus.
The other banks included in the syndicates are Samba Bank Limited, Askari Bank Limited, Bank Alfalah Limited and JS Bank Limited. These banks acted as co-arrangers for the transaction.
Director VEDA Muhammad Ammar Khan and head of Investment Bank of Punjab Rizwan Hameed signed the financing agreement in the presence of Minister for Transport Jehanzeb Khan Khichi at a ceremony here on Tuesday. Speaking on the occasion, Jehanzeb Khan Khichi said that the Punjab government will take every step to ease the difficulties of general public, especially in the provision of public transport service. Lahore Metro Bus is a vital infrastructure project of the city and over time it has turned out t
Lahore Metro Bus Service to Add 64 New Buses to its Fleet propakistani.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from propakistani.pk Daily Mail and Mail on Sunday newspapers.
The listing of the said shares took place today.
Engro Polymers and Chemicals Limited aimed to raise Rs. 3 billion, through 300 million preference shares of the face value of Rs. 10 per share. Out of the 300 million preference shares, 262.5 million preference shares (87.5 percent) were offered to and subscribed by the Pre-IPO investors. Whereas 37.5 million preference shares (12.5 percent) were offered to the general public.
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The applications were received for subscriptions of more than 202 million shares being received against an allocated target of 37.5 million shares in the general public portion of the said IPO. The result of the IPO has thus been oversubscription by 5.39 times or by more than 164.547 million shares or Rs. 1.645 billion.