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56th annual general meeting of SNGPL shareholders held


Daily Times
July 31, 2021
The 56th annual general meeting of shareholders of Sui Northern Gas Pipelines Limited (SNGPL) was held on Thursday which approved Annual Accounts for the FY 2019-20 with profit after tax of Rs5,998 million translating into Earning Per Share (EPS) of Rs9.46.
The shareholders also approved Cash Dividend of 40pc i.e. Rs4.0 per share on the recommendations of the Board of Directors of the SNGPL, said a press release. Moreover, the shareholders re-appointed M/s Yousaf Adil, Chartered Accountant as Auditors for FY 2020-21.
The chairperson, Roohi Raees Khan, informed the shareholders that despite numerous economic and financial challenges, the SNGPL remained focused on yielding good results under the wise guidance of the board of directors along with consistent efforts of the management and staff. She added that the company declared the dividend for the third consecutive year. ....

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MCB profit increases to Rs 6.8 billion


Daily Times
April 21, 2021
The Board of Directors of MCB Bank Limited (MCB) in itsmeeting under the Chairmanship of Mian Mohammad Mansha, on April 20, 2021reviewed the performance of the Bank and approved the condensed interim financial statements for the first quarter ended March 31, 2021. The Board of Directors has declared first interim cash dividend of Rs. 4.5 per share, continuing with its highest dividend payout trend.
During the period under review, MCB continued with its strategic focus on generating sustainable stakeholder value, while proactively monitoring the resurgence in COVID-19 outbreak and its potential ramifications on the macroeconomic and operating environment.
MCB’s unconsolidated Profit After Tax (PAT) for the three month period ended March 31, 2021 increased to Rs. 6.79 billion; translating into an Earning Per Share (EPS) of Rs. 5.73 against an EPS of Rs. 5.50 in corresponding period last year. Net Interest income reported at Rs. 15.24 bill ....

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Webinar highlights key financial ratios for investors


Webinar highlights key financial ratios for investors
 14 Apr 2021 - 10:15
Deepak John | The Peninsula
Qatar Stock Exchange (QSE) organized a webinar on ‘Key 5 Financial Ratios Every Investor Must Understand’ which is part of QSE’s online-financial education initiative. Samer Abou Zaghla, QSE Education Manager demonstrated the most important five ratios every investor should know when trading on the stock exchange and what they mean during the webinar.
He said, “An investor should have investment goals when they invest in the stock market, highlighting three popular goals for investors”. He said the listed companies in all stock exchanges have obligations which are called disclosures which should always be disclosed to the market, shareholders, and investors as all this information has an impact on the price. ....

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