stock alerts
stock screener
search stocks using your criteria

Site News

Main features: company information, stock markets, stock filters, intraday charts, alerts, portfolio, customized searches (details)
Site update: September 20 2018, at 16:00 PKST
Stock update: September 19 2018.

Recent Financial News in the 'company-news' category

Login or sign up to search news items.


Wednesday, September 19 2018

PPL profit soars 32% to Rs45.8 billion
KARACHI: Pakistan Petroleum Limited’s (PPL) profit rose 32% to Rs45.8 billion in the fiscal year ended June 30, 2018 on account of higher oil prices, rupee depreciation and higher other income. The company had registered a profit of Rs34.7 billion in the previous year. Earnings per share jumped to Rs23.24 in FY18 compared to Rs17.60 in the previous year, according to the consolidated profit or loss statement sent to the Pakistan Stock Exchange (PSX) on Tuesday. The company’s board of directors recommended a final cash dividend of Rs1.50 per share and 15% bonus shares. NAB sends notices to heads of oil and gas companies PPL’s share price increased 1.8%, or Rs3.72, to close at Rs210.94 with 905,500 shares changing hands at the PSX. The company posted the profit despite a 3% year-on-year decline in oil production in FY18, according to post-result comments made by Taurus Research.
Related news categories: business company-news economic-indicators misc oilgas-marketing psx stock-exchanges
Related symbols: ppl (news stock)

PPL records Rs45.7 billion profit
KARACHI: Pakistan Petroleum Ltd (PPL) posted unconsolidated profit after tax (PAT) for FY18 at Rs45.7bn (earnings per share: Rs23.17), up 28 per cent, from Rs35.7bn (EPS: Rs18.10) the previous year. The board proposed a final cash dividend of Rs1.50, in addition to the bonus shares at 15pc. Net sales increased 7.9pc to Rs126.2bn in FY18, from Rs117bn the year before. PSX profit plunges 77pc The Pakistan Stock Exchange (PSX) announced yearly PAT at Rs64.2m, down 77pc, from Rs277.3m the earlier year. This translated into EPS of Rs0.08, from Rs0.35. No final dividend was announced but interim had been paid at Re0.05 per share.
Related news categories: business company-news economic-indicators misc oilgas-marketing psx stock-exchanges
Related symbols: ppl (news stock)

Tuesday, September 18 2018

NBP wins ADB award of leading partner bank in Pakistan
KARACHI: National Bank of Pakistan (NBP) has won Asian Development Bank (ADB)’s annual Trade Finance Programme award-2018 for emerging as the leading partner bank of the ADB in Pakistan. The award was presented to the National Bank for the highest number of transactions with TFP in Pakistan during the period July 1, 2017 to June 30, 2018, said a statement. Shaikh Tariq Abdullah, Head Financial Institutions, International Banking Group, National Bank of Pakistan received this prestigious award on behalf of the bank in the Trade Finance Programme (TFP) Awards and Partners dinner held in Singapore recently. The NBP also received “Trade Deal of the Year Award” in last year’s ADB TFP Awards.
Related news categories: business comm-banks company-news economic-indicators ise kse lse misc psx stock-exchanges
Related symbols: nbp (news stock)

Friday, September 14 2018

In shift, Pakistani giant Engro to bet big on rising middle class
Pakistan’s chemicals-to-energy conglomerate Engro Corp has seen its fortunes rise on the back of massive Chinese investment, but plans to shape its future growth around the country’s vast population and expanding the middle class, its chief executive said. Engro Corp, best known for its fertilizer and petrochemicals factories, as well as engineering projects, is Pakistan’s largest listed conglomerate, and, after recovering from a brush with bankruptcy in the early part of this decade, is now sitting on a $500-million cash pile. It has been a major beneficiary of Beijing’s Belt and Road Initiative (alternatively known as the One Belt One Road (OBOR)) splurge, working with Chinese firms on coal and power projects worth billions of dollars.
Related news categories: business chemical company-news economic-indicators fertilizers misc psx stock-exchanges
Related symbols: engro (news stock)

Pakistani giant Engro to bet big on rising middle class
KARACHI: Pakistan’s chemicals-to-energy conglomerate Engro Corp has seen its fortunes rise on the back of massive Chinese investment, but plans to shape its future growth around the country’s vast population and expanding middle class, its chief executive said. Engro Corp, best known for its fertilizer and petrochemicals factories, as well as engineering projects, is Pakistan’s largest listed conglomerate, and after recovering from a brush with bankruptcy in the early part of this decade is now sitting on a $500 million cash pile. It has been a major beneficiary from Beijing’s Belt and Road Initiative splurge, working with Chinese firms on coal and power projects worth billions of dollars. Engro’s rising fortunes since 2012, when its factories were crippled by gas shortages, mirror the improvements in Pakistan, a nuclear-armed nation where economic growth has accelerated due to vast Chinese investment and a sharp drop in militancy and power outages.
Related news categories: business chemical company-news economic-indicators fertilizers misc psx stock-exchanges
Related symbols: engro (news stock)

pkfinance.info helpline: +92-42-3631-4186 (10:30am to 5:30pm)