Fauji Cement Company Limited (FCCL) recorded a 13% increase in quarterly profit, reaching Rs. 2.61 billion. Their net sales also surged by 38.2% to Rs. 20.3 billion in the first quarter of FY24.
United Bank Limited (UBL) achieved a record nine-month profit of Rs. 42 billion, marking a significant 126% increase year-on-year, driven by higher net interest income and provisioning reversals. UBL’s dividend announcement of Rs. 11 per share further solidifies its reputation as a top dividend payer in the banking industry.
Habib Metropolitan Bank (HMB) has reported strong financial results for the first nine months of 2023 (9MCY23), with a significant profit increase of 82.72% compared to the same period last year. The bank’s net interest income (NII) surged, driven by increased interest earnings, while it also experienced growth in non-markup income.
Fauji Foods Limited (FFL) has posted a profit of Rs. 38.6 million for the quarter ending September 30, 2023, marking a significant improvement compared to the loss incurred in the same period the previous year. The company’s financial performance has been bolstered by increased revenue and cost-efficiency measures.
Yadea and Road Prince are teaming up to introduce eco-friendly electric scooters, offering a cost-effective and sustainable way to navigate the country. With a 24-month warranty, this partnership promises a greener future for Pakistani mobility.
KSE-100 Index soars, propelling Pakistan to the second-best stock market globally, as investor optimism and robust economic performance continue to drive remarkable growth.
Avoid the news because it’s always too negative? Don’t worry! We focus on the positive in Pakistan.
