Honda Atlas Cars (Pakistan) Limited (HCAR) on Friday announced its financial result for 1HMY25 today, posting a profit after tax of PKR 460 million (EPS: PKR 3.22), representing Year on Year (YoY) decrease of 44%.
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Corporate sector insights covering business strategies, governance, finance, taxation, and regulatory developments shaping company performance.
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DFML Defaults Over Rs 1 Billion in Repayments: Auditor’s Report
Karachi, November 22, 2024 – An independent auditor’s report prepared by Feroz Sharif Tariq & Co. has revealed that Dewan Farooque Motors Limited (DFML) has defaulted on the repayment of long-term loans from financial institutions amounting to Rs 1.097 billion. Additionally, short-term financing facilities totaling Rs 4.096 billion have expired and have not been renewed by banks.
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Hascol Petroleum Responds to PSX on Share Price Fluctuations
Karachi, November 20, 2024 – Hascol Petroleum Limited on Wednesday submitted its reply to Pakistan Stock Exchange (PSX) regarding unusual movements of shares. Hascol Petroleum said that the company remains committed to promptly disclosing any material or price-sensitive information that may impact the trading price or volume of its shares, in strict compliance with the Securities Act, 2015 and PSX Regulations.
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IBEX Repurchases 20% Stake from TRGI in $70 Million Deal
Karachi, November 20, 2024 – TRG Pakistan (TRG) announced that its associate company, The Resource Group International (TRGI), has entered into a definitive agreement with IBEX Limited (Nasdaq: IBEX), which has repurchased approximately 3.56 million shares of IBEX from TRGI. The repurchased shares represent 20% of IBEX’s total outstanding shares, reducing TRGI’s stake in the company from 30% to 12.5%.
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PSX Asks Hascol Petroleum to Explain Unusual Share Movements
Karachi, November 20, 2024 – The Pakistan Stock Exchange (PSX) has issued a formal notice to Hascol Petroleum Limited, requesting an explanation regarding the unusual fluctuations in the price and volume of its shares.
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CCP Greenlights Total Parco Stake Transfer Deal
Islamabad, November 18, 2024 – The Competition Commission of Pakistan (CCP) has approved the acquisition of a 50% stake in Total Parco Pakistan Limited (TPPL) by Aquashore SA, a Switzerland-based company operating under the Gunvor Group. This strategic move further underscores the growing global interest in Pakistan’s dynamic energy sector.
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MYT Pending, KE Fails to Transmit Financial Statements
Karachi, November 18, 2024 – K-Electric (KE) has faced a setback in transmitting its annual financial statements and holding its Annual General Meeting (AGM) due to the pending determination of its Multi-Year Tariff (MYT) by the National Electric Power Regulatory Authority (NEPRA).
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OGDCL Aims to Finalize Reko Diq Feasibility Study by End-2024
Karachi, November 15, 2024 – The Oil and Gas Development Company Limited (OGDCL) has announced that the feasibility study for the Reko Diq copper-gold project is expected to conclude by December 2024. The update came during OGDCL’s Corporate Briefing Session (CBS) on Friday, where the company outlined its financial performance and future outlook.
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Jazz Achieves Strong Growth in Q3 2024 with Digital Innovation
Jazz, alongside its subsidiaries JazzCash, Mobilink Microfinance Bank (MMBL), and other VEON Group digital entities in Pakistan, has reported impressive financial results for Q3 2024, marking a significant milestone in its digital transformation.
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SECP Registers Over 2,400 Companies in October 2024
Islamabad, November 14, 2024 – The Securities and Exchange Commission of Pakistan (SECP) registered 2,477 new companies in October 2024, bringing the total number of companies in the country to 233,587.
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