Oct 20

Allied Bank’s profit declines in 9MCY22 as tax payment surges by 129%

KARACHI: Allied Bank of Pakistan (ABL) has declared fall in net profit to Rs12.63 billion during nine months period ended September 30, 2022 as tax payment of the bank surged by 129 per cent. According to financial results submitted to Pakistan Stock Exchange (PSX) on Thursday, the bank declared Rs12.63 billion profit after tax during […]

by Faisal Shahnawaz

UBL announces 18% decline in net profit on huge tax payment

Oct 20

Corporate, Money & Banking

UBL announces 18% decline in net profit on huge tax payment

KARACHI: United Bank Limited (UBL) has posted 18 per cent decline in net profit to Rs18.76 billion for the nine months period ended September 30, 2022. The profit after tax of the bank was Rs22.76 billion in the same months of the last year, according to financial results of the bank submitted to the Pakistan […]

by Faisal Shahnawaz

Meezan Bank posts sharp growth of 46% in 9MCY22

Oct 19

Corporate, Money & Banking

Meezan Bank posts sharp growth of 46% in 9MCY22

KARACHI: Meezan Bank Limited has posted massive 46 per cent growth in net profit for the nine months period ended September 30, 2022. According to unconsolidated financial results for quarter and nine- month period ended September 30, 2022 submitted to Pakistan Stock Exchange (PSX) on Wednesday, the bank posted after tax profit of Rs28.59 billion […]

by Faisal Shahnawaz

Bank Alfalah posts PKR 14.28 billion profit after tax for 9MCY22

Oct 17

Corporate, Money & Banking

Bank Alfalah posts PKR 14.28 billion profit after tax for 9MCY22

KARACHI: Bank Alfalah has posted massive PKR 14.28 billion profit after tax for period of nine months (January – September) 2022, showing a growth of 33 per cent in the corresponding months last year. The bank recorded profit after tax of PKR 10.75 billion in the first nine months of the calendar year 2021. Board […]

by Hamza Shahnawaz

Murree Brewery annual tax payment increases 139%

Sep 22

Corporate

Murree Brewery annual tax payment increases 139%

Murree Brewery Company Limited – Pakistan’s largest and oldest producer of alcoholic products – on Thursday announced financial results for the year ended June 30, 2022. The annual profit of the company remained flat at Rs1.29 billion as tax payment surged by 139 per cent. According to financial statement submitted to the Pakistan Stock Exchange […]

by Faisal Shahnawaz

Unilever Pakistan declares 38% growth in profit for 1HCY22

Aug 27

Corporate

Unilever Pakistan declares 38% growth in profit for 1HCY22

KARACHI: Unilever Pakistan Foods Limited has declared 38 per cent growth in the net profit for the half year ended June 30, 2022. The company declared 38 per cent growth in profit before income tax at Rs3.34 billion for the half year ended on June 30, 2022 as compared with Rs2.42 billion in the same […]

by Faisal Shahnawaz

Standard Chartered Pakistan registers 84% growth in PBT during 1HCY22

Aug 26

Corporate, Money & Banking

Standard Chartered Pakistan registers 84% growth in PBT during 1HCY22

KARACHI: Standard Chartered Bank Limited (SCBPL) announced the record half-yearly profit before tax (PBT) of Rs22 billion, showing an increase of 84 per cent, according to a statement released on Friday. Overall revenue grew by 60 per cent to deliver highest ever top-line of Rs27.4 billion, with positive contributions from all segments. Operating expenses continue […]

by Faisal Shahnawaz

Pakistan State Oil’s profit surges by 224% to Rs95.72 bn

Aug 26

Corporate, Energy

Pakistan State Oil’s profit surges by 224% to Rs95.72 bn

Pakistan State Oil Company Limited (PSO) on Friday declared massive growth in net annual profit of 224 per cent to Rs95.72 billion for the year ended June 30, 2022. The state oil company announced profit after tax at Rs95.72 billion for the year ended June 30, 2022 as compared with Rs29.55 billion in the preceding […]

by Faisal Shahnawaz

National Bank announces 28% fall in net profit for 1HCY22

Aug 18

Corporate, Money & Banking

National Bank announces 28% fall in net profit for 1HCY22

KARACHI: National Bank of Pakistan (NBP) on Wednesday announced a sharp decline of 28 per cent in net profit for half year ended June 30, 2022. According to financial results submitted to Pakistan Stock Exchange (PSX), the bank announced Rs12.24 billion as profit after tax during the first half (January – June) of calendar year […]

by Faisal Shahnawaz

Shell Pakistan announces Rs7.47 billion profit for 1HCY22

Aug 17

Corporate, Energy

Shell Pakistan announces Rs7.47 billion profit for 1HCY22

KARACHI: Shell Pakistan Limited on Wednesday announced Rs7.47 billion as after tax profit for the half year ended June 30, 2022. The Board of Directors of Shell Pakistan Limited (SPL) approved the company’s half year results on August 17, 2022. The Company posted a profit after tax of Rs7.47 billion compared to the profit of […]

by Faisal Shahnawaz