09272016Tue
Last update: Tue, 27 Sep 2016 10pm

Company News: Pakistan

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Nishat Power Limited has posted Rs 2.851 billion as profit after tax in the year ended June 30, 2016 (FY16) as compared to Rs 3.116 billion earned in the same period in FY15. The company's earning per share stood at Rs 8.052 against Rs 8.802. The board of directors of the company in its meeting recommended final cash dividend for the year at Rs 1.50 per share ie 15 percent. This is in addition to interim dividends already paid at Rs 4.50 per share ie 45 percent.
Sitara Chemical Industries Limited posted Rs 769.221 million as profit after tax for the year ended June 30, 2016 (FY16) as compared to Rs 986.431 million earned in the same period in FY15. The earning per share of the company stood at Rs 35.90 in the period under review against Rs 46.03 in the same period a year back. The board of directors of the company in its meeting approved final cash dividend for the year at Rs 11.50 per share ie 115 percent.
Din Textile Mills Limited has posted Rs 60.518 million as profit after tax in the year ended June 30, 2016 (FY16) as compared to after tax loss of Rs 200.323 million in the same period in FY15. The company's earning per shares stood at Rs 2.70 in this period against per share loss of Rs 8.93 in the same period a year ago.
ImageThe country's national flag carrier, Pakistan National Shipping Corporation (PNSC) has been listed on the Karachi Stock Exchange since 1980. Pakistan National Shipping Corporation (the Holding Company), its subsidiary companies and an associate (together 'the Group') were incorporated under the provisions of the Pakistan National Shipping Ordinance, 1979 and the Companies Ordinance, 1984, respectively. The PNSC Group is principally engaged in the business of shipping, including charter of vessels, transportation of cargo and other related services. The Group is also engaged in renting out its properties to tenants under lease agreements.
ImageBR Research recently had a detailed discussion on agri-finance with Saeed Ahmad, Deputy Governor, State Bank of Pakistan; following are the edited excerpts of it.
The profit after tax of Shield Corporation Limited stood at Rs 46.843 million in the year ended June 30, 2016 as compared to Rs 47.649 million earned in the same period in previous year. The company's earning per share stood at Rs 12.01 against Rs 12.22.
The profit after tax of Balochistan Wheels Limited has increased to Rs 153.272 million in the year ended June 30, 2016 as compared to Rs 95.936 million earned in previous year. The company's earning per share surged to Rs 11.49 against Rs 7.19. The Board of Directors of the company in its meeting held here on Thursday recommended a final cash dividend for the year at Rs 5 per share ie 50 percent.