Karachi: Oil and Gas Development Company (OGDC) has made a new discovery at the Baloch-2 well in the Sinjhoro Block, Sindh, which is expected to significantly boost its production with 388 barrels of condensate and 6.8 million cubic feet of gas per day…
Brokerage
This category covers all news from Pakistan related Brokerage
Pakistan State Oil and Fauji Cement Post Strong FY24 Results with Significant Dividend Payouts
Karachi: Pakistan State Oil (PSO) and Fauji Cement Company Ltd. (FCCL) announced their financial results for FY24 today, revealing substantial year-over-year earnings growth and unexpected dividend payouts. PSO recorded a significant increase in profit…
Systems Limited Forecasts Robust Growth in Second Quarter Earnings
Karachi: Systems Limited is anticipated to report a substantial year-over-year revenue increase and solid profit in its second-quarter results for CY24, reflecting continued growth in the Middle East, Africa, and North American markets.According to AKD…
MCB Limited Reports 20% Growth in Profit Before Tax for First Half of 2024
Karachi: MCB Limited has disclosed its financial results for the first half of 2024, reporting a 20% increase in profit before tax, which amounted to PKR 31.9 billion. The results reflect strong gains in net markup and non-interest income despite econo…
Allied Bank Limited Reports Strong First Half 2024 Earnings, Plans Expansion
Karachi: Allied Bank Limited (ABL) has reported a notable increase in profits for the first half of the fiscal year 2024, driven by significant growth in net interest and non-markup income, as well as a reversal of previous provisions. The bank announc…
Fatima Fertilizer Reports Quadruple Increase in Earnings for Second Quarter 2024
Karachi: Fatima Fertilizer Company Ltd. (FATIMA) today announced a significant rise in its second-quarter earnings for 2024, with profits surging by approximately 4.4 times compared to the same period last year, driven by improved gross margins and inc…
HBL Maintains Steady Dividend Payout in 2QCY24 Despite Slight Profit Decline
Karachi: Habib Bank Limited (HBL) has maintained a steady interim dividend payout of PKR 4.0 per share for the second quarter of 2024, reflecting a stable financial posture despite a modest decrease in quarterly profit. The bank reported a net profit a…
HUBC Reports Strong Financial Performance in FY24, Announces Dividend and New JV
Karachi: The Hub Power Company (HUBC) has released its financial results for the fiscal year 2024, reporting consolidated earnings of PKR 70 billion, which is a 22% increase from the previous year. This performance has slightly exceeded market expectat…
Allied Bank Limited Reports Strong Half-Year Financial Performance
Karachi: Allied Bank Limited (ABL) has reported a substantial increase in its profits for the first half of the calendar year 2024, during an analyst briefing held earlier today. The bank’s profit surged by 36% year-on-year to PKR 23.6 billion, driven …
Crescent Steel Reports Strong Financial Performance Amid Favorable Business Developments
Karachi: Crescent Steel and Allied Products Limited (CSAP), a key player in the production of coated steel line pipes and cotton yarn, has witnessed substantial growth, reporting a net profit after tax (NPAT) of PkR1.6 billion for FY24, a significant i…