Islamabad, Engro Polymer Chemical Limited (EPCL) conducted a corporate briefing to discuss its financial performance for the first quarter of 2024, revealing a loss after tax of Rs 900 million. This downturn contrasts with the profit reported in both t…

Karachi, In a significant financial update, VIS Credit Rating Company Limited has upgraded the entity ratings of Transsion Tecno Electronics (Pvt) Limited (TTEPL) to ‘A-/A-2’ from ‘BBB+/A-2’, reflecting improved credit quality and stable economic condi…

Islamabad, Fauji Cement Company Ltd (FCCL) and DG Khan Cement Company Ltd (DGKC) are set to disclose mixed financial results for the third quarter of fiscal year 2024. FCCL is expected to see a decline in earnings due to increased depreciation expenses…

Karachi, Despite experiencing a decline in profits during the first quarter of 2024, Pakistani banks are expected to maintain their dividend payouts. As per the latest forecasts by JS Research, banks under its coverage are anticipated to report a signi…

Islamabad, The profitability of major Pakistani fertilizer companies is projected to improve in the first quarter of 2024, despite facing challenges such as increased gas rates and price adjustments. This growth is attributed to higher retention prices…

Karachi, VIS Credit Rating Company Limited (VIS) has officially withdrawn the entity ratings for Eastern Spinning Mills Limited (ESML), effective immediately. This action follows the non-renewal of the rating contract that was last updated in January 2…

Karachi, The fertilizer industry is poised for significant sales growth in March 2024, with Urea and DAP (Diammonium Phosphate) sales expected to increase markedly. Urea sales are projected to reach 590,000 tons, marking a 21% increase year-over-year (…

Karachi, VIS Credit Rating Company Limited (VIS) has reaffirmed the entity ratings of Syntronics Limited (SL) at ‘BBB+/A-2’, denoting adequate credit quality with a stable outlook. The medium to long-term rating reflects reasonable and sufficient prote…

Karachi, VIS Credit Rating Company Limited (VIS) announced the withdrawal of the entity ratings for Qadri Textile Mills Limited (QTML). The action, effective immediately, follows the non-renewal of the rating contract between QTML and VIS. The previous…

Karachi, VIS Credit Rating Company Limited (VIS) announced the immediate withdrawal of its entity ratings for Magna Textile Industries (Pvt.) Limited (MTIL) due to the non-renewal of their rating contract. This decision follows a recent rating action o…