KASB Bank posts Rs171m profit

KARACHI: KASB Bank posted operational profit of Rs171 million for the first half (January-June) of this calendar year, said a press release.

The bank’s total assets amounted over Rs69 billion. Moreover, it handled home remittances of over Rs2bn during the period under review, the release added.

IMC announces final cash dividend

KARACHI: The Indus Motor Company (IMC) has announced final cash dividend of Rs23.50 per share, in addition to an earlier interim dividend of Rs6 per share.

Thus the cumulative dividend paid for the fiscal year reached Rs29.50 per share.

The IMC reported profit-after-tax of Rs3.87 billion during 2013-14, increase of 15 per cent over the previous year. However, the sales revenue decreased by 11pc to Rs57bn from Rs64bn in 2012-13.

Published in Dawn, September 3rd, 2014