BoP profit rises by 100pc

LAHORE: Bank of Punjab’s (BoP) profit-before-tax rose by 100 per cent to Rs4.2 billion for the half year ended June 30, 2015 from Rs2.1bn in the same period last year.

Its board in a meeting on Friday, declared the earnings per share at Rs1.78.

Its total assets increased to Rs441bn and deposits touched Rs386bn as compared to Rs342bn, a rise of 13pc. The advances and investments increased to Rs195bn and Rs170bn, respectively. —Staff Reporter

IMC earnings surge to Rs9.1bn

KARACHI: Indus Motor Company’s (IMC) profit-after-tax increased to Rs9.1 billion during the year 2014-15 from Rs3.9bn in the preceding year.

Its board, which met on Friday, announced a final dividend at Rs40 per share, making the total payout at Rs80 per share.

In 2013-14, Rs29.50 per share was paid to the shareholders.

Its gross sales revenue rose by 68 per cent to Rs116bn from Rs69bn in the same period last year.

It contributed Rs32bn in 2014-15 to the national exchequer.— Reporter

BoK earns Rs710m

PESHAWAR: Bank of Khyber (BoK) on Friday announced profit-after-tax at Rs710.04 million during the half year ended June 30, 2015 as compared to Rs633.73m in the same period last year, an increase of 12 per cent.

Its operating profit increased by 63pc to Rs1.609bn from Rs987.65m, and its net assets rose by 32pc to Rs142.46bn from Rs108.19bn in the same period last year.—Staff Reporter

P&G appoints country manager

KARACHI: Procter and Gamble (P&G) Pakistan has appointed Sami Ahmed as the country manager with effect from Sept 1, 2015, said a press release.

PSO launches tender to buy LNG cargo

MILAN: Pakistan State Oil Co on Friday launched a tender to buy one cargo of liquefied natural gas (LNG) for delivery on December 25-27, a document on the state-owned company’s website said.

The company is seeking a cargo quantity of 143,000 cubic metres, plus or minus five per cent. The deadline for bid submissions is Oct 15.—Reuters

Published in Dawn, August 29th, 2015

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