Cassini Partners to launch in Pakistan

ISLAMABAD: Cassini Partners, a private equity firm, will launch its operations in Pakistan from May 2. The company will focus on manufacturing, transport, and logistics and business services sectors, said a press release.

It will work with investors and management teams in Pakistan as well as internationally to bring investment capital and expertise to further growth in all areas of the country.—Reporter

Fauji Cement PAT soars by 28pc

KARACHI: Fauji Cement Company Ltd (FCCL) posted 3QFY18 profit after tax (PAT) at Rs854 million on Tuesday translating into earning per share (EPS) at Rs0.62. This reflected a growth of 28 per cent over PAT at Rs669m and EPS at Rs0.48 in the same quarter last year.

The earnings of the latest quarter took the 9MFY18 profitability to Rs2.12bn (EPS: Rs1.54), up by 8pc year-on-year from 9MFY17 figure of Rs1,972m (EPS Rs1.43).

ISL records Rs1,035m profit: International Steels Limited (ISL) declared 3QFY18 PAT at Rs1,053m (EPS: Rs2.42), up 23pc from Rs857m and EPS at Rs1.97 in 3Q17. For 9MFY18 cummulative earnings surged 60pc to EPS at Rs7.43.

Published in Dawn, April 18th, 2018