Lucky Cement profit down 10.9pc

KARACHI: The company recorded an unconsolidated net profit after tax of Rs12.20 billion, down 10.9per cent compared to Rs13.7bn last year. Earnings per share amounted to Rs37.72 from 42.34 per share the year before. A final cash dividend of Rs8 per share was proposed, which is in addition to the interim dividend at Rs5 per share.--Equities Correspondent

FFC posts Rs4.72bn earnings

LAHORE: Fauji Fertiliser Company (FFC) half yearly net profit rose 24 per cent to Rs4.72 billion, translating into earnings per share of Rs3.71. A second interim dividend of Rs1.40 per share, with an aggregate distribution of Rs3.15 per share, was announced.—Staff Reporter

Tata Motors skids to first quarterly loss

NEW DELHI: India’s Tata Motors Ltd reported its first quarterly loss in nearly three years on Tuesday as its British unit Jaguar Land Rover (JLR) sold fewer of its luxury cars to dealerships in China and expenses rose.

Dealers in China delayed purchases to benefit from an import duty cut that came into effect after the end of the quarter, the automaker said.

China decided to cut import tariffs for cars and car parts to 15 per cent for most vehicles from 25pc starting July 1, opening up greater access to the world’s largest auto market and helping to ease a recent flare-up in trade tensions with the United States. The move should in coming quarters provide a boost for overseas carmakers.

Published in Dawn, August 1st, 2018