HMB earns Rs2.95bn profit

KARACHI: Habib Metro posted its half yearly profit after tax (PAT) at Rs2.95 billion, higher by 32pc, translating into earnings per share (EPS) of Rs2.81.

During the 2QCY18, the bank recorded 17pc higher net interest income, witnessing 23pc year-on-year growth in interest earned.—Staff Reporter

Unilever Foods profit grows 14.1pc

KARACHI: Unilever Pakistan Foods declared 1HCY18 PAT at Rs864m and EPS Rs138.38, up 14.1pc, over Rs757m profit and Rs122.12 (reinstated) EPS last year.

The board declared interim dividend at Rs44 per share. Sales grew 11.9pc to Rs6.23bn, from Rs5.58bn, attributable to strong brand, innovations and sustained investments in advertisement.—Equities Correspondent

Hubco records Rs8.56bn earnings

KARACHI: Hub Power Co’s (Hubco) unconsolidated PAT was recorded at Rs8.56bn (EPS: Rs7.40) for FY18, from Rs8.27bn (EPS: 7.13) in the previous year.

The company declared final dividend at Rs2.80 per share which was in addition to the Rs4.60 interim already paid.—Equities Correspondent

Hascol Petroleum posts Rs1.03 PAT

KARACHI: Hascol Petroleum Ltd declared Rs1.03bn earnings and Rs7.10 EPS for 1HCY18, up 87pc over PAT at Rs791m and EPS Rs6.12.

The board declared an interim dividend at Rs3.50 per share. Net sales rose to Rs121.7bn, from Rs77.5bn.—Equities Correspondent

Ola starts operations in Britain

LONDON: Indian ride-hailing company Ola began operating in south Wales on Monday ahead of a planned expansion across Britain by the end of the year, intensifying its battle with US rival Uber.

Britain is Ola’s second venture into a foreign market after it started operations in Australia in February.

Published in Dawn, August 21st, 2018