KARACHI: Pakistan Oilfields Ltd recorded 1QFY20 profit after tax (PAT) at Rs4 billion and earnings per share of Rs14.12, representing growth of four per cent over net profit at Rs3.87bn and EPS of Rs13.62 in same period last year.

Attock Cement earns Rs358m

Attock Cement Pakistan Ltd (ACPL) posted quarterly unconsolidated PAT at Rs358 million (EPS Rs2.60) as compared to earnings of Rs423m (EPS: Rs3.08) in same period last year.

Meanwhile, gross margins improved five percentage points to 26pc.

National Refinery incurs Rs678m loss

National Refinery Ltd (NRL) declared 1QFY20 loss of Rs678m, down from net loss of Rs1.07bn in same period last year. Loss per share decreased to Rs8.49 from Rs13.33.

EPCL profits jump

Engro Polymer and Chemicals Ltd (EPCL) announced 3QCY19 PAT of Rs1.30bn (EPS: Rs1.43), up by 20pc year-on-year over Rs1.08bn (EPS: Rs1.19) during same period last year.

It took the 9MCY19 PAT to Rs2.84bn (EPS: Rs3.12) versus Rs3.86bn (EPS: Rs4.24). The company also announced a cash dividend of Rs0.60 per share in contrast to nil dividend expectations.

OICCI spends Rs5.5bn on CSR

The Overseas Investors Chamber of Commerce and Industry (OICCI) member companies spent Rs5.5 billion on corporate social responsibility activities

during 2018-19 benefiting 5.8 million people across the country.

As per OICCI 2018-19 CSR report, the areas, that remained under focus of OICCI member countries, included education, human capital development, healthcare, nutrition, environment and infrastructure development.

Published in Dawn, October 16th, 2019