Attock Petroleum profit plunges

KARACHI: Attock Petroleum Ltd (APL) posted profit after tax (PAT) at Rs1.58 billion, translating into earnings per share (EPS) of Rs15.88 for the first half of 2019-20.

This represented a decline of 25pc from PAT at Rs2.10bn and EPS Rs21.13 in 1HFY19. During October-December, earnings were recorded at Rs355m (EPS: Rs3.57), down 36pc year-on-year and 71pc quarter-on-quarter. The company also announced an interim cash dividend at Rs5 per share.—Equities Correspondent

Tesla value tops $100bn

WASHINGTON: Tesla’s market value hit $100 billion for the first time on Wednesday, triggering a payout plan that could be worth billions for Elon Musk, founder and chief of the electric carmaker.

Shares in Tesla rose some six per cent in early trade to lift the value of the fast-growing maker of electric vehicles to around $105bn.

Published in Dawn, January 23rd, 2020