KARACHI: DG Khan Cement Company (DGKC) declared loss after tax at Rs2.16 billion and loss per share at Rs4.93 for FY20, as against post-tax profit at Rs1.61bn and earnings per share at Rs3.67 the previous year.

Sales fell 6pc to Rs38bn, from Rs40.5bn. Sharp decline in gross profit and heavy increase in finance costs caused losses for FY20.

Mughal Steel earns Rs593m

Mughal Iron and Steel reported FY20 PAT at Rs593 million and EPS at Rs2.36, down 57pc from PAT at Rs 1.37bn and EPS at Rs5.46 the earlier year.

The results were thought to be better than expected.

HabibMetro wins Islamic banking award

HabibMetro has won the Best Islamic Banking Brand award at the Global Islamic Finance Awards (GIFA) 2020, a press release showed.

“We are honored to be recognised at GIFA’s global platform. We owe this recognition to our clients whose patronage gives us the opportunity to grow our Islamic banking business, and our employees whose efforts enable us to achieve our aspirations,” HabibMetro’s Chief Executive Officer and President Mohsin Ali Nathani said on the occasion.

Published in Dawn, September 18th, 2020