KARACHI: Kot Addu Power Company (Kapco) declared profit after tax (PAT) at Rs23.6 billion for the year ended June 30, turning into earnings per share (EPS) at Rs26.83.

The net income was higher by a staggering 80 per cent over the previous year’s PAT at Rs13.1bn and EPS at Rs14.90.

Nishat Mills income plunges

Nishat Mills Ltd, the textile composite unit, reported unconsolidated PAT at Rs3.51bn and EPS at Rs9.97 for FY20. The represented a plunge of 40pc over from Rs5.86bn PAT and EPS at Rs16.66 in FY19. The board paid dividend at Rs4 per share and the results were said to be in line with expectations.

EU pays $384m for Covid vaccine

The European Union has agreed to buy a potential Covid-19 vaccine from Sanofi and GSK in its second such deal to secure supplies, as a deadline for joining the World Health Organisation’s (WHO) vaccine purchase programme looms.

The deal will see the French and British drugmakers, which have teamed up to manufacture a recombinant protein-based vaccine they hope to get approved next year, provide the EU with up to 300 million doses in exchange for a down payment of 324m euros ($384m).

Friday’s agreement confirms an announcement made on July 31 by the two companies and follows an earlier deal between the EU and AstraZeneca for the supply of up to 400m shots after a down payment of 336m euros.

Published in Dawn, September 19th, 2020

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