KARACHI: Lucky Cement Ltd announced unconsolidated financial results for the 1QFY21 declaring profit after tax at Rs2.23 billion, which translated into earning per share at Rs6.89.

The bottom line reflected stellar growth from PAT at Rs956 million and EPS at Rs2.96 in the similar quarter of the previous year. Analysts reckoned that the surge in earnings was on the back of “massive recovery in margins amid improvement in retention prices and robust offtake”.

UBL profits jump to Rs15.4bn

United Bank Ltd profit after tax at Rs15.4bn and EPS at Rs12.81 for the nine months ended Sept 30, against PAT at Rs14.2bn and EPS at Rs12.82 for the same quarter previous year. Total income surged to Rs73.9bn for the latest three-quarters from Rs65bn YoY.

Pakistan Paper Products Ltd reported profit after tax at Rs18.3m and EPS at Rs2.29 for the quarter ended Sept 30, representing a turnaround from loss of Rs1.55m and loss per share at Re0.19 YoY.

Turnover also jumped to Rs323m from Rs235m on Sept 30, 2019.

Kohat Cement sales surge 73pc

Kohat Cement Company Ltd announced its 1QFY21 financial result posting a profit after tax at Rs507m (EPS: Rs2.52) showing leap forward six times from PAT at Rs88m (EPS: Re0.44). Sales surged 73 per cent to Rs5.17bn, from Rs3.00bn.

Ferozsons earnings jump to Rs110m

Ferozsons Laboratories Ltd declared profit-after-tax at Rs110m and earnings per share at Rs3.65 for the quarter ended Sept 30, showing jump from PAT at Rs83m and EPS at Rs2.75 in the same period last year. Net revenue grew to Rs1.29bn, from Rs1.89bn.

MTL profits rise to Rs1.13bn

Millat Tractors Ltd announced profit after tax amounting to Rs1.13bn and EPS at Rs22.78 for the quarter ended Sept 30, up from PAT at Rs356m and EPS at Rs7.15 in the same time last year.

On a consolidated basis, the company posted PAT at Rs1.29bn and EPS at Rs25.93, up from Rs456m and EPS at Rs9.16 in the same period last year.

Askari Bank’s PAT swells 87pc

Earlier, Askari Bank Ltd posted profit after tax of Rs8.21bn for the nine month ended Sept 30, showing growth of 87pc over the corresponding period last year. The bank’s EPS doubled to Rs6.5 compared to Rs3.48 in the same period last year.

Nestle announces Rs50 cash dividend

Earlier, Nestle Pakistan Ltd reported PAT for the nine months ended Sept 30 at Rs6.195bn (EPS: 136.62) compared to PAT of Rs5.464bn (EPS120.49) in the same period last year.

The company also declared a cash dividend of Rs50 per share.

Gillete income drops

Gillette Pakistan Ltd announced profit after tax at Rs57.7m and EPS at Rs3.01 for the quarter ended Sept 30, showing a drop from PAT at Rs91.1m and EPS at Rs4.75 in the same quarter last year.

Net sales were up to Rs484m, from Rs474m YoY, but due to rise in cost of sales, gross profit fell to Rs128m from Rs160m.

Published in Dawn, October 27th, 2020