KARACHI: Lucky Cement Ltd (LCL) has decided to enhance its capacity by 3.15 million tonnes per annum at its Pezu Plant to keep pace with rising demand on the back of revival of economic activity with uptick in both retail as well as mega infrastructure projects.

The total project cost for the above expansion will be finalised after conclusion of negotiations with the suppliers/contractors.

PRL earns Rs85m

Pakistan Refinery Ltd (PRL) posted a profit-after-tax (PAT) of Rs85m for the 1HFY21 which produced earnings per share (EPS) at Rs0.14. It represented a turnaround from loss after tax of Rs1.68bn and loss per share of Rs3.89 in the same period of earlier year.

IIL declares cash dividend

International Industries Ltd (IIL) declared consolidated PAT (attributable to owners of holding company) at Rs2.66bn and EPS at Rs20.13 for the six months ended Dec 31, 2020. It also showed a turnaround from loss after tax (attributable to owners of holding company) in the sum of Rs123m and loss per share at Rs0.93. The board announced an interim cash dividend at Rs3.50 per share.

Irfan elected OICCI chief

Meezan Bank CEO Irfan Siddiqui was elected president of the Overseas Inves­tors Chamber of Commerce and Industry for the 2021 term, a press release said.

Published in Dawn, February 2nd, 2021