KARACHI: Byco Petroleum Pakistan Ltd reported financial results for the six months ended Dec 31, 2020 recording stellar growth of 4.5 times in profit-after-tax (PAT) to Rs961 million translating into earnings per share (EPS) at Rs0.18, from PAT at Rs213m and EPS at Rs0.04 in the comparable period of the previous year.

In a press statement, the company’s CEO Mr. Amir Abbassciy, commented: “Byco expects that discussions between the Government of Pakistan and oil refineries will be productive in developing a long overdue refining policy”.

Meezan Bank earnings jump 46pc

Meezan Bank Ltd on Feb 18 announced that it posted a PAT of Rs22.17bn and EPS at Rs15.67 for the year ended Dec 31, 2020, showing impressive growth of 46pc from PAT at Rs15.23bn and EPS at Rs10.77 in the earlier year on the enhanced capital of Rs14.147bn.

The board approved a final cash dividend at Rs2 per share for the year, taking the total pay-out for the year to Rs6 per share.

HBML income surges to Rs12bn

Habib Metropolitan Bank Ltd (HBML) announced PAT at Rs12.05bn and EPS at Rs11.50 for the year ended Dec 31, 2020, attributable to equity shareholders of the holding company.

It represented 81.2pc increase from PAT at Rs6.65bn and EPS at Rs6.34 the earlier year.

The board recommended a final cash dividend of Rs2.50 per share in addition to Rs2 interim already paid, taking the total payout to Rs4.50 per share.

Adamjee profit rises

Adamjee Insurance Company Ltd showed PAT at Rs2.07bn and EPS at Rs5.93 for the year ended Dec 31, 2020, slightly higher than PAT at Rs1.97 and EPS at Rs5.63 year-on-year.

Pakistan Tobacco earns Rs16.5bn

Pakistan Tobacco Company Ltd announced 27.9pc jump in PAT at Rs16.5bn and EPS at Rs64.66 for the year ended Dec 31 against PAT at Rs12.9bn and EPS at Rs50.45 year-on-year.

New Ogra chairman takes charge

ISLAMABAD: Newly appointed Oil and Gas Regulatory Authority (Ogra) Chairman Masroor Khan on Tuesday assumed the charge of his office.

Mr Maroor brought with him 30 years of local and international experience —APP

Published in Dawn, February 24th, 2021

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