KARACHI: United Bank Ltd posted a stellar profit-after-tax of Rs20.9bn and earnings per share at Rs17.07 for the year ended Dec 31, 2020, up 10pc over the PAT at Rs19.1bn and EPS at Rs15.63 recorded in 2019.

The board announced a bumper cash dividend at Rs9.50 per share. It was in addition to the interim dividend already paid at Rs2.50 per share.

K-Electric PAT surges 146pc

K-Electric Ltd announced PAT at Rs6.87bn and EPS at Rs0.25 for the half year ended Dec 31, 2020, showing an improvement of 146.23pc over PAT at Rs2.79bn and EPS at Rs0.10 year-on-year.

Uptick in PNSC’s earnings

Pakistan National Shipping Company Ltd and its subsidiary companies unveiled PAT at Rs1.20bn and EPS at Rs9.12 for the six months ended Dec 31, 2020 against PAT at Rs1.01bn and EPS at Rs7.63 for same time last year.

Nishat Mills profit soars

Nishat Mills Ltd declared (consolidated) PAT at Rs3.86bn and EPS at Rs8.94 for the half year ended Dec 31, 2020. Comparable figures for the half year of 2019 were PAT at Rs4.75bn and EPS at Rs10.03

Unity acquires shares in Sunridge

Unity Foods Ltd in a material information note stated that the company had approved in principle acquisition of 16.46m, or 31pc, shares of Sunridge Foods (Pvt) Ltd at Rs28 per share. Unity already holds 69pc in Sunridge.

Published in Dawn, February 26th, 2021

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