KARACHI: Shell Pakistan Ltd on Tuesday reported a loss after tax of Rs4.82 billion and loss per share at Rs45.05 compared to loss of Rs1.49bn and loss per share at Rs13.88 incurred in 2019.

The company stated in a press statement that the second half of the year saw significant recovery with a profit after tax in comparison to a very tough first half of the year primarily affected by the global pandemic resulting in declining fuels market and volatility in the international oil prices.

BoK profit surges 64pc

Bank of Khyber (BoK) disclosed a profit-after-tax (PAT) of Rs2.15bn and earnings per share (EPS) at Rs2.15 for the year ended Dec 31, 2020, up 64pc from PAT at Rs1.31bn and EPS at Rs1.31 in 2019. Directors declared a final cash dividend at Rs1.50 per share along with bonus shares at 5pc.

Sanofi posts 218pc rise in earnings

Sanofi-Aventis unveiled its CY20 PAT at Rs493m and EPS at Rs51.12, representing stellar gains of 218pc over PAT at Rs155m and EPS at Rs16.05 the earlier year. The board recommended a final cash dividend at Rs20 per share.

PSX, NIFT sign pact for new payment system

Pakistan Stock Exchange (PSX) and National Institutional Facilitation Technologies (NIFT) signed an agreement to collaborate in the development of a new payment and registration system by PSX.

Initial Public Offering (IPO) process would be digitally transformed through the E-IPO project, the bourse stated in a press release.

Bank Alfalah to promote low-cost housing

Pakistan Mortgage Refinance Company (PMRC) and its Partner Financial Institutions (PFIs) including Bank Alfalah joined hands to provide and promote affordable housing finance by signing credit guarantee agreements with Credit Guarantee Trusts for low-cost Housing, set up by the government with PMRC as trustee.

ABL, NIC sign MoU

Allied Bank Ltd (ABL) has signed a memorandum of understanding with National Incubator Centre (NIC). Both organisations aim to promote innovation and digitisation in the ecosystem, said a press release.

Published in Dawn, March 3rd, 2021