ISLAMABAD: PTCL Group posted a revenue of Rs33.9 billion in January-March 2021, an increase of 6.7 per cent compared to the same period last year.

The results were announced on Monday after the PTCL Board meeting. The increase in revenue comes mainly in the wake of contributions by PTCL and UBank.

UBank achieved 26.5pc growth in its quarterly revenue over same period of last year. PTCL Group posted a net profit of Rs1.6bn as compared to a loss of Rs0.4bn in January-March 2020. Net profit of Rs1.7bn shows an increase of 42pc from last year, the company added.

MSF regulations amended

To promote Islamic finance products in the capital market, the Securities and Exchange Commission of Pakistan (SECP) has introduced amendments in the Murabaha Share Financing (MSF) Regulations.

MSF is a Sharia-compliant leveraged product, a viable alternate avenue for the capital market investors who prefer Islamic mode of financing.

The product was initially launched in September 2019 with the guidance of renowned practicing Sharia scholars.

However, through recent amendments, a system-based initiation and affirmation process has been introduced for Murabaha Sale Transaction.

Kohat Cement posts Rs2.52 PAT

KARACHI: Kohat Cement Ltd posted profit-after-tax (PAT) at Rs2.53 billion and earnings per share at Rs12.60 for the nine months ended March 31, 2020 (9MFY21), the company announced on Monday.—Correspondent

Published in Dawn, April 13th, 2021