KARACHI: Kot Addu Power Company Ltd (Kapco) on Friday announced its profit-after-tax (PAT) dipped 27pc to Rs4.429 billion (earnings per share at Rs5.03) during the third quarter of FY21 from Rs6.047bn (EPS Rs6.87) in the corresponding period last year.

This takes 9MFY21 profitability to Rs15.927bn (EPS: Rs18.09), down by 10pc compared to Rs17.774bn (EPS: Rs 20.19) during 9MFY20.

Fauji Cement earns Rs1bn

Fauji Cement Company Ltd (FCCL) reported PAT at Rs1.010bn (EPS Rs0.73) for the third quarter of FY21 compared to a loss of Rs210m (LPS Rs0.15) during same period last year. The company’s 9MFY21 earnings rose to Rs2.611bn (EPS: Rs1.89) from Rs272m (EPS: Rs0.20) in 9MFY20.

Earnings of HMB jumps 111pc

Habib Metropolitan Bank Ltd (HMB) announced its PAT surged year-on-year 111pc to Rs3.23bn (EPS Rs3.08) during the first quarter of CY21.

The bank reported net interest income also rose by 71pc to Rs7.37bn as interest expenses declined by 39pc year-on-year. Though fee income growth was reported at 22pc, the total non-interest income witnessed 5pc year-on-year decline during 1QCY21 on account of lower income from FX dealings.

HBL becomes debt market maker

Pakistan Stock Exchange (PSX) has held a gong ceremony to take Habib Bank Ltd (HBL) on board as a market maker for debt securities.

An agreement to this effect was signed on Thursday by PSX Managing Director and Chief Executive Officer Farrukh H. Khan and HBL President and CEO Muhammad Aurangzeb, said a press release.

Mr Aurangzeb said the signing ceremony marks the commencement of a market-making relationship between HBL and the PSX.

Published in Dawn, April 24th, 2021

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