KARACHI: National Bank of Pakistan on Wednesday announced profit-after-tax (PAT) for 1QCY21 at Rs7.8 billion (earnings per share at Rs3.67), depicting a whopping year-on-year increase of 90 per cent.

Net interest income (NII) growth for the bank has been impressive on a year-on-year basis but portrayed a sluggish behaviour on a quarter-on-quarter basis.

However, despite massive growth in profit the bank did not announce any dividend.

BAHL earns Rs4.6bn

Bank Al Habib Ltd (BAHL) on Wednesday announced PAT at Rs4.6bn (EPS at Rs4.14) for 1QCY21, down 2pc quarter-on-quarter basis.

The earnings are above market expectations, where variance has mainly come from higher than expected net interest income, provision reversals, and lower effective tax rate.

Lucky PAT surges 303pc

Lucky Cement Ltd reported 303pc increase in its unconsolidated PAT at Rs11.7bn in 9MFY21 as compared to Rs2.9bn in the same period last year. PAT during 1QCY21 rose to Rs7.1bn from Rs998m in the same period 2020.

Net sales in 9MFY21 reached to Rs47bn from Rs32bn while January-March 2021 sales soared to Rs17bn from Rs11bn.

Ghandhara returns to profit

Ghandhara Industries Limited (GIL) reported PAT of Rs408m in 1QCY2021 as compared to a loss of Rs359m in the same period 2020. Sales improved to Rs5.1bn from Rs3.94bn.

Fatima Fertiliser income jumps 53pc

The PAT of Fatima Fertilizer Company increased 53.8pc to Rs3.77bn during January-March 2020-21 from Rs2.45bn in the same period last year. Sales soared to Rs21.6bn from Rs14.4bn.

KE profit soars 221pc

The net profit of K-Electric for the period ending March 31, 2021 jumped 221pc to Rs2.562bn from Rs797m in the same period last year. The earnings in 9MFY21 surged to Rs9.4bn from Rs3.6bn.

Sapphire Textile income rises

The consolidated PAT of Sapphire Textile Mills rose 39pc to Rs1.3bn during January-March 2021 from Rs932m in the same period 2020.

Byco Petroleum earns Rs1bn

The PAT of Byco Petroleum Pakistan Ltd stood at Rs1bn in 1Q2021 as against the loss of Rs3bn in the same period 2020. Gross profit rose to Rs1.97bn from the loss of Rs1.472bn.

Gul Ahmed posts Rs1.7bn profit

After incurring a loss of Rs453m in January-March 2020, Gul Ahmed Textile Mills recorded a profit after tax of Rs1.7bn during 1QCY21.

Soneri Bank profit soars 92pc

Soneri Bank posted PAT of Rs782m (EPS Rs0.7092) for the 1QCY21 compared to Rs407m (EPS Rs0.3696) in the same period last year, indicating a growth of 92pc.

Published in Dawn, April 29th, 2021

Opinion

A ventilator for democracy
Updated 15 Jun 2021

A ventilator for democracy

Chomsky has analysed Biden’s foreign policy succinctly, which is essentially not very different from Trump’s in most ways.
State of IKonomy
15 Jun 2021

State of IKonomy

PTI’s economic record is not rosy as some say it is.
Not by words alone
Updated 14 Jun 2021

Not by words alone

A policy shift must be backed by substance otherwise it is a statement of intent not a strategy.

Editorial

15 Jun 2021

Middle East’s plight

THE Middle East is geopolitically and economically perhaps the most important region of the world, home to much of...
Thoughtless eviction
Updated 15 Jun 2021

Thoughtless eviction

Promised compensation of Rs20,000 per month for two years is hardly worth the adversity evicted residents have to undergo.
15 Jun 2021

Cinema ‘industry’?

THE vast gap that often exists between the state’s intentions and its actual efficiency was evident in the third...
Power shortages
Updated 14 Jun 2021

Power shortages

It is high time that governance and structural reforms were introduced in the energy sector.
14 Jun 2021

Suicide in Thar

THARPARKAR is an appropriate case study for examining the factors that lead some people to the desperate, final act...
14 Jun 2021

Water woes

THIS past week saw a discussion on a water management system that, if properly implemented, should go some way...