KARACHI: Bank of Punjab on Friday announced 22 per cent increase in profit-after-tax (PAT) at Rs1.83 billion (earnings per share at Rs0.69) for the first quarter of 2021 as against Rs1.50bn (EPS Rs0.59) in 1QCY20.

Similarly, non-markup/interest income increased to Rs2.53bn as against Rs2bn during 1QCY20 showing an increase of 27pc.

TRG Pakistan PAT surges

TRG Pakistan Ltd announced that its PAT soared to Rs2.8bn during 1QCY21 compared to Rs690,000 in 1QCY20. The PAT in 9MFY21 also posted a massive growth to Rs7.2bn from Rs19m in the same period last year.

Earnings of Nishat Chunian up 150pc

Nishat Chunian Ltd reported its PAT increased 150pc to Rs2.5bn during 1QCY21 from Rs1bn in the same period 2020. In 9MFY21 its profit swelled to Rs5.3bn from Rs3.2bn in the same period last year.

Hub Power earns Rs4.2bn

Hub Power Company announced an unconsolidated PAT at Rs4.2bn in 1QCY21 as compared to Rs3.96bn in the same period last year while 9MFY21 profit soared to Rs14.5bn from Rs7bn in the same period last fiscal.

Atlas Honda income jumps 20pc

Atlas Honda Ltd reported 20pc increase in PAT to Rs3.6bn during Jan-March 2021 from Rs3bn in the same period last year. Sales reached Rs93bn from Rs84bn.

SCBPL posts before tax Rs5.9bn profit

Standard Chartered Bank (Pakistan) Ltd (SCBPL) reported that its profit before tax jumped by 61pc quarter-on-quarter to Rs5.9bn in 1QCY21 mainly on account of strong recoveries and prudent risk approach.

Published in Dawn, May 1st, 2021