KARACHI: Habib Bank Ltd (HBL) on Thursday announced that its profit-after-tax (PAT) rose to Rs18.029 billion with earnings per share (EPS) at Rs12.04 in the first half of calendar 2021 compared to PAT Rs15.188bn and EPS Rs10.32 in January-June 2020. It also declared a cash dividend of Rs1.75 per share, said a press release.

Commenting on the bank’s performance, President and CEO Muhammad Aurangzeb said “HBL continued its strong business momentum from the previous quarter ending H1 2021 on a solid footing. This performance is impressive as it comes against a backdrop of significant spread compression across the banking sector.”

Engro Fertilisers profit soars 136pc

Engro Fertilisers Ltd recorded consolidated condensed profit for the half year ended June 30, 2021 at Rs10.5bn and EPS at Rs7.87, up 136pc from Rs4.46bn and EPS at Rs3.34 earned in same period of 2020. The company announced an interim cash dividend for the second quarter ended June 30, 2021 at Rs4 per share.

Honda Atlas earns Rs928m

Honda Atlas (Cars) posted profit of Rs928 million for the first quarter ended June 30, 2021 and EPS at Rs6.50. It represented reversal of loss of Rs511m and loss per share at Rs3.58 suffered in the corresponding quarter of 2020.

FFBL posts Rs1.88bn profit

Fauji Fertiliser Bin Qasim (FFBL) earned condensed interim consolidated PAT at Rs1.88bn and EPS at Rs1.29 for the half year ended June 30, 2021 which compared with a loss of Rs3.22bn and loss per share at Rs2.78 for the half year ended June 30, 2020.

OGDCL makes oil, gas discovery

OGDCL announced on Thursday that the company being operator of Wali Exploration Licence with 100pc working interest had made a gas and condensate discovery over Kawagarh Formation from its exploratory efforts at well Wali No.01 which is located in FR Lakki, KP.

Published in Dawn, July 30th, 2021