KARACHI: Engro Fertilisers Ltd reported earnings of Rs4.4 billion for the July-September quarter, down 37.3 per cent from a year ago.

In a regulatory filing on Wednesday, the company also announced an interim cash dividend of Rs3.50 per share, which takes the cumulative payout in the first nine months of 2021 to Rs11.50 per share.

For the nine-month period, however, the urea maker reported a net profit of Rs14.9bn, up 29.8pc from the corresponding period a year ago.

The result was largely in line with industry expectations, according to a research note by Topline Securities.

HabibMetro, PMRCL sign pact

HabibMetro Bank has subscribed to a secured, unlisted and redeemable Privately Placed Term Finance Certificate of Rs1.5 billion issued by the Pakistan Mortgage Refinance Company Limited (PMRCL) for a tenure of five years.

Mohsin Tayebaly & Co will serve as the transaction legal counsel, says a press release on Wednesday. A signing ceremony was held at the Habib Metro’s head office, Karachi at which the bank’s president &

CEO Mohsin Ali Nathani, PMRCL CEO and managing director Muddasir H. Khan and senior executives were present.

Published in Dawn, October 14th, 2021