KARACHI: Meezan Bank Limited (MBL) posted a consolidated after-tax profit of Rs28.5 billion for the year 2021, an increase of 26 per cent compared to earnings of Rs22.67bn a year ago.

MBL’s total income rose to Rs85bn from Rs76bn. The earnings per share stood at Rs 17.43 per share as against Rs13.62.

Kohinoor Energy

Sales of Kohinoor Energy Limited during July-December 2021 rose to Rs5.4bn from Rs3.46bn in the same period 2020 while the profit was recorded at Rs689 million as compared to Rs622m. The finance cost stood at Rs68m versus Rs174m.

Nishat Mills

The profit after tax of Nishat Mills Limited (NML) soared to Rs5.6bn in the half year ended Dec 31 from Rs1.77bn in the same period a year ago, whereas total revenues went up to Rs53bn from Rs33bn.

The finance cost in July-December 2021 stood at Rs776m compared to Rs609m a year ago. Earnings per share rose to Rs15.94 from Rs5.04.

NML’s profit after tax (PAT) in the second quarter (October to December) of the ongoing fiscal year stood at Rs2.3bn (earnings per share of Rs6.6) compared to Rs827m (earnings per share at Rs2.4).

Its revenue jumped to Rs28.5bn from Rs 17.2bn a year ago thanks to rise in textile exports in terms of both prices and volume.

Fauji Cement

Fauji Cement Company earned a profit of Rs2.8bn during July-December 2021 compared to Rs1.6bn in the same period of 2020 while gross profit rose to Rs4.46bn from Rs2.7bn.

Published in Dawn, February 22nd, 2022