KARACHI: Pakistan Oilfields Ltd (POL) reported on Friday its net unconsolidated profit for the January-March quarter remained Rs6.57 billion, up 2.24 times from a year ago.

A stock notice by the company showed its earnings for the first nine months of 2021-22 increased 82.7 per cent to Rs17.49bn. It didn’t announce any cash dividend.

Bank of Punjab profit rises 18pc: Unconsolidated income of the Bank of Punjab Ltd for the first quarter of 2022 totalled Rs2.16bn, up 17.9pc from the corresponding period of 2021.

The bank said in a stock filing on Friday its net interest income rose 18.1pc to Rs8.1bn while non-interest income declined 34pc to Rs1.67bn over the same period. A reversal of provisioning amounting to over Rs1bn played a key role in increasing the quarterly bottom line.

There was no announcement of a cash dividend.

Kot Addu income falls 41pc: Quarterly profit of Kot Addu Power Company Ltd for January-March clocked in at Rs2.62bn, down 40.8pc on a year-on-year basis.

A stock filing on Friday showed the company recorded a jump of almost 102pc in its quarterly revenue.

Attock Cement earnings drop: Earnings of Attock Cement Pakistan Ltd clocked in at Rs328.9m for the January-March quarter, down 20.5pc from a year ago.

The cement maker told investors on the stock exchange that its quarterly sales went up 14.6pc to Rs6.1bn on a year-on-year basis. However, a 20.6pc rise in the cost of sales caused a drop in profitability on an annual basis.

The company’s income for the first nine months of the ongoing fiscal year increased 23.2pc to Rs1.18bn. It didn’t announce a cash dividend.

Pakistan Aluminium profit rises: Newly listed Pakistan Aluminium Beverage Cans Ltd told its shareholders on Friday its net income amounted to Rs610.6m for January-March, up 40.75pc from a year ago.

Quarterly sales jumped almost 37pc year-on-year to Rs2.62bn while its cost of sales rose 39.4pc to Rs1.76bn over the same period. The company didn’t declare a payout.

Pakistan Tobacco income jumps: Pakistan Tobacco Company Ltd reported on Friday its net profit for January-March amounted to Rs4.88bn, up 8.7pc from the same period of last year.

A stock notice showed the company’s domestic and export turnover totalled Rs52.8bn in the three-month period. There was announcement of a cash dividend.

Fauji Fertiliser earns Rs1.62bn: Unconsolidated earnings of Fauji Fertiliser Bin Qasim Ltd for the first three months of 2022 clocked in at Rs1.62bn, up 28.4pc from a year ago. The company didn’t announce a payout.

Ismail Industries posts Rs691m profit: Ismail Industries Ltd, which operates under the brand name of Candyland, posted an unconsolidated profit of Rs690.8m for January-March, up 16.1pc from the same quarter a year ago.

In the first nine months of 2021-22, the company’s bottom line grew 26.4pc to Rs1.9bn on a year-on-year basis. The company made no declaration of a cash dividend.

Nishat Power earnings soar 62pc: Nishat Power Ltd reported on Friday its unconsolidated profit for the latest quarter remained Rs1.14bn, up 61.6pc from a year ago. The company said its revenue increased 79.3pc year-on-year to Rs4.43bn while its cost of sales totalled Rs3.18bn, up 93pc from a year ago.

Published in Dawn, April 23rd, 2022