KARACHI: Packages Ltd announced on Monday its consolidated profit for the April-June quarter amounted to Rs1.6 billion, up 35.2 per cent from a year ago.

A stock filing showed the company didn’t announce any cash dividend. Its revenue increased 58.7pc to Rs30.8bn on an annual basis.

The company’s tax expense jumped 81.2pc year-on-year to Rs2.2bn.

Pak Elektron income jumps

Pak Elektron Ltd posted earnings of Rs832.8 million in the latest three-month period, up 12.2pc on a year-on-year basis.

A stock notice showed the company’s top line rose 36.2pc over the same period to Rs23.2bn for April-June. There was no announcement of a payout.

Super tax resulted in an increase of 111.5pc in the company’s tax expense to Rs409.5m in the quarter under review.

Abbott’s earnings plunge

Abbott Laboratories Ltd registered a net profit of Rs338.2m for April-June, down 81.6pc from a year ago.

In a regulatory notice filed with the Pakistan Stock Exchange on Monday, the pharmaceutical company also declared a cash dividend of Rs15 per share.

Its revenue increased almost 18pc to Rs12.2bn for the quarter under review.

SCBPL profit tumbles 71pc

Standard Chartered Bank Pakistan Ltd posted earnings of Rs1bn for April-June, down 70.6pc from a year ago.

A stock market filing on August 25 showed the commercial bank also declared a dividend of Rs1.50 per share.

Published in Dawn, August 30th, 2022