KARACHI: Interloop Ltd posted a net profit of Rs20.2 billion in 2022-23, up 63 per cent from a year ago, the company said on Thursday.
In the latest quarter, its bottom line amounted to Rs6bn, which reflects a rise of 12pc on an annual basis. But the net income was down 37pc from the preceding quarter.
Alongside the result, the company also announced a final cash dividend of Rs2 per share.
Meanwhile, Maple Leaf Cement Factory Ltd posted a net annual profit of Rs5.7bn, up 27pc from a year ago.
During April-June, however, the company posted a loss of Rs413m versus a net profit of Rs232m in the same period a year ago.
In addition, the cement maker also announced its board’s recommendation that a buyback be held of the company’s ordinary shares up to a maximum of 100m, which constitute 9.3pc of total shareholding and 20.7pc of free-float.
Published in Dawn, September 8th, 2023
