KARACHI: Pakistan Petroleum Ltd (PPL) on Friday announced its highest-ever profit-after-tax (PAT) of Rs114 billion during FY24.

At the company’s 73rd Annual General Meeting, the board of directors also approved a final cash dividend of 25 per cent, bringing the total to 60pc for the year.

Lotte profit dips

Lotte Chemical’s net rev­enue swelled to Rs89bn in 9MFY24 ending Sept 30 from Rs62bn in the same period last year. However, the PAT plunged to Rs2.66bn from Rs4.8bn.

Trademarks acquisition

The Competition Commi­ssion of Pakistan (CCP) has approved the acquisition of trademarks for the pharmaceutical product Claforan by Hoechst Pakistan Ltd from Sanofi Aventis Deutschland GMBH.

With this transaction, Sanofi is transferring Cla­foran’s trademarks to Hoechst, positioning Hoe­chst as a key player in the local pharma industry.

Published in Dawn, October 26th, 2024

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Going dry
Updated 07 Apr, 2025

Going dry

The water problem has morphed into a very complex political economy issue.
Afghan return
07 Apr, 2025

Afghan return

AS expected, the government of Pakistan is moving ahead with its plan to forcibly repatriate Afghan Citizenship Card...
Hurting women
07 Apr, 2025

Hurting women

MONTH after month, the figures of crimes against women in the country indicate that our society is close to...
Not cricket
Updated 06 Apr, 2025

Not cricket

It is high time that the PCB sets things right; even if it demands a complete overhaul of the system.
Balochistan deadlock
Updated 06 Apr, 2025

Balochistan deadlock

Akhtar Mengal’s demands to release women activists should seriously be considered.
Escalating brutality
Updated 06 Apr, 2025

Escalating brutality

The world’s patience is running out. Israel must be held accountable under international law for war crimes.