National Foods posts PAT at Rs439m

KARACHI: National Foods Ltd posted 1QFY19 consolidated profits at Rs439 million, up 23 per cent, translating into earnings per share (EPS) of Rs4.15. Sales rose to Rs6.21 billion, from Rs5.57bn.

Analysts at Topline Securities said it was on the back of; 11pc increase in revenue; 2.1 times growth in other income; and a seven percentage point fall in effective tax rate.—Equities Correspondent

Mari Petroleum earns Rs5.14bn

KARACHI: Mari Petroleum Company (Mari) decleared 1QFY19 profit at Rs5.14bn (EPS: Rs46.64) against profit at Rs3.61bn (EPS: Rs32.77) in same period last year.

Earnings improved as sales increased 54pc to Rs14.3bn and other income rose significantly, supporting the bottom line.—Equities Correspondent

Engro Fertiliser profit soars

KARACHI: Engro Fertilisers posted 1QFY19 PAT at Rs6.014bn, up 132pc, from Rs2.593bn in same quarter last year. EPS for the period were Rs4.5, from Rs1.94.

These higher than expected earnings came on the back of a phenomenal increase in other income, while net sales actually decreased.

The board also declared an interim cash dividend of Rs4 per share, which is in addition to Rs per share already paid.—Staff Reporter

UBL earnings plunge 40pc

KARACHI: United Bank Ltd (UBL) reported unconsolidated profit of Rs3.461bn (EPS: Rs2.83) in the quarter ended Sept 30, down 41pc, from Rs5.855bn (EPS: 4.78) in same period last year.

An interim cash dividend of Rs2 per share share, taking the total payout to Rs8.—Staff Reporter

BAHL profit down 7.55pc

KARACHI: Bank Al Habib (BAHL) posted quarterly PAT at Rs1.702bn, lower by 7.55pc, from Rs1.841bn from same period last year. This translated into EPS of Rs1.53 versus Rs1.66 in the corresponding quarter last year.

For 9MC18, the profit after stood Rs5.903bn, down 5.58pc from Rs6.252bn in same period last year. The corresponding EPS was 5.31, decreasing Rs5.63 in the earlier period.—Staff Reporter

Published in Dawn, October 19th, 2018