KARACHI: Habib Metro­politan Bank Ltd reported on Friday its net profit for the April-June quarter amo­unted to Rs3.28 billion, up 5.19 per cent from a year ago.

The bank also declared a dividend of Rs2 per share.

ISL profit falls

Net profit of International Steels Ltd (ISL) for 2021-22 remained Rs5.4bn, down 27.5pc from the preceding year, a stock filing showed on Friday.

The company also decla­red a final cash dividend of Rs4.50 per share, which is in addition to an interim dividend of Rs2 per share alre­ady announced and paid.

Lalpir posts quarterly profit

Lalpir Power Ltd reported a quarterly profit of Rs389 million for the latest three-month period versus a net loss of Rs746.7m a year ago, a regulatory filing showed on Friday.

The independent power producer also declared a cash dividend of Rs1.50 per share.

The company reported that its quarterly revenue from the sole state-backed customer clocked in at Rs17.1bn as opposed to only Rs4bn of top line in the comparable period of the preceding year.

Ibrahim Fibres income dips

The Pakistan Stock Exchange (PSX) and the Pakistan Software Export Board have signed an agreement to list 40 IT and IT-enabled services member companies on the Growth Enterprise Market (GEM) Board of the exchange.

Ibrahim Fibres Ltd reco­rded earnings of Rs2.18bn for April-June, down 2.3pc on a year-on-year basis. There was no announcement of a payout by the company.

40 IT firms to be listed on GEM Board

In a series of tweets on Friday, the PSX said the signing of the agreement is aimed at encouraging tech startups to get listed on the GEM board, which is a trading counter dedicated to serve smaller and riskier firms.

AKD Securities will serve as adviser for the first batch of five companies, the exch­ange said.

Published in Dawn, August 20th, 2022