Mari Petroleum declares final cash dividend of Rs75/share

Web DeskWeb Editor

26th Aug, 2021. 06:40 pm

KARACHI: Mari Petroleum Company Limited (MPCL) has declared a final cash dividend of Rs75/share along with the financial results for the year ended June 30, 2021. This is in addition to the interim dividend of Rs66/share already paid to the shareholders, a bourse filing said on Thursday.

MPCL posted a net profit of Rs31.44 billion (EPS: Rs235.7) for FY21, up 3.76 per cent from Rs30.3 billion (EPS: Rs227.23) recorded in FY20.

The net sales increased 1.38 per cent to Rs73.01 billion during the year under review, compared with Rs72.02 billion in the previous year.

AGP Limited posts profit of Rs388.64 million

AGP Limited has announced a net profit of Rs388.64 million (EPS: Rs1.39) for the quarter ended June 30, 2021, up 21.4 per cent, compared with the profit of Rs320.07 million (EPS: Rs1.14) in the corresponding period last year. The company did not announce any payout along with the financial results.

The net sales increased 42.8 per cent to Rs2 billion during the quarter under review, compared with Rs1.4 billion in the same quarter last year.

For the half-year ended June 30, 2021, AGP Limited posted a net profit of Rs772.23 million (EPS: Rs2.76), compared with the profit of Rs754.7 million (EPS: Rs2.7) in the corresponding period last year.

General Tyre profit rises

The General Tyre and Rubber Company has announced a net profit of Rs572.6 million (EPS: Rs4.7) for FY21, as against the net loss of Rs309.9 million (LPS: Rs2.72) recorded in FY20.

The net sales increased 59.15 per cent to Rs13.9 billion during the year under review, compared with Rs8.7 billion in the previous year.

Other income also increased 166.5 per cent to Rs181.59 million during the year under review, compared with Rs68.1 million in FY20. The finance cost also declined 40.6 per cent to Rs504.04 million.

Packages Limited profit surge 75.7%

The Packages Limited has announced a net profit of Rs1.23 billion (EPS: Rs12.56) for the quarter ended June 30, 2021, up 75.7 per cent, compared with the profit of Rs701.8 million (EPS: Rs8.24) in the corresponding period last year.

The Company did not announce any payout along with the financial results.

The revenues of the company increased 32.4 per cent to Rs19.67 billion during the quarter under review, compared with Rs14.8 billion in the same quarter last year.

For the half-year ended June 30, 2021, Packages Limited posted a net profit of Rs2.95 billion (EPS: Rs30.95), compared with the profit of Rs642.2 million (EPS: Rs7.49) in the corresponding period last year.

Shell Pakistan earns Rs202.4 million profit

Shell Pakistan has announced a net profit of Rs202.4 million (EPS: Rs1.04) for the quarter ended June 30, 2021, compared with the loss of Rs3.54 billion (LPS: Rs22.9) in the corresponding period last year.

The company did not announce any payout along with the financial results. The net sales increased 88.5 per cent to Rs65.8 billion during the quarter under review, compared with the net revenues of Rs35.08 billion in the same quarter last year.

For the half-year ended June 30, 2021, Shell posted a net profit of Rs2.15 billion (EPS: Rs11.07), compared with the loss of Rs7.87 billion (LPS: 50.93) in the corresponding period last year.

Cherat Cement declares final cash dividend of Rs1.25/share

Cherat Cement Company has declared a final cash dividend of Rs1.25/share along with the financial results for the year ended June 30, 2021, which is in addition to the interim dividend of Rs1/share already paid to the shareholders.

Cherat Cement posted a net profit of Rs16.5 billion (EPS: Rs16.5) for FY21, compared with the loss of Rs1.89 billion (EPS: Rs9.74) recorded in FY20. The net sales increased 47.4 per cent to Rs25.2 billion during the year under review, compared with Rs17.09 billion in the previous year.

PICTL profit rises 46.6% to Rs774.69 million

The Pakistan International Container Terminal Limited (PICTL) has announced a net profit of Rs774.69 million (EPS: Rs7.1) for the quarter ended June 30, 2021, up 46.6 per cent, compared with the profit of Rs528.2 million (EPS: Rs4.84) in the corresponding period last year.

PICTL also announced an interim cash dividend of Rs2/share, which is in addition to the cash dividend of Rs2/share already paid to the shareholders.

The revenues increased 40.2 per cent to Rs2.65 billion during the quarter under review, compared with Rs1.89 billion in the same quarter last year.

For the half-year ended June 30, 2021, PICTL announced a net profit of Rs1.72 billion (EPS: Rs15.83), compared with the profit of Rs1.17 billion (EPS: Rs10.74) in the corresponding period last year.

Pak Elektron profit surge 605% to Rs741.87 million

Pak Elektron Limited (PAEL) has announced a net profit of Rs741.87 million (EPS: Rs1.47) for the quarter ended June 30, 2021, up 605 per cent, compared with the profit of Rs105.8 million (EPS: 19 paisas) in the corresponding period last year. The company did not announce any payout along with the financial results.

The net sales increased 68.14 per cent to Rs17.05 billion during the quarter under review, compared with Rs10.14 billion in the same quarter last year.

For the half-year ended June 30, 2021, PAEL posted a net profit of Rs1.02 billion (EPS: 2.02), compared with the loss of Rs425.8 million (LPS: 9 paisas) in the corresponding period last year.

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