Money, Finance and Banking Blog in Pakistan
Posts tagged Financial Results
Arif Habib Investment Registers Loss of Rs 302 Million
Jul 30th
Arif Habib Investment Limited (AHIL) has registered after tax loss of Rs302.479 million in the year ended June 30, 2009 (FY09) as compared to after tax profit of Rs249.042 million recorded in FY08.
The board of directors of AHIL in its meeting held here on Wednesday declared per share loss of Rs10.08 in the period under review against per share earning of Rs8.30 in the same period a year back.
According to financial results, the company’s earnings from management fee/investment fee declined to Rs249.296 million in this period against Rs446.124 million in the previous year.
Processing and other related income declined to Rs7.970 More >
Fee Income of MCB to Grow, If It Acquires RBS Pakistan
Jul 24th
The fee income growth of the MCB Bank is expected to increase further if MCB succeeded in its bid to acquire the RBS Pakistan operations, which has both a strong infrastructure and quality human resource, says JS report.
This probable development could boost the consumer financing business of the bank, which is under pressure at present on account of higher growth in non-performing loans (NPLs).
It is important to note here that being one of the late entrants in the consumer financing, MCB’s fee income growth lagged that of its peers with lowest fee income in the big four banks.
MCB has superior More >
NIT Announces Better than Expected Dividend
Jul 11th
NIT has declared a dividend of Rs3.25 per unit for its unit holders for the year ended on June 30, 2009. The payment of dividend at Rs 3.25 per unit would involve a total payout of Rs 3.321 billion among its unit holders.
This was stated by Chairman and MD NIT Tariq Iqbal Khan while addressing a Press conference here on Monday at local hotel after the Board of Directors of National Investment Trust approved the dividend for the year ended 30th June.
Tariq Iqbal while responding to a question said that in anticipation of improved cash flow of NIT and larger-than-expected More >
Bank of Punjab to Raise Paid-up Capital
Jun 20th
Bank of Punjab (BOP) plans to issue right shares to enhance its paid-up capital in order to meet minimum capital requirement (MCR) laid down by the State Bank of Pakistan (SBP).
In a notice issued to the Karachi Stock Exchange (KSE), Bank of Punjab said the Government of Punjab, being a majority shareholder of the bank with 51 per cent stake, has already deposited Rs10 billion into the bank as advance subscription money against future issue of right shares by the bank.
