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Business
April 30, 2021
KARACHI: Pakistan State Oil (PSO) net profit increased to Rs8.720 billion during the quarter ended March 31, 2021, translating into earnings per share (EPS) of Rs18.57, a bourse filing said on Thursday.
The company had posted a loss of Rs3.426 billion with loss per share of Rs7.30 during the same quarter last fiscal. There was no announcement of cash back.
The company’s 9MFY21 profit surged 506 percent to Rs18.242 billion during the nine-month period ended March 31, 2021, from Rs3.008 billion during the same period last fiscal. The EPS stood at Rs38.86 during July-March 2020/21, compared to Rs6.41 during the same period last fiscal.
Dongfeng’s Venucia to be incorporated into Dongfeng Nissan
Monika From Gasgoo
| December 28 , 2020
Shanghai (Gasgoo)- Dongfeng Motor Company Limited (DFL), a 50-50 joint venture between Dongfeng Motor Group and Nissan Motors, announced on Dec. 28 a significant business integration to better coordinate internal resources, improve the decision-making efficiency and strengthen the corporate governance capability.
Venucia D60; photo credit: Venucia
Dongfeng Venucia will be brought under the management of Dongfeng Nissan, serving as the second sub-brand of the PV business unit. It will turn into a headquarter-level unit of Dongfeng Nissan from a subsidiary of DFL, and continue to exercise its local technological merits in auto electrification, connectivity and electrification and explore innovative business models of mobility services.
Nov. 2020 update: sales of Chinese mainstream automobile groups
Monika From Gasgoo
| December 15 , 2020
Shanghai (Gasgoo)- China auto sales reached 2.77 million units in Nov., growing 12.6% from a year earlier and showing year-on-year increase for the eighth month in a row, according to the China Association of Automobile Manufacturers (CAAM).
Mainstream automobile groups in China continued sales rebound last month. The companies hereby listed all achieved growth, some of which, such as GAC group, Changan Auto, Geely Auto and JAC Motors, have gained growth for eight straight months.
Notably, Great Wall Motor recorded this year s first-time growth in year-to-date sales.
SAIC Motor scores YoY sales growth for six straight months