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.
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Newly promulgated ordinance limits second sale of vehicles within 90 days of the invoice. AFP/File
LAHORE: A leading automobile company has urged the government to also bring imported vehicles under the ambit of the newly promulgated ordinance that limits second sale of vehicles within 90 days of the invoice and one who does this will be charged a fine based on engine capacity. The apparent reason to introduce this amendment is to discourage on-money [premium] practice in the market. The step is very encouraging not only to existing players but to new entrants also. But this policy should also be applied to imported vehicles as well,” said Indus Motor Company CEO Ali Asghar Jamali while talking to a group of journalists during his visit to a part manufacturing plant at Sundar Industrial Estate on Friday.