Nishat Mills posts Rs5 9bn profit - Newspaper dawn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dawn.com Daily Mail and Mail on Sunday newspapers.
In this file photo, workers operate a machine at a textile factory in Faisalabad. AFP/File
LAHORE: The top 25 textile companies have alone contributed over $5.361 billion, or 21 per cent, to the country’s overall exports of $25bn in 2020-21.
“It is a matter of great pleasure that the exports of the textile sector alone soared by 19.23pc to $15.5bn in 2020-21 compared to $13bn the preceding year,” Aptma (North Zone) Chairman Abdul Rahim Nasir told
Dawn on Friday. “It is really unprecedented,” he added.
According to a list shared by trade bodies, Style Textile (Pvt) Ltd exports remained $428.76 million in 2020-21, followed by Interloop Ltd with $331.54m, Artistic Milliners (Pvt) Ltd $329.63m, Yunus Textile Mills Ltd $311.92m, Nishat Mills Ltd $307.32m, Gul Ahmad Textile Mills Ltd $284.25m, Feroze 1888 Mills Ltd $273.04m, Soorty Enterprises Ltd $268.14m, Artistic Fabric & Garment Industries (Pvt) Ltd-$226.42m, Liberty Mills $216.33m, Masood Textile Mills Ltd $213.05m,
KARACHI: United Bank Ltd posted a stellar profit-after-tax of Rs20.9bn and earnings per share at Rs17.07 for the year ended Dec 31, 2020, up 10pc over the PAT at Rs19.1bn and EPS at Rs15.63 recorded in 2019.
The board announced a bumper cash dividend at Rs9.50 per share. It was in addition to the interim dividend already paid at Rs2.50 per share.
K-Electric PAT surges 146pc
K-Electric Ltd announced PAT at Rs6.87bn and EPS at Rs0.25 for the half year ended Dec 31, 2020, showing an improvement of 146.23pc over PAT at Rs2.79bn and EPS at Rs0.10 year-on-year.
Uptick in PNSC’s earnings