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PSO's Q2 profit jumps more than three-fold

Business
February 19, 2021
KARACHI: Pakistan State Oil (PSO) has announced a net profit of Rs4.03 billion for the quarter ended December 31, 2020, up 363 percent from the profit of Rs869.66 million recorded in the corresponding quarter of the previous year.
The EPS for the quarter under review clocked in at Rs8.86 as against Rs3.91 in the same quarter previous year. PSO also declared a cash dividend of Rs5.0/share.
“The jump in earnings is due to growth in volumes and company recording inventory gains of Rs0.6 billion in Q2FY21 compared to inventory loss of Rs2 billion in Q2FY20, we view,” a report issued by Arif Habib Limited noted. ....

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Engro Corp Posts Over Rs. 44 Billion Profit for 2020

Engro Corp Posts Over Rs. 44 Billion Profit for 2020
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