Pakistan Processing plant drains Rs3.5bn

KARACHI: Pakistan Processing plant Ltd posted loss of Rs3.48 billion for 9MFY19, converting into misfortune per share at Rs11.32.

It supplanted the benefit after assessment (PAT) of Rs694 million and profit for each offer (EPS) at Rs2.26 recorded in same span a year ago. Incomes rose to Rs81.4bn from Rs64.6bn, yet because of expense of offers surpassing deals, net benefit of Rs990m earned in the 9MCY18 swung to net deficit at Rs1.84bn in most recent period.

Executives said the organization again confronted outer difficulties of negative refining edges and debasement of the rupee, which antagonistically affected both the organization and industry.

WorldCall acquires Rs118m

WorldCall Telecom Constrained earned merged PAT at Rs118m in 1QCY19, from Rs115m. EPS (essential) added up to Rs0.07, as against Rs0.10.

Income developed to Rs1.03bn, from Rs710m however account costs cleared out the advantage as they rose to Rs86m, from Rs51m.

Honda raises bike costs

Chart book Honda Ltd (AHL) on Thursday raised costs of different models for fourth time in current timetable by Rs400-2,000 powerful for Wednesday onwards.

Following the climb, Cd 70, Disc Dream and Pridor are presently evaluated at Rs 70,900, Rs 74,900 and Rs 96,900, up by Rs 400 separately.

With an expansion of Rs 1,500, the new rates of CG125, CG125S, CG125S Unique Release, CB125F and CB125F Uncommon Version are Rs 117,500, Rs 136,500, Rs 137,900, Rs 161,500 and Rs 163,500 separately. CB150F now costs Rs 193,900, up by Rs 2,000.

AHL has expanded bike costs by no less than multiple times from January, 2018 to May 1 crediting it to rupee debasement regardless of accomplishing more than 92 percent localisation. Offers of Honda bicycles remained at 823,918 units in 9MFY19 versus 838,395 units in same period last monetary.

Pakistan's general import bill for bicycle CKD/SKD packs went up to $611 million in 9MFY19 from $593m in same period last monetary year.

$63m office opened in Multan

MULTAN: PepsiCo authoritatively opened its new assembling office in Multan on Thursday. The new plant will deliver and supply snacks, for example, Lays and Kurkure for Pakistan and its fare markets.

As per a public statement, the greenfield venture is a $63 million invetment, expected to make 1,500 immediate and backhanded openings for work. Plant's key area is in closeness to PepsiCo's agrarian accomplices.

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