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| Company News | [1-1 of 1 stories]
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Bank: MEEZAN BANK LIMITED - Analysis of Financial Statements Financial Year 2003 - Half Year 2010OVERVIEW (September 03, 2010): Meezan Bank Limited (MEBL) is a publicly listed company, first incorporated on January 27, 1997. It is pioneers of Islamic banking in Pakistan and started its operations from March 2002. It started operations as an investment bank in August of the same year. In January, 2002 in an historic initiative, Meezan Bank was granted the Nations first full-fledged commercial banking license dedicated to Islamic Banking, by the State Bank of Pakistan.
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PAKISTAN SERVICES LIMITED - Analysis of Financial Statements Financial Year 2002-3Q'10OVERVIEW (September 02, 2010): Pakistan Services Limited, is an international public company, incorporated in 1958 in Karachi under the Companies Act, 1913 now Companies Ordinance, 1984 as a public limited company and is quoted on Karachi Stock Exchange. The company is principally engaged in hotel business and owns and operates the chain of 6 Pearl Continental Hotels in Pakistan, at Karachi, Lahore, Rawalpindi, Peshawar, Bhurban and Muzzaffarabad.
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NIB Bank to increase capital by Rs 8.6 billionKARACHI (September 01, 2010): NIB Bank intends to increase its capital by an amount of approximately Rs 8.6 billion in the near future with the objective of continuing to keep the bank strong and well-capitalised. According to an information sent to Karachi Stock Exchange (KSE), the Board of NIB Bank currently contemplates the capital increase to be in the form of Redeemable Preference Shares.
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NIB Bank posts Rs 1,944.486 million loss after taxKARACHI (August 31, 2010): NIB Bank has posted Rs 1,944.486 million as loss after tax in the half year period ended on June 30, 2010 as compared to profit after tax of Rs 579.913 million, earned in the corresponding period in 2009. The board of directors of the bank, in its meeting held on August 27, 2010, declared that bank has registered per share loss of Re 0.48 in the period under review against earning per share of Re 0.14 in the same period a year back.
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Summit Bank loss after tax reduces to Rs 192.018 millionKARACHI (August 31, 2010): The loss after tax of Summit Bank Limited (formerly Arif Habib Bank Limited) has declined to Rs 192.018 million in the half year period ended June 30, 2010 as compared to Rs 568.187 million in the corresponding period in 2009. The board of directors of the bank in its meeting held on August 28, 2010 at Deira Dubai declared that the bank's loss per share has reduced to Re 0.38 in the period under review against Rs 1.14 in the same period a year back.
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Pakistan Refinery loss after tax shrinks to Rs 2.975 billionKARACHI (August 31, 2010): The loss after tax of Pakistan Refinery Limited has declined to Rs 2.975 billion in the financial year ended June 30, 2010 (FY10) as compared to Rs 4.571 billion in the corresponding period in FY09. The board of directors of the company in its meeting held on Monday declared that the company's loss per share has reduced to Rs 85.01 in the period under review against Rs 130.62 in the same period a year back.
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Indus Motor declares Rs 10 per share dividendKARACHI (August 31, 2010): The profit after tax of Indus Motor Company Limited increased to Rs 3.443 billion in the year ended on June 30, 2010 (FY10) as compared to Rs 1.385 billion earned in FY09. The company's earning per share surged to Rs 43.81 in the period under review against Rs 17.62 a year back.
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