KARACHI: National Bank of Pakistan earned a profit of Rs14.7 billion in the first nine months of 2017, depicting an increase of 9.6 per cent year-on-year, a press release said on Friday.
In the third quarter alone, earnings increased 75pc to Rs6.1bn mainly on account of capital gains of Rs2bn as well as provision reversals amounting to Rs2bn.
The bank did not announce any cash dividend.
Indus Motor earnings grow 19pc: The automobile company announced 19pc growth in its profit for the quarter ending on Sept 30.
Its quarterly earnings amounted to Rs3.63bn against Rs3.05bn in the comparable three-month period of last year.
The board announced an interim cash dividend of Rs30 per share. Net sales rose 21.3pc to Rs31.23bn from Rs25.75bn a year ago.
Sector analysts said revenues remained above expectations as higher-price variants contributed more towards the sales mix.
The company sold 15,087 units in July-September, up 5pc year-on-year.
SNGPL posts Rs8.61bn profit: Sui Northern Gas Pipelines Ltd (SNGPL) reported a profit of Rs8.61bn for 2016-17, up from Rs0.12bn year-on-year.
Its board also declared surprise cash dividends of Rs6 per share for 2016-17 and Rs1.50 per share for July-September.
Net sales of SNGPL grew 38.4pc to Rs346bn. Analysts described the financial result as higher than expectations because of higher capital expenditure carried out on account of the LNG-II pipeline and lower unaccounted-for gas losses in 2016-17.
DHCL income increases to Rs11.4bn: Dawood Hercules Corporation Ltd recorded a 16pc growth in its consolidated profit for January-September.
Its earnings amounted to Rs11.41bn as opposed to Rs9.83bn in the comparable period a year ago.
On a standalone basis, the company’s net profit amounted to Rs2.31bn, down from Rs3.6bn in the same period last year.
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