Business News

Karachi: ILP, a notable entity in the apparel industry, has reported a significant increase in revenue for the fiscal year 2024, reaching PkR156 billion, a 31% rise compared to the previous year. However, the company's profitability has taken a downtu...

The post ILP Reports Revenue Surge Amid Declining Profitability and Strategic Expansion appeared first on Pakistan Business News.

Karachi: Haleon Pakistan Limited (HALEON) has reported a considerable increase in earnings, achieving Rs3.2 billion for the first nine months of the calendar year 2024, marking a 5.1-fold year-on-year growth, This surge translates into an earnings per...

The post Haleon Pakistan Reports Significant Earnings Growth Amid Strategic Portfolio Expansion appeared first on Pakistan Business News.

Karachi: In its fiscal year 2024 briefing, Mughal Steel announced a record revenue of PKR 92.4 billion, marking a 37% increase from the previous year, driven largely by higher sales volumes. Despite this achievement, the company faced significant chal...

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Karachi: Interloop Limited, a prominent player in Pakistan's textile industry, has maintained its 'Buy' rating with a projected target price of Rs104 by December 2025. Despite revising its earnings outlook for the first half of FY25, the company is pu...

The post Interloop Limited Maintains ‘Buy’ Rating Amid Expansion Plans appeared first on Pakistan Business News.

Karachi: PACRA has maintained its broker management rating for Spectrum Securities Limited at a BMR3+ level, reflecting a stable outlook. This was announced in a recent review of the company's performance in the equity brokerage sector.

According to...

The post PACRA Maintains Rating for Spectrum Securities Amid Market Growth appeared first on Pakistan Business News.

Karachi: Acting Chairman of the Employees Old Age Benefit Institution (EOBI), Javed A. Shaikh, announced plans to reinstate a help desk within the Korangi Association of Trade and Industry (KATI) and address pressing contribution issues. The announcem...

The post EOBI to Reinstate Help Desk and Address Contribution Issues, Says Acting Chairman appeared first on Pakistan Business News.

Lahore: Maple Leaf Cement Factory Ltd. (MLCF) announced a 7% increase in its topline for FY24, reaching PkR66.4 billion, driven by improved retention prices. However, the company's utilization fell to 45% due to weaker demand and increased capacity,
...

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