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Sana Industries Announces Significant Bonus Distribution Despite Negative Earnings

March 28, 2024 Business & Finance News

Karachi, Sana Industries Ltd. (SNAI) reported negative earnings with an EPS of Rs (6.71) for the period of JanuaryFebruary 2024. However, the company declared a 25% cash distribution and a 65% bonus distribution in 2023, signaling a focus on sharehold...

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Javedan Corp Preference Shares Remain Static in Market Without Financial Data

March 28, 2024 Business & Finance News

Karachi, Javedan Corp has not released any recent financial data regarding its preference shares (JVDCPS), including earnings per share or dividends. The preference shares are priced at Rs 20.00, with a nominal paidup capital of Rs 0.51 million. Since...

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Archroma Pakistan Ltd Announces Substantial Dividend After Exceptional Earnings

March 28, 2024 Business & Finance News

Karachi, Archroma Pakistan Ltd (ARPL), a leader in the chemical industry, unveiled impressive earnings with an earnings per share (EPS) of Rs. 36.47 for the year ending September 2023. The company declared a 450% dividend for 2023, underscoring its ex...

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UBL Asset Allocation Fund Reports Annual Growth

March 28, 2024 Business & Finance News

Karachi, The UBL Asset Allocation Fund has reported a 7.34% return for the fiscal year, despite not announcing a distribution for the current period. Established in 2013, with an offer price of Rs 178.75 and a redemption price of Rs 172.89, the fund d...

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Pakistan State Oil Co. Ltd. Lowers Dividend Despite Positive Earnings

March 28, 2024 Business & Finance News

Karachi, Pakistan State Oil Co. Ltd. (PSO), the largest player in the oil and gas marketing sector, declared a 75% dividend for 2024, down from 100% in the previous year. The company's stock was heavily traded, with a high of Rs. 195.98 and a low of R...

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NIT – Islamic Equity Fund Provides Year-End Update

March 28, 2024 Business & Finance News

Karachi, The NIT - Islamic Equity Fund has reported both an offer and redemption price of 8.81 for June 2022, along with a distribution of "Rs 0.50 per unit." Since 2015, this fund has been committed to providing Shariah-compliant equity investment ...

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Invest Capital Investment Bank Sees Positive Earnings Growth

March 28, 2024 Business & Finance News

Karachi, Invest Capital Investment Bank (ICIBL), engaged in the banking sector and listed on the Pakistan Stock Exchange, reported a positive earnings per share (EPS) of Rs. 0.32 for JanuaryFebruary 2024. The bank’s share price was noted at Rs. 1.37, ...

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Asianet Pakistan

Asia Net Pakistan is a website that provides press release distribution and publishes news online across various sectors including business, politics, sports, and entertainment. The primary goal is to keep readers informed about happenings that can impact their lives. The website publishes news and highlights issues, urging concerned authorities to address them.

  • Hot, Humid Conditions Persist; Rain Forecasted for Upper Regions

    2 days ago
  • PM Directs Timely Completion of All Daanish Schools

    2 days ago
  • Government Committed to Empowering Youth with Equal Opportunities: PM

    2 days ago
  • PM Office System is Proving Successful: Ahad

    2 days ago
  • President and PM Praise Security Forces for Successful Operations in KP and Balochistan

    2 days ago

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