The sports giant proved analysts’ projections wrong for earnings per share and revenues, but shares fell dramatically. Nike’s stockpiles in North America have increased by 65 percent. The company anticipates the stronger dollar will cost it $4 billion in the current fiscal year. Nike announced its quarterly profits were reduced on Thursday due to increased … Read more
KARACHI: The MCB Bank Limited on Wednesday announced 11 per cent growth in net profit for the half-year ended June 30, 2021, a bourse filing said on Wednesday. The profit-after-tax of the bank has been recorded at Rs14.88 billion for the period January–June 2021, compared with Rs13.42 billion in the corresponding period of the last … Read more
KARACHI: Engro Fertilizers Limited’s earnings for the second quarter ended June 30, 2021 surged 25.77 per cent to Rs4.8 billion (EPS: Rs3.6), compared with the net profit of Rs3.8 billion (EPS: Rs2.91) in the corresponding period of the last year, a bourse filing said on Thursday. The company declared an interim cash dividend of Rs4/share. … Read more
