BEIJING: Several coffee brands in China have raised prices recently, and market watchers have predicted that prices are likely to continue rising, given the upward pressure on raw material costs. On Wednesday, without any official announcement, consumers found that Starbucks had increased the prices of various drinks by 1 yuan ($0.16) to 2 yuan. Starbucks … Read more
KARACHI: The net profit of K-Electric Limited (KEL) declined 33.8 per cent to Rs9.4 billion, translating into the earnings per share (EPS) of one paisa during the quarter ended December 31, 2021, a bourse filing said on Thursday. The company posted a profit of Rs14.2 billion, translating into the EPS of 21 paisas in the … Read more
ABU DHABI: Etisalat Group has continued growth in across-the-board operations for the first half of the year as the company announced its consolidated financial results for H1 ending 30th June 2021. According to company’s latest announcement, consolidated revenues amounted to Dh 26.4 billion representing year-over-year (YoY) increase of 3.2 percent while consolidated net profit after … Read more
KARACHI: It seems this year’s corporate result announcement season will not be fortunate for the sugar mills as increased regulation and taxes on the commodity sales would further impact the books of already depressed mill owners. Four sugar mills posted financial results for the nine-month period ended June 30, 2021 on Tuesday, which do not … Read more
