Habib Bank’s earnings up 13% The Habib Bank Limited (HBL) announced the earnings for 2021 at Rs35 billion, depicting a surge of 13 per cent. The jump in the earnings on a yearly basis is primarily due to reduced provisioning charges, as last year saw elevated expenses, as part of building general coverage along with … Read more
Amreli Steels expects 10% growth in FY22 The management of Amreli Steels Limited (ASTL) is expecting 10 per cent growth with 400k tonnes of rebars in FY22 and is anticipating to maintain 12 to 13 per cent average gross margins during the period. Additionally, the company is hopeful that the higher volumetric growth coupled with … Read more
Interloop Limited plans expansion Despite dismal performance in the second quarter of FY22, Interloop Limited Pakistan (ILP) is favourite for expansion in the growing hosiery segment, improved prices in the international market and relative insulation against macroeconomic headwinds. The ILP’s much-awaited Hosiery Division V has successfully achieved CoD in the third quarter of FY22 with … Read more
