HBL Reports PKR 14.5bn Profit for 3QCY24 with Strong Non-Funded Income Growth Habib Bank Limited (HBL) reported earnings of PKR 14.5 billion (EPS: PKR 9.85) for the third quarter of 2024 (3QCY24), reflecting a year-on-year (YoY) decline of 13% but a quarter-on-quarter (QoQ) increase of 1%. For the first nine months of 2024 (9MCY24), the bank’s total earnings reached PKR …
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Pakistan State Oil (PSO) Records Impressive Earnings in FY24 The marketing and sales of imported liquefied natural gas (LNG) in Pakistan have turned into a highly profitable venture after the government passed on rising international gas prices to local consumers. This move has enabled state-owned energy companies to avoid further accumulation of circular debt, reduce their reliance on bank borrowing, …
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The Hub Power Company Limited (HUBC) has reported robust financial results for the fiscal year 2024 (FY24), with consolidated earnings reaching PKR 70,018 million (Earnings Per Share: PKR 54.0), marking a 22% year-on-year (YoY) increase compared to PKR 57,554 million (EPS: PKR 44.4) in FY23. Despite a 14% YoY decline in profitability during the fourth quarter of FY24 (4QFY24), where …
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