Kohat Cement Company Limited (KOHC) announced its financial result for 9MFY24 today, posting a PAT of PKR 6,512mn (EPS: PKR 33.25) compared to a PAT of PKR 5,363 (EPS: PKR 26.91) in SPLY, up by 21% YoY. During 3QFY24 earnings clocked in at PKR 2,058mn (EPS: PKR 10.51) against PKR 1,624mn (EPS: 8.29), showcasing a…
Attock Cement Pakistan 3QFY24 earnings arrived at PKR 1.30/share
Attock Cement Pakistan Limited (ACPL) announced its financial result for 9MFY24 today, posting a PAT of PKR 2,219mn (EPS: PKR 16.14) compared to PKR 1,057 (EPS: PKR 7.70) in SPLY, a jump of 110% YoY, mainly owed to gain on sale of the subsidiary ‘Saqr AL Keetan for Cement Production Company Limited’. During 3QFY24 earnings…
Maple Leaf Cement Factory profitability declined by 20% in 9MFY24
Maple Leaf Cement Factory Limited (MLCF) announced its financial result for 9MFY24 today, posting a PAT of PKR 5,374mn (EPS: PKR 5.01) compared to a PAT of PKR 6,185mn (EPS: PKR 5.76) in SPLY, down by 13% YoY. On a quarterly basis, the earnings settled at PKR 1,505mn (EPS: PKR 1.40) in 3QFY24 vis-à-vis PKR…
Astek secures euro 560 million financing, partners with ICG to accelerate growth
Astek, a titan in the realm of technology consulting, has declared a significant bolstering of its financial prowess. This strategic enhancement is aimed at propelling the company’s ambitious growth trajectory and its proactive strategy of judicious acquisitions. In a display of confidence and commitment, ICG, a stalwart investor known for its long-term strategic partnerships, has…
Mining giants BHP and Anglo American evaluate merger
Rejection of BHP Proposal LONDON, UK: BHP Group has confirmed its intention to pursue a historic merger with Anglo American. On April 16, 2024, BHP proposed an all-share offer that would see Anglo American shareholders receive 0.7097 BHP shares for each Anglo American share, alongside a pro-rata distribution of shares in Anglo American Platinum Ltd…
MYTILINEOS eyes international expansion with potential London Stock Exchange listing
MYTILINEOS Energy & Metals, the Greek industrial powerhouse, has announced a strategic review of its options, including a potential listing on the London Stock Exchange. This decision comes as the company celebrates a period of remarkable growth, with revenues and profitability quadrupling in the past five years. The company, which has been a staple of…
AstraZeneca reports 19% increase in Q1 2024 revenue to $12.67 billion
LONDON: AstraZeneca has kicked off the year with a remarkable 19% increase in Total Revenue, reaching $12.679 billion in the first quarter of 2024. The pharmaceutical giant attributes this surge to an 18% rise in Product Sales and sustained growth in Alliance Revenue from its partnered medicines. The company’s financial health is further evidenced by…
Kromek Group receives new Nuclear Security contract from US federal entity
LONDON: Kromek Group plc (AIM: KMK), a leading developer of radiation and bio-detection technology solutions for the advanced imaging and CBRN detection segments, is pleased to announce that it has been awarded a contract, worth up to $2.9m, from a US federal entity for the provision of nuclear security products. The contract, which is from…
Afentra secures government nod for Angolan oil asset acquisition
LONDON: Afentra plc, the AIM-listed oil and gas entity with a focus on African assets, has announced the Angolan government’s approval for its acquisition of interests in two oil blocks from Azule Energy Angola Production B.V. The deal, which involves a 12% stake in Block 3/05 and a 16% stake in Block 3/05A, is now…
Ariana Resources Plc announces merger with Rockover Holdings
LONDON: Ariana Resources plc, a prominent AIM-listed mineral exploration and development company, has announced a landmark merger agreement to acquire Rockover Holdings Limited, thereby gaining full ownership of the Dokwe Gold Project in Zimbabwe. This move signifies a pivotal expansion beyond Ariana’s established Turkish operations and aligns with its strategic goal of establishing a global…
Norcros plc to sell Johnson Tiles UK for £1 million
LONDON, UK: Norcros plc, a market-leading designer and supplier of high quality bathroom and kitchen products in the UK, Europe and South African markets, announced that following a strategic review, it has entered into an agreement to sell Johnson Tiles UK to its existing management team. Johnson Tiles UK, based in Stoke-on-Trent UK, designs, manufactures…
Tietoevry halts banking business demerger, opts for in-group specialization
OSLO, NORWAY: Tietoevry has halted the demerger process of its Banking business, initially set in motion on July 22, 2022. The company had previously considered transforming its Banking division into a standalone entity to be listed on the stock exchange. However, on February 15, 2024, Tietoevry’s Board of Directors approved a demerger plan, while also…