Mrne Misuse of funds
KARACHI:Despite an economic slowdown and the KSE-100 index slumping every other day at the stock market, Engro Corporation surprised its investor
adidas samba pink s by surpassing expectations and declaring a dividend of Rs8 per share.The company s consolidated profit rose 16% to Rs4.9 billion in the quarter ended June 30, 2019 compared to earnings of Rs4.2 billion in the corresponding period of the preceding year, according to a notice sent to the Pakistan Stock Exchange (PSX) on Tuesday.Accordingly, the co
jordan1 mpany posted earnings per share (EPS) of Rs4.97 in the quarter under review against Rs3.29 in the same quarter of last year.Engro Corp recorded turnover of Rs45 billion during the Apr-Jun 2019 quarter against Rs38 billion in the same quarter of 2018. The company s revenue increased more than 18% but its cost also soared at the same time, undermining profit margins, said Topline Securities analyst Sunny Kumar. The co
aj1 jordan nglomerate s cost of sales increased to Rs32 billion in the Apr-Jun 2019 quarter agai Zmjo Islamabad SSP told to continue Muharram operations despite transfer
Facebook has decided to halt its
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air max97 c undersea cable that would have connected California and Hong Kong, due to tensions between the United States and China. quot Due to ongoing concerns from the US government about direct communication links between the United States and Hong Kong, we have decided to withdraw our FCC application, quot a Facebook spokesperson told AFP on Wednesday, referring to the Federal Communications Commission. quot We look forward to working with all the parties to reconfigure the system to meet the concerns of the US government, quot the spokesperson added.Facebook, Twitter outpaced by smaller platforms in fight against harmful contentThe social networking giant and several telecom companies filed their first construction permit in 2018, to connect two s
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