Earnings Releases

Systems Limited (PSX:SYS) reported its Q2 financial results for the period ending June 30, 2024. In this quarter, SYS earned a net income of Rs. 4.2 per share, though no cash dividend was declared. See Note. See Systems Presentation

Symmetry Group Limited (PSX:SYM) has announced its annual results for the period ending June 2024. SYM announced a cash dividend of 10% and Earnings Per Share (EPS) of Rs 0.48. The profit after tax at Rs 130.5 million is slightly less than the previous year, while the operating profit at Rs 150 million is 24% higher than the last year. SYM was listed on the Pakistan Stock Exchange (PSX) in September 2023. See announcement.

TPL Insurance Limited (PSX: TPLI) 2nd Quarter 2024; Cash Dividend nil, EPS: Rs. 0.25.‘Underwriting Results’ of Rs 27.4 million for the quarter ending June 2024 are higher by 12.5% than the same quarter last year. See note

HUB Power Company (PSX:HUBC), through its wholly owned subsidiary HPHL, has established Mega Motor Company (Private) Limited (MMCL). MMCL has formed a partnership with BYD Auto Industry Company Limited to introduce BYD New Energy Vehicles (NEVs) to Pakistan. Beyond the distributorship agreement, MMCL is also exploring a technical licensing agreement with BYD to set up an assembly plant in Sindh. See Presentation