KARACHI: Packages Ltd reported on Tuesday consolidated earnings of Rs7.1 billion for 2021, up 57.6 per cent from a year ago.

The company declared a cash dividend of Rs27.50 per share for its ordinary shareholders. Its revenue grew 23.6pc to Rs80.3bn in the same year, a stock filing showed.

The company’s share price increased 4.59pc to Rs442.85 on the stock exchange.

IGI Holdings income rises 50pc

Consolidated income of IGI Holdings Ltd for 2021 remained Rs2.59bn, up 50.5pc from the preceding year, according to a shares market filing on Tuesday.

The company announced a final cash dividend of Rs3.50 per share, which is in addition to the interim dividend of Rs2 per share.

Operating revenue rose 10.1pc to Rs12.6bn while operating expenses incre­ased 18.4pc to Rs40.4bn over the same period. Its share price rose 3.9pc to Rs128.48 apiece on Tuesday.

Pak Elektron earnings surge 7.1 times

Pak Elektron Ltd told investors on Tuesday its earnings for 2021 amounted to Rs1.59bn, up 7.1 times from a year ago.

The company didn’t announce any cash dividend. Its top line grew 45.7pc to Rs55.3bn on an annual basis in 2021.

Its share price increased 7.18pc to Rs16.28 apiece on the stock exchange.

Published in Dawn, March 30th, 2022