Profit

Investors have pulled out of saving schemes to deposit funds in banks

A 4.13% increased rate of return to make saving schemes lucrative and mobilise investment from the general public

Posts increase of 780 units compared to 663 units in previous year

They send to headquarters abroad just $225m as dollars become scarce

After-tax profit rises 82% to Rs810 million in Q3FY23 from Rs445 million last year

Net sales declined to Rs37.2 billion during the first quarter of FY23

Increase comes on back of rise in other income, dip in other operating expenses

Substantial increase in earnings from subsidiaries prop up company’s profit

Spike comes in wake of surge in sales, decline in finance cost

Rebound witnessed on back of rise in sales, other income