ISLAMABAD: The Pakistan National Shipping Corporation (PNSC) on Wednesday announced a profit of Rs104.6 million for the second quarter ended on December 31, 2012 against Rs46.7 million in the same period of last year, according to a notice sent to the Karachi Stock Exchange. The profit witnessed a substantial rise due to decrease in other operating expenses and finance cost, and surge in other operating income. The earnings per share (EPS) was recorded at Rs0.79 during the July-December 2012 against Rs0.35 in the corresponding period of last year. Zaheer Ahmed, analyst of Aba Ali Habib, told APP that the PNSC’s profit increased after it signed an agreement with the Pakistan State Oil (PSO) for transporting its imported oil consignments. “This agreement caused a surprising surge in the net income of PNSC during the July-December 2012,” he added.
Published in The Express Tribune, February 21st, 2013.
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