Cnergyico Reports Robust Growth in Annual Net Profit to Rs. 4.7 Billion After Another Strong Quarter, Despite Challenges

Cnergyico Pk Limited (formerly Byco Petroleum Pakistan Limited), today reported financial results for the year ending 30th June, 2022. Despite the long-pending challenges in the refining sector, the company earned net revenues of Rs. 170 billion, up from Rs. 142.1 billion in FY-2021. Operating profit increased by more than Rs. 2.5 billion (before finance costs and taxation) in FY-2022. Net profit for the financial year rose to Rs. 4.7 billion, or Rs. 0.90 per share, increasing from Rs. 3.5 billion, or Rs. 0.67 per share, in FY-2021.Cnergyico Pk Limited successfully…

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Naya Nazimabad ( NN) and National Forum for Environment has launched Urban Forest today

Naya Nazimabad ( NN) and National Forum for Environment has launched Urban Forest today .more than 1000 sheddy ,flowey, fruit trees will plant trees on this forest . a colorful & graceful ceremony held yesterday.commissioner karachi M Iqbal Memon inaugurated this urban forest . Samad Habib CEO NN , Saeed Ahmad CEO NN maintinance company , SM Talah President NN gymkhana , President NFEH M. Naeem Qureshi spoke on this occasion.test cricketer Fawwad Alam. Ruqiya Naeem GS NFEH, yogi Wajahat and residents of NN were attended the ceremony. NFEH will…

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ETRC, LONGi ink MoU for Training on Solar System

Energy Training and Research Centre (ETRC) and Chinese company LONGi Solar Technology Limited here Monday signed a cooperation Memorandum of Understanding (MoU) under which LONGi Solar will provide technical and financial support for conducting two-month training on Solar Photovoltaic (PV) system for power generation at the ETRC Lahore. Sharing his views as chief guest on this occasion, Country Manager (Pakistan) LONGi Solar China, Ali Majid said that LONGi Solar headquartered located in Xi’an, was professional manufacturer of high-efficiency mono-crystalline solar cells and modules. He added that LONGi Solar would soon…

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Master plan for sustainable development of mineral sector initiated

The Mines and Minerals Department has initiated a master plan to switch over from the traditional regulatory mode to a more facilitative, ease of business, investment attractive, sustainable, safe and mines workers welfare-oriented mineral sector. In this connection, the department organised a seminar here Sunday. Provincial Minister for Mines and Minerals Latif Nazar chaired the event via video link, while Mines and Minerals Department’s Secretary Asadullah Faiz, Additional Secretary Ms Sara Ahmad Cheema, Deputy Secretary Aatika Ammar Bukhari and senior officers of the department also attended the seminar. Mine and…

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Oil And Gas Rules The Toronto Stock Exchange

After a three year absence, oil and gas companies are back with a bang on the Toronto Stock Exchange’s annual list of top stocks, the TSX 30, which features the top-performers over a three-year period.  Based on dividend-adjusted share price performance, a total of 14 energy companies made the 2022 list of the 30 best performing stocks on the S&P/TSX index, posting an average share-price increase of 306% the period, thanks to surging global energy demand and sky-high commodity prices. Canada’s energy benchmark, Horizons S&P/TSX Capped Energy ETF (HXE.TO), has outperformed its United States…

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