PIBT shows consistent performance in 1QFY19-20

Pakistan International Bulk Terminal Ltd (PIBT) has handled 2.191Mt cargo, for the quarter ended 30 September 2019, against 2.14Mt in the same period last year, depicting consistent performance in handling import of coal for cement and other industries.
 
PIBTL earned a net profit of PKR479.14m (US$3m) against a loss of PKR105m during this accounting period.
 
The company's Board of Directors reiterated its commitment to efficiently operate Pakistan's first state-of-the-art mechanised bulk cargo terminal for the handling of coal, clinker and cement, in line with international standards of excellence to curtail environment pollution and modernise the port infrastructure of the country, said Sharique Azim Siddiqui, PIBT's CEO.