A group of former Pakistan cricketers have returned from Zambia after featuring in an unsanctioned Twenty20 league, where they reportedly failed to receive full payment and now face a two-year ban from the Pakistan Cricket Board (PCB). The players went to Lusaka in order to take part in the Asian Legends League, a tournament that was promoted last month and which included among its featured names former Pakistan captain Mohammad Hafeez, wicketkeeper-batter Kamran Akmal and all-rounder Sohail Tanvir. Although Ambati Rayudu from India was originally going to take part in the league, he withdrew from Zambia without playing after finding out that the tournament had not been sanctioned. The Lusaka T20 League, which included teams like Asian Stars, Pakistan Panthers, Afghanistan and Sri Lanka, was set to start on August 2. A source close to the players stated that Hafeez, Akmal, Tanvir and Zahid Mahmood had asked for information regarding the tournament after finding out that it had not ...
Cupid Ltd. reported a sharp jump in its June-quarter earnings, with consolidated net profit surging nearly 200% year-on-year as stronger operating margin and a more than 2.6-fold increase in revenue boosted profitability.
The company's consolidated net profit rose to Rs 44.1 crore in the quarter ended June, compared with Rs 15 crore in the corresponding period last year, according to an exchange filing on Friday.
Revenue from operations surged to Rs 154.7 crore from Rs 59.8 crore, reflecting robust business momentum and strong execution during the quarter.
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Operating performance improved even faster than revenue. Earnings before interest, tax, depreciation and amortisation climbed to Rs 60.1 crore, up from Rs 16.5 crore a year ago. The Ebitda margin expanded to 38.8% from 27.5%, indicating better operating leverage and an improved product mix.
Cupid's June-quarter performance comes amid sustained demand across its business segments, with revenue increasing more than 2.5 times from the year-ago period. The pace of earnings growth exceeded revenue expansion, reflecting the benefits of scale and stronger margins.
Investors will closely watch the company's management commentary on order inflows, export demand, capacity utilisation and growth outlook for the rest of the financial year to assess whether the strong momentum can be sustained in the coming quarters.
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