Muhammad Sarfraz Abbasi

                           Corporate results: Pak Suzuki posts lower than expected results By  Farhan Zaheer Published: October 31, 2013 Pak Suzuki sold 59,292 cars in 9MCY13 compared to 69,589 in the same period of last year, down by a significant 15% YoY. PHOTO: FILE KARACHI:  Pak Suzuki Motor Company – the biggest automobile manufacturer by market share in Pakistan – has posted a handsome earning of Rs371 million in the July-September quarter, against a loss of Rs193 million in the corresponding period last year. The company recorded per share earnings of Rs4.51 in the third quarter of 2013 against a loss per share of Rs2.35 last year. In comparison to the third quarter of previous year, the company’s gross profit increased significantly to Rs890 million against a negative growth of Rs49 million. However analysts had projected better results, blaming the ...

HOME PAKISTAN BUSINESS WORLD SPORTS LIFE & STYLE MULTIMEDIA OPINION MAGAZINE BLOGS URDU NEWS          ALERTS Corporate results: Atlas Honda records 22% profit growth By  Our Correspondent Published: October 31, 2013 Earnings per share of the company improved to Rs9.22 against Rs7.55 in the previous year. PHOTO: FILE KARACHI:  Atlas Honda – the largest motorcycle producer in Pakistan – has announced an earnings growth of 22% to Rs953 million in the first half (April-September) of fiscal year 2013-14 against Rs781 million in the corresponding period of previous year. Earnings per share of the company improved to Rs9.22 against Rs7.55 in the previous year. The growth in the bottom line (profit) came as a result of increase in the top line (revenues), slightly improved other income and decline in financial charges. However, the growth in earnings was restricted by an increase in cost o...

Corporate results: Lucky Cement makes profit of Rs2.5b in 1st quarter                                                 Corporate results: Lucky Cement makes profit of Rs2.5b in 1st quarter By  Our Correspondent Published: October 30, 2013 According to analysts, the earnings are good and quite close to market expectations, but not up to the status of a company that leads the market. PHOTO: FILE KARACHI:  Lucky Cement, the largest and one of the most efficient cement manufacturers with 18% market share, has announced a respectable profit growth of 26% in the first three months (July-September) of fiscal year 2013-14. According to analysts, the earnings are good and quite close to market expectations, but not up to the status of a company that leads the market. The company recorded after-tax...

HOME PAKISTAN BUSINESS WORLD SPORTS LIFE & STYLE MULTIMEDIA OPINION MAGAZINE BLOGS URDU NEWS Looking ahead: What FY14 will be like By  Our Correspondent  /  Farhan Zaheer Published: October 27, 2013 Cement companies have used the last two years to extensively de-leverage their balance sheets, using their healthy operating cash flows. PHOTO: AFP/FILE KARACHI:  Despite a slow start in the first quarter of fiscal year 2014, industry officials and analysts say that the cement industry will rebound strongly in the remaining three quarters. Industry officials are banking on steady cement prices (that are expected to rise soon) and stable or better sales in domestic market and exports. Despite financial constraints by the government, analyst say higher spending on public sector development programmes (PSDP) will increase cement consumption in FY14. Positive sentiments among investors for a government being led by...

          HOME PAKISTAN BUSINESS WORLD SPORTS LIFE & STYLE MULTIMEDIA OPINION MAGAZINE BLOGS URDU NEWS Corporate results: FFBL profit up despite gas curtailment woes By  Our Correspondent Published: October 26, 2013 Share this article Print this page Email Earnings per share for the nine month period were recorded at Rs3.58, up 57% from Rs2.28 in the previous year. PHOTO: FILE KARACHI:  Fauji FertilizerBin Qasim Limited (FFBL) announced its financial results for the first ninth months of calendar year 2013, revealing an after-tax profit of Rs3.2 billion, up 51% on a consolidated basis from Rs2.1 billion in the previous year. However profit after tax for the third quarter of the fiscal year remained largely the same at Rs1.4 billion when compared to last year’s figure of Rs1.48 billion. Earnings per share for the nine month period were recorded at Rs3.58, up 57% from Rs2....

                                    Corporate results: Lafarge Cement profit drops 86% as cost rises October 24, 2013 Share this article Print this page Email The company posted after-tax profit of just Rs39 million in the third quarter ended September 2013. PHOTO: FILE KARACHI:  Lafarge Pakistan Cement, the only multinational cement manufacturer in Pakistan, announced disappointing results on Wednesday. The company posted after-tax profit of just Rs39 million in the third quarter ended September 2013, down a massive 86% from Rs269 million in the same period of previous year. Earnings per share dropped to Rs0.03 from Rs0.20 last year. However, on a nine-month basis, the company performed better compared to the previous year. It earned Rs903 million in the first nine months of 2013 compared to Rs768 million in the same period of 2012. “The third-quarter resu...