Muhammad Sarfraz Abbasi

Financial results: Despite speed bumps, Honda announces profits By Our Correspondent Published: November 27, 2013 Share this article Print this page Email The company sold about 12,783 units during the period against the sales of 8,541 units last year. PHOTO: FILE KARACHI:  Honda Atlas Cars has announced a profit-after-tax of Rs314 million or per share earnings of Rs2.20 for the six-month period ended September 2013, compared with a loss of Rs71 million and loss per share of Rs0.50 last year. However, the company’s profitability dropped in the quarter ending on September 2014 owing to the rupee’s depreciation against dolla...

                                                                  Auto industry: Car sales lose speed as the year nears its close By  Farhan Zaheer Published: November 12, 2013 On month on month (MoM) basis, car sales have dropped by 11% in October 2013 compared to September 2013, mainly due to long Eidul Azha holidays and overall slow economic activities in the country. PHOTO: FILE KARACHI:  The sales of local cars in first four months (July to October) of fiscal year 2014 (4MFY14) have jumped up by 7% and touched 42,796 units compared to 39,938 units in the same period last year. However, on month on month (MoM) basis, car sales have dropped by 11% in October 2013 compared to September 2013, mainly due to long Eidul Azha holidays and overall slow economic activities in the country...

                                                                   Textile sector: Indus Dyeing posts profits on stable cotton prices By  Our Correspondent Published: November 2, 2013 Indus dyeing and Manufacturing Company posted handsome earnings growth of 19% for the quarter ended on September 2013. PHOTO: FILE KARACHI:  Indus dyeing and Manufacturing Company on Friday posted handsome earnings growth of 19% for the quarter ended on September 2013. The net profit of the company jumped to Rs577 million or per share earnings of Rs31.9, compared with a profit of Rs485 million or per share earnings of Rs26.8 in the same quarter last year. “With stable cotton prices, the textile sector in general and Indus Dyeing in particular is going to earn good profits in the ongoing fiscal...