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...

                           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...