Lahore, December 29, 2017 (PPI-OT):The ratings reflect ABPL’s association with AlBaraka Banking Group – a strong Middle Eastern banking institution. Post-acquisition of Ex-Burj Bank and post-issuance of second Tier II Capital (Sukuk) both concluded favourably to bridge MCR gap and meet bank’s CAR as of Sep17. ABPL witnessed improvement in net spread on account of ...

Lahore, December 29, 2017 (PPI-OT):The ratings reflect TOIL’s adequate business profile. Volumetric growth in sales, on the back of recent capacity expansion. Overall gross margins squeezed mainly due to process in-efficiencies, resulting in high cost of production. However, margins are expected to improve in near future, once expansion in enhancing capacities will get streamlined, hence ...

Lahore, December 29, 2017 (PPI-OT):Saif textile mills limited (Saif Textile), biggest textile mill of Saif group, provides different kinds of yarn which include, Melange yarn, dyed yarn, man-made yarn and raw white yarn. The company, primarily in spinning business, has also small presence in yarn dyeing business. Despite challenging textile industry dynamics, Saif Textile managed ...

Lahore, December 29, 2017 (PPI-OT):The ratings reflect Pharmagen Limited (PL) strong business fundamentals. The pharmaceutical industry has witnessed a high rate of sustained growth over the years. Cost-efficiencies as well as demand inelasticity are benefiting the industry players. While product pricing has been a challenge, the new CPI-linked pricing criteria has allowed an increase in ...

Lahore, December 29, 2017 (PPI-OT):Ghandhara Nissan Limited (GNL) operates in the truck segment of the automobile sector. Presently, the company deals in Chinese brands. There has been a slowdown in the company’s performance with the discontinuation of UD Trucks, however, Ghandhara Nissan has tried to regain the lost market share with the introduction of new ...

Lahore, December 29, 2017 (PPI-OT):The ratings of M.Y. Bari Mills (Pvt.) Limited (Bari Mills) reflect small yet growing business profile. Bari Mills is a family owned small scale private company owned by a seasoned business family of Karachi. The company is primarily an export oriented, towel manufacturing concern. Bari Mills is in the process of ...

Lahore, December 29, 2017 (PPI-OT):Kohat Cement’s ratings reflect the market positioning – mid-tier (6% market share) cement player. The Company has cost-efficient operational framework reflected in robust EBITDA margins (leading position only in recent year) and strong profitability. The Company has announced capacity expansion of 2.3mln tpa with an estimated cost of PKR 13bln. The ...