Brokerage

Karachi, February 23, 2015 (PPI-OT): Nishat Mills limited (NML) and Nishat Chunian Limited (NCL) are scheduled to announce their 2QFY15 results tomorrow. AKD Securities Limited expects NML to post net earnings of PkR1.28bn (EPS: PkR3.64) in 2QFY15 vs. NPAT of PkR2.28bn (EPS: PkR6.49) in 2QFY14, down by 44%YoY. Due to subdued top-line (down by 5.1%YoY) ...

Karachi, February 23, 2015 (PPI-OT): Lucky Cement Limited (LUCK) posted unconsolidated net earnings of PkR2.93bn (EPS: PkR9.07) in 2QFY15, registering a growth of 12%YoY against NPAT of PkR2.61bn (EPS: PkR8.09) in 2QFY14. The growth in bottom-line came on the back of 1) 7%YoY jump in revenues to PkR10.9bn (cement dispatches up 3.9%YoY) and 2) improvement ...

Karachi, February 20, 2015 (PPI-OT): Indus Motor Company Limited (INDU) announced 1HFY15 results today, where the company posted earnings of Rs3,143mn (EPS: Rs39.99), up 132% YoY. The result was in-line with JS Securities Limited’s expectation of Rs2,958mn (EPS: Rs37.63). The company also announced an interim cash dividend of Rs20/share. In 2Q alone, earnings clocked in ...

Karachi, February 20, 2015 (PPI-OT): As per a Bloomberg ticker, DGKC has once again affirmed its stance on expanding its current plant capacity (~4.2mn tons) to ~6.7mn tons by way of a greenfield expansion where the company will be installing a new plant near Hub, Baluchistan. The lead time from the financial close of the ...

Karachi, February 20, 2015 (PPI-OT): Indus Motor Company (INDU) announced its financial result for 1HFY15 where the company posted NPAT of PkR3.1bn (EPS: PKR39.99) vs. NPAT of PkR1.4bn (EPS: PkR17.20) in 1HFY14, translating into a robust growth of 132%YoY. Alongside the result, the company announced an interim cash dividend of PkR20/share. The result was above ...

Karachi, February 20, 2015 (PPI-OT): Engro Corporation Limited (ENGRO) held its analyst briefing yesterday to discuss the company’s CY14 results. Recall that ENGRO announced NPAT of PkR7.80bn (EPS: PkR13.59) in CY14, lower by 6%YoY. In 4QCY14 alone, the company recorded NPAT of PkR2.64bn (fully diluted EPS: PkR5.07), up 32%QoQ. In addition to this, CY14 result ...

Karachi, February 18, 2015 (PPI-OT): Engro Corporation Limited (ENGRO) announced NPAT of PkR7.80bn (EPS: PkR13.59) in CY14, lower by 6%YoY vs. NPAT of PkR8.32bn (EPS: PkR15.29) posted in the previous year. In 4QCY14, the company recorded NPAT of PkR2.64bn (fully diluted EPS: PkR5.07), up 32%QoQ against NPAT of PkR1.99bn (fully diluted EPS: PkR3.27) the company ...