Karachi, October 23, 2012 (PPI-OT): CORPORATE RESULTS
According to MR Securities,
• BoK earns Rs 1.81 billion profit before tax
The Bank of Khyber (BoK) earned Rs 1.181 billion profit before tax for the period ended 30th September, 2012.
• Profit after tax of IMC decreases
The profit after tax of Indus Motor Company (IMC) has decreased to Rs 690.771 million in quarter ended September 30, 2012 as compared to Rs 937.484 million earned in corresponding quarter in 2011.
• Profit after tax of IIL increases
The profit after tax of International Industries Limited (IIL) has increased to Rs 137.731 million in quarter ended September 30, 2012 as compared to Rs 25.121 million earned in corresponding quarter in 2011.
• Allied Bank’s profit after tax increases
The profit after tax of Allied Bank Limited (ABL) has increased to Rs 9.412 billion in the nine-month period ended September 30, 2012 as compared to Rs 7.728 billion earned in the corresponding period in 2011.
• FFC’s profit after tax reduced to Rs 3.457 billion
The profit after tax of Fauji Fertilizer Company (FFC) has reduced to Rs 3.457 billion in the quarter ended September 30, as compared to Rs 5.646 billion earned in the corresponding period in 2011.
• Unilever Foods’ profit after tax up Rs 547.475 million
The profit after tax of Unilever Foods Limited has increased to Rs 547.475 million in the nine month period ended September 30, as compared to Rs 473.031 million earned in the corresponding period in 2011.
• PICT profit after tax increases to Rs 390.840 million
The profit after tax of Pakistan International Container Terminal increased to Rs 390.840 million in quarter ended September 30, 2012 as compared to Rs 318.08 million earned in corresponding quarter in 2011.
• Pakistan Tobacco’s profit after tax climbs
The profit after tax of Pakistan Tobacco Company has increased to Rs 1.153 billion in 9 month period ending September 30, 2012 as compared to Rs 1.010 billion earned in the corresponding period in 2011.
• Abbott reports double-digit growth of 17 percent
Abbott Laboratories (Pakistan) Limited, reported earnings per share of Rs 15.42 for nine months ended September 30, 2012, registering an increase of 17 percent over the corresponding period last year.
SBP to remain closed from 26th to 29th
The State Bank of Pakistan and all offices of SBP Banking Services Corporation, including the Public Debt Offices, will remain closed from October 26 to 29, 2012 (Friday, Saturday, Sunday and Monday) being public holidays declared by the government on the occasion of Eid-ul-Azha.
World Bank says Punjab’s performance a ‘role model’ for other provinces
World Bank’s (WB) Country Director, Rashid bin Masood, has expressed his satisfaction over the performance of Punjab Government as a role model for other provinces and also signaled to provide funds for development projects of Punjab Government in future.
Pakistan joins list of central banks to invest in Chinese bonds
Pakistan will join a growing list of central banks that will invest in China’s interbank market as the world’s second-largest economy opens its capital markets.
KIPCO signs MoU with ORIX Corporation
KIPCO, the Kuwait Projects Company has signed a Memorandum of Understanding (MoU) with the ORIX Corporation, the biggest non-bank financial services group in Japan.
SNGPL to cut gas supply from today
Gas supply to the industrial sector in Punjab will be cut down from today, said an official of the Sui Northern Gas Pipelines Ltd (SNGPL)
ECC urged not to approve plan: APCNGA rejects proposed gas parity plan
All Pakistan CNG Association (APCNGA) rejected the proposed gas parity plan by the Petroleum Ministry and urged the Economic Co-ordination Committee (ECC) of Cabinet not to approve the plan.
Management of oil/gas: E and P companies told to ensure full utilization of funds
Parliamentary panel has directed the management of oil/gas Exploration and Production (E and P) companies operating in Sindh to ensure full utilization of funds earmarked for Corporate Social Responsibility (CSR).
Govt allocates Rs13.7 billion for Diamer-Basha dam project
The federal government has allocated Rs13.78 billion for the 4,500MW Diamer-Basha dam project during the fiscal year 2012-13, said chairman of Water and Power Development Authority (WAPDA).
New LPG policy likely to be approved today
ECC of the Cabinet is likely to approve new LPG Policy 2012 on Tuesday (today) according to which a ban will be imposed on the sale of gas to the private sector by the public sector
FBR to offer incentives to retailers, wholesalers
The FBR plans to install electronic cash registers in mega retail stores all over the country to launch an invoice-based lotto scheme. This will give customers incentive for getting receipts in order to win gifts through lottery schemes along the lines of a Turkey model.