Karachi, January 27, 2015 (PPI-OT): Analyst briefing notes Engro Foods (EFOODS) held its analyst briefing earlier today to discuss the company’s 4QCY14 results. Recall that EFOODS posted unconsolidated NPAT of PkR635mn (EPS: PkR0.83) in 4QCY14 vs. a loss of PkR77mn (LPS: PkR0.10) in 3QCY14. As a result, CY14 earnings stood at PkR888mn (EPS: PkR1.16) against ...
Read More »AKD Securities Limited – Result Review
Karachi, January 27, 2015 (PPI-OT): MLCF: 1HFY15 Result Review Maple Leaf Cement (MLCF) has announced its 2QFY15 results in which the company posted net earnings of PKR888.2mn (EPS: PKR1.68), registering a muted decline of 4.1%YoY against NPAT of PkR926.2mn (EPS: PkR1.76) in 2QFY14. This was against AKD Securities Limited’s projected 2QFY15 NPAT of PkR813.9mn (EPS: ...
Read More »AKD Securities Limited — CY14 Fertilizer Review
Karachi, January 27, 2015 (PPI-OT): Fertilizer numbers for Dec’14 have recently been released by NFDC. In line with AKD Securities Limited’s expectations, CY14 urea sales fell from 5.89mn MT in CY13 to 5.63mn MT in CY14, down 4%YoY. Imported urea sales went down by 29%YoY as production from the local players particularly EFERT increased by ...
Read More »AKD Securities Limited Equity Research – Pakistan weekly update
Karachi, January 09, 2015 (PPI-OT): Stock Smart The KSE‐100 Index shot up by 1.81%WoW, reaching record highs at 33,325pts based on strong investor confidence boosted by positive macro developments ahead of this month MPS announcement. This was despite net FIPI outflow of US$6.1mn during the week under review. Major events that managed to impact the ...
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