Oil & Gas Development Company Limited (OGDC) reported its 3QFY20 earnings earlier today, where Profit after Tax (PAT) came in at PKR 30,466 MN (EPS: PKR 7.08/sh), higher than our expectation of PKR 6.01/sh. The company’s bottomline grew by 17.8% Q/Q, 6.7% Y/Y. ▪ For the 9MFY20 period, the company reported earnings of PKR 83,651… Continue reading OGDC 3Q earnings come in at PKR 7.08/sh, beat expectations
Author: Anum Qudsia Siddiqui
Attock Petroleum Limited (APL): 3QFY20 LPS of PKR 7.14/sh, lower than expectations
Attock Petroleum Limited (APL) reported its 3QFY20 earnings earlier today, where the company reported a loss of PKR 710 MN (EPS: PKR -7.14/sh) for the quarter, against our expectations of a profit of PKR 2.74/sh, compared to earnings of PKR 3.57/sh in the earlier quarter and PKR 2.86/sh in the same period last year. ▪… Continue reading Attock Petroleum Limited (APL): 3QFY20 LPS of PKR 7.14/sh, lower than expectations
LUCK – Lower retention subdues profitability during 3Q
Lucky Cement Limited (LUCK) announced its financial results earlier today, posting earnings of PKR 2,935mn (EPS: PKR 9.08) during 9MFY20, down 65% YoY compared with earnings of PKR 8,294mn (EPS: PKR 25.65) registered during 9MFY19. On a quarterly basis, earnings dipped by 64% YoY to PKR 999mn (EPS: PKR 3.09) during 3QFY20. Earnings attrition can… Continue reading LUCK – Lower retention subdues profitability during 3Q
Daily News:24th April 2020
Good Morning The financial support from the International Monetary Fund (IMF) and other multilaterals has lowered Pakistan’s financing risks from the coronavirus-related economic shock even though its fiscal deficit may touch double digits. Current account deficit during the first three quarters of current fiscal year shrank by 73 per cent to $2.768 billion compared to… Continue reading Daily News:24th April 2020
United Bank Limited (UBL) 1Q2020 Result: EPS at PkR3.98/sh-6.5% above consensus
United bank Limited (UBL) reported 1Q2020 result today posting consolidated Profit after Tax (PAT) of PkR4.9bn or EPS of PkR3.98/sh, up 21%Y/Y. Along with this, UBL paid out PkR2.5/sh as dividend. The result is above market consensus of PkR3.74/sh and KASB’s estimate of PkR3.61/sh by 6.5% and 10.3% respectively. We expect the stock to… Continue reading United Bank Limited (UBL) 1Q2020 Result: EPS at PkR3.98/sh-6.5% above consensus
PPL reports earnings of PKR 5.20/sh for 3QFY20, beating expectations
▪ Pakistan Petroleum Limited (PPL) reported its 3QFY20 earnings earlier today, reporting Profit after Tax (PAT) of PKR 14,151 MN (EPS: PKR 5.20/sh), higher than our expectation of PKR 4.85/sh. The company’s bottomline grew by 40% Q/Q, 2.8% Y/Y. ▪ For the 9MFY20 period, the company reported earnings of PKR 38,595 MN or PKR 14.18/sh,… Continue reading PPL reports earnings of PKR 5.20/sh for 3QFY20, beating expectations
POL 3Q earnings come in at PKR 5.20/sh, beat expectations
▪ Pakistan Oilfields Limited (POL) reported its 3QFY20 earnings earlier today, reporting Profit after Tax (PAT) of PKR 5,379 MN (EPS: PKR 18.95/sh), higher than our expectation of PKR 16.55/sh. The company’s bottomline grew by 17.9% Q/Q, 63.6% Y/Y. ▪ For the 9MFY20 period, the company reported earnings of PKR 13,947 MN or PKR 49.13/sh,… Continue reading POL 3Q earnings come in at PKR 5.20/sh, beat expectations
Habib Bank Limited (HBL) 1Q2020 conference call takeaways
Habib Bank Limited (HBL) held a conference call for Analysts and Investors today. The management reviewed 1Q2020 results and gave guidance regarding the bank’s outlook. Key highlights of the conference call were: -Operating expenses increased drastically in 1Q2020 due to costs related to closure of New York branch—approx. 24-25mn USD (PKR 4bn). The bank initially… Continue reading Habib Bank Limited (HBL) 1Q2020 conference call takeaways
Daily News: 23th April 2020
Good Morning Pakistan Wednesday received inflows amounting to $ 1.39 billion from the International Monetary Fund (IMF) under the Rapid Financing Instrument to address the economic impact of the COVID-19 shock. Following reduction in key policy rate, margin on all short-term government papers declined up to 250 basis points (bps) in the auction held Wednesday.… Continue reading Daily News: 23th April 2020
Current Account Deficit shrinks by 99% Y/Y to $6mn in Mar’20
State Bank of Pakistan released the current account data for the month of March today. Current account deficit came out to be $6 million in March’20, a decline of 99% Y/Y and 97% M/M. Major contribution in this decline came from the dip in Balance of Trade deficit. BOT deficit contracted by 29% Y/Y from… Continue reading Current Account Deficit shrinks by 99% Y/Y to $6mn in Mar’20
