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Last update: Thu, 11 Feb 2016 06pm

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Shareholders of Pakistan Telecommunication Company Limited (KSE: PTC) would have surely liked the 20 percent total cash dividend (Rs2 per share) the PTC groups management would pay out as cash dividend. However, the telecom giants falling profit margins might have dampened their spirits for the year ahead.
Government papers are not yielding double digits lucrative returns as they were in 2014 - but that does not necessarily mean banks do not want them anymore. A look at Allied Bank Limited (ABL) CY15 annual financial results reveal the strategy of cautious lending, smart deposit growth and banking on non -ore income is still very much intact. ABL's pre-tax profits grew considerably during the period. The flattish bottom line is not comparable due to the imposition of super tax.
The news is yet to become official, but sources have confirmed that Rocket Internet is shutting down its carpooling start-up - Tripda. The young tech company started out from Brazil in June 2014, making its way to Pakistan six months later. Tripda couldn't close its second round of funding, forcing its parent to cease Tripda operations globally.
Attock Petroleum Limited's financial performance (PSX: APL) for 1HFY16 presented a mixed bag of expectations and surprises. Where the oil marketing company continued to feel the jitters from low oil prices and lower volumetric sales like in earlier quarter as expected, it was able to surprise the market with its announcement of above expectation dividend for the 2QFY16.
Attock Cement turned in a strong performance in 2QFY16 on the back of ever-increasing local dispatches, to take its top-line tally to Rs6.4 billion for 1HFY16. Although its net sales for the period are similar to the sum reported for the same period of the previous fiscal, the real improvement is evident from rising margins.
Almost everyone would have noticed the ongoing opposition between the government and PIA management, and between Tapal and Lipton. The advertising tussle between the two key tea-brands has been turned up a notch with their recent ad campaigns.
Low spreads, multiyear low interest rates, super tax, more tax on dividend income and all of that aside - MCB still managed to report a slight increase in its after tax profits year-on-year for CY15. The pre-tax profits soared by a sizeable 15 percent, despite very nominal top-line growth. The impetus came from efficient liability profiling and an ever reliable hand from other income.