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Last update: Thu, 01 Sep 2016 02am

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CPEC used to be called the game changer. Thanks to PML-N's marketing gigs well displayed at the CPEC summit and expo held in Islamabad earlier this week, CPEC is now being called the fate changer. Pak-China friendship has also been elevated from being taller than Himalayas to higher than the stars.
National Bank of Pakistan (NBP) continued its impressive performance and defied the odds once again. In times of thin spreads, low interest rates, and slow deposit growth, the state-owned bank managed to report a massive 25 percent year-on-year increase in after-tax profits. Recall that most banks have had a middling earning season, owing to a variety of reasons, making NBP stand out in 1HCY16.
National Foods Limited (PSX: NATF), one of the leading FMCG companies of Pakistan, has closed its financial year with a 16 percent year-on-year growth in its top line for FY16, and a 20 percent year-on-year decline in its bottom-line, posting profits of Rs797 million in FY16 against Rs995 million in FY15. The company has also announced a cash dividend of Rs2.75 per share (55 percent).
ICI Pakistan Limited (PSX: ICI) has ended FY16 with a substantial growth in its bottom line. The earrings of the company grew despite the fact that the net turnover of ICI dropped by one percent year-on-year during the period under discussion.
Hascol Petroleum Limited's (PSX: HASCOL) share price has been storming up; the stock price has more than doubled over two years since the firm's IPO increased by 78 percent over the last one year, out-performing the benchmark index and the OMC's sector that has remained subdued against KSE100. The increase in the OMC's share price has been a result of HASCOL's operational and financial performance, especially the volumetric growth that has brought the OMCs in competition with the other listed oil marketing companies; dealing in petrol, diesel and furnace oil, HASCOL is now among the top four oil marketing companies of the country in terms of volumes.
Local pharma giant Ferozsons has ended FY16 with unprecedented growth. For the full-year ended June 2016, the company's top line and gross profit saw triple-digit growth. The bottom line growth was an awesome 181 percent year-on-year, and investors were rewarded with a dividend of Rs12 per share.
For the Financial year ended June 2016, the performance of the Thal Limited (PSX: THALL) a conglomerate which is engaged primarily in Engineering, Building Materials and Allied products has stayed flat. The bottom line of the company grew by only one percent and reported Rs2,179 million compared to Rs2,149 million in FY15. At the same time, the top line reported a decline of two percent year-on-year to Rs15,266 million.%D%AThe Engineering Segment of the company contributed quite significantly in the top line on the back of strong performance from the auto sector. The auto industry in Pakistan has shown highest car sales since 2007 and a 20 percent year-on-year growth mainly on account of Apna Rozgar Scheme.