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For the half-year ended 2016, Sanofi-Aventis continues to grow stronger; the pharmaceutical's top line was up by five percent year-on-year, while lower costs helped to achieve a spectacular pop in gross margins. The company's bottom line has more than doubled, on gains realized in the recent quarter.
Life of small and medium size banks in Pakistan is getting tougher, under the rules of minimum rates on interest bearing deposits in days of thinning spreads. The world is moving in a direction, where the mantra of ;too big to fail' is losing steam as big banks create systematic risk to economies and can potentially become white elephants.
The benchmark KSE-100 index closed over 40,000 level on August 15, 2016. Breaking news ran all over media channels and news anchors made sure that everyone and their grandmothers knew of the historic achievement.
Indus Motors (PSX: INDU) closed off the year with a 13 percent growth in its top line for FY16 (FY15: 2.7%) and a 26 percent growth in its bottom line (FY15: -21%) posting profits of Rs11.5 billion in FY16 against Rs9.1 billion in FY15. To pass on the celebration to its shareholders, cash dividend of Rs40 per share (400%) in addition to a combined interim dividend of Rs60 per share (600%) was also offered.
Pakistan's largest pharma multinational continues its upward journey; for the half-year ended 2016, GSK's top line grew by 11 percent over last year, giving an 8 percent increase in gross profit. Although gross margins contracted slightly, the bottom line figure was up by 29 percent year-on-year.
Often found flailing about under the critical lens of the older lot, millennials need a break. The custodians of the future are not as callous or oblivious as they're often labelled in popular discourse at workplace or academic settings. As per a latest global survey, the millennial folk have a largely progressive and compassionate view about their increasingly uncertain, volatile world.
It has been a mixed year for Lalpir Power Limited and Pakgen Power Limited, both of which are run by the Mansha group. Whereas Pakgen witnessed an increase in bottom line, the same did not hold true for Lalpir.