The leading container terminal at the Karachi port posted exceptional financial results for the six-month period ending June 30, 2013. The Pakistan International Container Terminal Limited, or PICT, managed to increase its bottom line by more than 61 percent, thanks to a healthy mix of top line growth and cost savings.
In the first half of 2013, the top line of KASB Bank fell by 10 percent year on year. While the low interest rate environment is surely one culprit behind it, KASB is no exception to rest of the lot to have tilt towards government treasury bills.
A sizeable increase in profits over last year and a healthy final dividend of Rs4.5/share kept the share price of Pakistans second largest IPP, Kot Addu Power Company Limited (Kapco) from falling yesterday, in what was a pretty bad day for most stocks at the bourses.
Just looking at the FY13 profit-and-loss statement of Kohinoor Energy wouldn give you any clue why the share price yesterday ended up at the upper circuit: That too, in a falling market. Every account in the P&L statement was nearly flat. What triggered the share price was the final dividend announcement of Rs3/share-taking the full year dividend to over Rs7/share.