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While cement sector companies have posted mixed first quarter results, what do they all have in common? Answer: the result announcements have all defied expectations of market analysts. And Lucky Cements 1Q FY14 financials are a testament to the fact.
The first quarter saw all the stars aligning together to make for an overall improved dynamic within the textile sector. And making good use of the fact is the countrys largest composite textile set-up, putting in another well rounded performance at the close of 1Q FY14.
That KESC is a success story is now widely known; the Senate Standing Committee on Power may be counted as an exception though. Increasing the pre-tax profits by nearly six times, that too from a flat top line growth is indicative of the operational and financial efficiencies that KESC had invested earlier, and are now reaping fruits.
Pakistans oldest cable manufacturer posted improved financial results for the first quarter ending September. Pakistan Cables Limited (KSE: PCAL) posted Rs37 million in net profits in 1Q FY14, thanks to slight increase in its top line and significant reduction in its selling cost and finance expenses.
The growth in BoPs earning assets that were muted in 2Q CY13 appeared to be reviving in 3Q CY13 whereby investments and advances collectively boasted a growth of eight percent over the previous quarter as against a drop of four percent in 2Q CY13, when compared to the preceding period.
With the demand of packaged goods constantly on the rise, Tri-Pack Films Limited (KSE: TRIPF) has much to look forward to. But, nothing of value comes easy. Therefore, Pakistans leading packaging films producer is undergoing expansion in order to fulfil the production needs of its FMCG clientele.
Other corporate results

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln