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Millat Tractors Limited had ended the previous fiscal on a high as purchases by the Sindh government had provided a welcome boost to sales in 4Q FY13. But by the time the new fiscal commenced, that surge was history. As expected, higher taxes on tractors have also taken a bite out of demand.
Adamjee Insurance almost doubled its net profits in nine months of this year, compared to the previous year taking the tally to Rs1,743 million (EPS: Rs14.07). The jump is attributed to one time capital gains of Rs400 million (EPS impact: Rs3.2) on sale of shares of Unilever Pakistan.
KASB Bank boasts decent gross spreads and an even better CASA among peers (small banks). Yet it is struggling on the profitability front. KASBs shrinking deposit size is a matter of concern limiting its ability to have more earning assets at its disposal. As per the latest available numbers, the investments and advances are both evenly distributed between the earning assets.
These are tough times for WorldCall Telecom Limited. Financial results for the latest quarter ending September highlight a staggering net loss which was close to net revenues earned during the period. There are strong signs that WTL is well on its way to close another financial year in red, marking a fourth loss-making year in about five calendar years.
The start of the new financial year hasn exactly been auspicious for the Lahore-based, renowned commercial real estate developer. After a run of three successive loss-making years till June 2013, Pace (Pakistan) Limited has recorded a net loss for the first quarter ending September, as well.
Operating under the wider umbrella of the House of Habib, Thal Limited incorporates businesses as varied as engineering, packaging and electronics and had been known as a steady performer up until the countrys automobile sector hit a rough patch. And 1Q FY14 is just one more in a string of quarters that have not gone too well for the firm in recent times.
Other corporate results


Index Closing Chg%
Arrow DJIA 17,131.86 0.28
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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 08, 2015
Reserves $20.05 bln