Cheap deals for four wheelers are the order of the day and Pakistan Suzuki is cashing in on filling this demand. The companys sales turnover climbed 25 percent against 1QCY10. This tally also represents a 13 percent hike over the previous quarter.
It takes persistent efforts to stay at the top, and MCB knows just how to do that. Bucking the industry-wide trend that usually sees a drop in deposits in the first quarter every year, MCB Bank increased its deposit base by 7 percent in the quarter ending March 2011.
In a sharp contrast to its peers, NBPs first quarter results didn please investors a bit, as the banks profit level remained unchanged at last years level - keeping up with its no-growth performance seen in the year ending December 2010.
When Lotte Pakistan PTA revealed its results for 1QCY11, the phenomenal surge of about 6 percentage points in its net margins was not much of a surprise, except that the bottomline was quite large compared to analysts expectations of Rs2 billion in the period under review.
As FMCGs laugh all the way to the bank, it appears they are taking their suppliers along. Tri-Pack Films Limited is among the beneficiaries of the consumer goods boom as is evident from the stellar growth witnessed in the companys top line.
Fauji Fertilizer Bin Qasim (FFBL) put a strong show for the quarter ending March 2011, posting a massive growth in profits. The companys net earnings nearly doubled during the quarter on year-on-year basis, with income for the quarter surpassing Rs1.5 billion, beating consensus estimates by a good 10 percent.