The shortage of natural gas could not be felt more by any other industry than the ones located in Punjab. The suffering faced by upstream textile industry is the most pronounced in the form of loss in export earnings. That is why the APTMAs hue and cry is visible in many newspaper articles and commentaries.
FY15 began on a positive note for Pakistan Petroleum Limited where the chief reason for the E&P giants performance was production.
The E&P sector has witnessed a significant shift in the production portfolio with oil volumes taking the centre stage of late.
Share of oil in PPLs production mix has risen, and along with better realised net selling prices, oil flows have helped PPL propel its revenues.
DG Khan Cement Company (KSE: DGKC), one of Pakistans prominent cement-makers, closed the first quarter ending September 2014 on a sound footing. Interestingly, the firms healthy bottom line expansion happened despite a slight top line slump. Looking at its financials, DGKCs standalone profitability is partly determined by what happens outside the cement industry.
Flat top line? So what! Bottom line is what matters in the end. IGI Insurance (KSE: IGIIL) is having a great time. Although its core insurance operations seem to be in a tight spot, its lucrative investment portfolio is on board to tip the scales. The latter seems to have cashed in healthy dividend income and capital gains, with the firm boasting a whopping bottom line growth of 81 percent year-on-year during 9MCY14.
Allied Bank Limited (ABL), one of the top five in the country, has had an amazing run of late, and the 9MCY14 financial results consolidated its position further. From top to bottom, it is hard to find even a single glitch in the profit and loss statement, showing how well ABL has response to a tough set of conditions.
National Foods (KSE: NATF), one of the forerunners of packaged food additives in Pakistan announced pleasant results for 1QFY14. Last few months have mostly been considered as a sluggish time for the FMCG segment, in spite of the eventful time of the year for the food manufacturers i.e. Ramazan, taking place in the start of the quarter.
The recently announced Large Scale Manufacturing (LSM) growth numbers seems to have rebuffed the theory that the sit-ins and the political rallies have been hitting hard on economic growth. They may indeed be hitting investment prospects and other macroeconomics indicators but data released by Pakistan Bureau of Statistics (PBS) show that even at the peak of the sit-ins and blockages the factories were busy producing goods in substantial quantities.