Indus Motor Company made almost as much money in the first six months of FY15 than it made in all of FY14. The good times are rolling for the entire auto sector, but the party is definitely at Indus Motor Company (INDU).
If you can afford to visit those pricey private hospitals, be grateful! That's because the poor segment is often left at the mercy of their fate in government hospitals particularly in far-flung areas. No thanks to the obsolete machinery, inadequate infrastructure and unavailability of medicines. But these are just one of the many setbacks of our health sector. To add to the woes, absenteeism of doctors in these hospitals remains at the core.
At the tailpiece of one of our columns last year, we argued that the government should have the good sense of releasing provincial inflation with their full details, so at least the provincial governments and the citizens at large know what exactly is hitting them (See: Are donors driving inflation in Pakistan?, April 8, 2014). Turns out, we aren't the only ones thinking that way.
The 10-year old HUM Network has grown by leaps and bound. Its stock price has been rallying as if there is no tomorrow. No wonder then its the most wished-for stock on local bourse. Its robust financial performance has also continued to cement investors likeliness. Recall that last two years have been very impressive for the company with its profitability boasting a growth of 98 percent and 53 percent in FY13 and FY14, respectively.
The key feature of independent power producers performance in 1HFY15 is the decline in fuel savings due to falling crude oil prices. Fuel savings are a function of improved thermal efficiency, higher utilization and higher furnace oil prices. So when there is a sharp decline in one (such as the sharp decline in international crude oil prices of late), these savings take a plunge.
Pakistans top packaged foods manufacturer ended CY14 on a high note. Nestle Pakistan (KSE: NESTLE) enjoyed stellar bottom line expansion in the year gone by. Nearly Rs8 billion in corporate profits is surely a treat for the corporate as well as its shareholders.