Nishat Power Limited's (PSX: NPL) financial performance in 1HFY16 was held back by no fuel savings. However, the earnings announced for 9MFY16 over last week beat the market expectations of a continued decline.
AGTL has started off this calendar year on a decline in both its top line and bottom line. Al-Ghazi has seen its revenue erode by 18 percent year-on-year to Rs2.8 billion due to a 19 percent year-on-year volumetric decline in its sales.
The capacity expansion at International Steel Limited (PSX: ISL) in the first quarter of FY16 has started to pay well. In its nine-month results, ended 31 March 2016, ISL has displayed a strong and steady top line growth. The company has shown healthy third quarter revenue which has given a high cumulative top line.
Against the market expectation, Kot Addu Power Company Limited?s (PSX: KAPCO) financial performance in the three quarters of FY16 took a plunge. The IPP posted a decline of 18 and 13 percent year-on-year in its 3QFY16 and 9MFY16 earnings, respectively.
Local pharma giant Highnoon Laboratories started FY16 off on a pretty strong note; sales were up by 20 percent year-on-year while gross profits improved by 23 percent. Both gross and net margins expanded by nearly 100 basis points.
Tri-Pack Films has started 2016 on a mixed note. The company saw its revenue continue to stay under pressure during the period. The top line dropped on the back of volatility in prices and volumes. However, the firm was able to clock in Rs102 million in earnings for the period ended March 2016.
Packages Limited (PKGS) over the years has successfully been able to form long-term alliances and associations with several FMCG companies in the country. These relationships and partnerships have paid them well over the years. After concluding a tremendously well 2015, PKGS started 2016 with the similar momentum.