With growing middle class and low inflation, it seems that hotel industry in Pakistan is picking up. At least that can be assumed after looking at the first quarter result of Pakistan Services Limited (PSL) posted on the website of KSE. PSL after performing decently in FY15 has started FY16 with a phenomenal growth.
“If you wanna know what China’s gonna do, best pay attention to the shi san wu (13-5), the shi san wu, and the shi san wu!” The jingle is from a catchy video released last week by Xinhua, the Chinese state-run news agency, to highlight to the outer world significance of China’s Thirteenth Five-year Plan. Global interest in the Communist Party of China’s (CCP) days-long deliberations suggests plenty were paying attention.
According to a recently released scientific study, if climate change is left unchecked, parts of Persian Gulf would be severely hit by heat waves, enough to threaten human survival in the region over the next 70 to 100 years.
Feroze1888 Mills has performed superbly once again; the leading manufacturer and exporter of terrycloth products saw its top line improve by 11 percent year-on-year, while costs were higher by just 3 percent. The company?s gross profit skyrocketed by 53 percent as a result, and bottom line growth was a massive 71 percent over last year.
Over the years, Service Industry Limited reminds one of those companies where one year of high growth is followed by another year of falling profitability. However, it seems that this trend is about to break. After closing 2014 on positive note, it appears that the shoe company will also have another great year.
The nation is still reeling from the earthquake earlier this week, and the death toll is rising. The time is now to identify what can be done to mitigate future disasters. One such area that demands immediate attention is the city of lights.
After a couple of tough months of efficiency slippages in summer this year, K Electric Limited (KSE: KEL) has got it all together once again with its financial performance beaming. KEL?s financial performance for FY15 shows that the firm continued with its journey towards earning improvement. FY15 saw and increase of over 100 percent in the firm?s bottom line year-on-year, and the primary reasons for the earnings improvement had been falling crude oil prices, and resultants costs.