08282016Sun
Last update: Sun, 28 Aug 2016 07am

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The National Electric and Power Regulatory Authority (NEPRA) recently took suo motu proceedings for solar and wind tariffs in the country. The proposed levelised tariff for wind power plants is Rs8.606/kWh (USc 8.197/kWh) and the allowed CAPEX cost is $1.82 million per /megawatt.
The half yearly accounts released yesterday for Pakistan Suzuki (PSX: PSMC), autos market leader do not paint a rosy picture for the company, posting lower than expected bottom line; a 41 percent nosedive in 1HCY16 from the same period last year, while recording a 67 percent decline in 2QCY16 year-on-year. Profits also fell by 49 percent from Q1CY16 to Q2CY16.
Colgate Palmolive Ltd (PSX: COLG), one of the leading multinational consumer goods company in Pakistan, has ended the financial year FY16 on a pleasant note. Despite the fact that during the year it faced with the challenging market environment due to higher competition, the Company reported a 27 percent year-on-year growth in after-tax profits.
When the PMLN assumed charge in 2013, there was dearth of power production in the country, and the incumbents were desperate to bring any kind of projects online within their five-year tenure. It started with a too optimistic and irrational plan of 1320 MW of imported coal projects in Gaddani, which was rightly shelved after a year.
What is another epic failure of PML-Ns experienced team; the government has decided to change the mode of privatisation of public power distribution companies.
Pakistan Tobacco Company (PSX:PAKT) has once again done its job quite well. The largest cigarette company in Pakistan saw a significant boost to both its top line and bottom line during the six-month period ended June 30, 2016.
The fertilizer sector is being tested to its limit. Expectedly, profits have come down crashing. The market leader, Fauji Fertilizer Company (FFC) announced its 1HCY16 earnings yesterday, reporting a massive 41 percent year-on- year dip in after-tax profits. It all started from the top, as urea off-take for most of the 1HCY! 6 remained massively under pressure.