After a few tough years, Packages Ltd (KSE: PKGS) is back to profitability, putting in another round of better performance at the end of 1H CY14.
But, it didn’t start auspiciously. The company’s top line declined to Rs7.9 billion at the six-month mark. Both domestic sales and export sales during 1H CY14 were, to some extent, stunted, actually slithering on quarter-on-quarter basis.
For Kohinoor Energy, FY14 has been another good year as the power company continued to benefit from higher fuel savings throughout the year.
Kohinoor’s fuel savings stemmed from better plant utilisation and ensuing efficiencies. While full-year plant utilisation levels aren’t available as yet, the firm’s power plant had operated at 80.28 percent capacity during 9M FY14 compared to 64.53 percent capacity during 9M FY13.
The toughness in IMF's attitude during the current facility is in sharp contrast to the funds approach in the previous standby facility to Pakistan. The stringent approach stems from twelve equal tranches this time around as compared to lumpy payments in the last arrangement.
An ADR in excess of 80 percent is unheard of in recent memory. But NIB Bank Limited still does a commendable job of lending more than investing; though aggressive lending comes attached with risks and NIBs thin spreads tell a tale. It will be premature to comment on the balance sheet status, but a single-digit top line growth perhaps shows that NIB may not have heavily invested in PIBs, as opposed to the recent industry practice.
Positive news from the cement sector continues as financial results are now rolling out. Riding on robust demand and increased capacity utilisation, players in the sector have also pursued expansion plans lately.