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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.
Even a decent increase in balance sheet size could not arrest the top line decline for Silk Bank during 9MCY15. Top line growths for most banks this season have been fairly modest and Silk?s decline hardly comes as a surprise. Although the bank increased its exposure in investments ? mainly PIBs and treasury bills, lower yields on offer meant a mark-up income in check.
Pakistan Suzuki Motor Company has enjoyed stellar sales of most of its variants, so far this year. On the one hand, private sector demand for the Swift, Wagon R, Cultus and other variants has remained robust. On the other hand, the sales of Bolan, Ravi and Mehran have also been bolstered by the government?s employment schemes that provide support for prospective buyers who intend to use the vehicles for commercial purposes. In all, the company has enjoyed about twice as many unit sales in the first nine months of CY15 as the same period of the previous year.
Now that the latest model of the Toyota Corolla has been available for over a year in the domestic market, demand for the vehicle finally appears to be normalizing. Company sources reveal that the waiting time for the company?s flagship variant has shrunk from its peak of four months, to about a month?s wait. Sales of the Hilux were also relatively slower in the outgoing quarter which may be attributable to holidays in the period.
If you are wondering why Lucky Cement has been consistently outperforming the benchmark KSE even as the market has been wavering since the last six months, then the firm?s latest financial results should put an end to that. Despite flat sales, the firm has posted 11 percent growth in 1QFY16 net profits thanks to lower cost of production and a favourable sales mix.
Ghani Glass Limited has just seen an exceptional FY15 both regarding its top line and bottom line. During the period under discussion, the growing demand for glass products, tough cost control measures, and recent capacity expansion have provided all the right ingredients for decent growth. With all these ingredients, the company has able to grow its top line by 10 percent in year-on-year comparison. Even with the higher sales the company was able to control its core cost and this has helped Ghani to increase its gross profit margin by 500 bps.
After showing a major loss in FY15, International Steels Limited (ISL) has given another disappointing performance. According to its notice to the KSE, the steel company has shown quite a significant drop in both its top line and bottom line.


Index Closing Chg%
Arrow DJIA 17,719.92 0.44
Arrow Nasdaq 5,108.67 0.37
Arrow S&P 2,080.41 0.46
Arrow FTSE 6,356.09 0.30
Arrow DAX 11,382.23 0.78
Arrow CAC-40 4,957.60 0.56
Arrow Nikkei 19,747.47 0.69
Arrow H.Seng 21,996.42 0.33
Arrow Sensex 26,145.67 0.07

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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 30, 2015
Reserves $19.828 bln