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Company News: Pakistan


Lucky Cement Limited leads the cement industry by declaring a 4.8 percent rise in its net profit for the first quarter of the year 2014-15. It recorded a profit of Rs 2.669billion which is 4.8 percent higher than the corresponding period last year. The earnings per share (EPS) for the corresponding period increased to Rs 8.25 against an EPS of Rs 7.87 of corresponding period last year.

LG Electronics (LG) announced unaudited third quarter consolidated revenues of KRW 14.92 trillion (USD 14.54 billion), an increase of 7.4 percent year-over-year, and operating profit of KRW 461.3 billion (USD 449.61 million), more than double the figure from the same period a year ago.
The Bank of Khyber (BoK) has earned Rs 1.23 billion profit before tax during the period of nine months ended September 30, 2014, showing seven percent growth over profit before tax of corresponding period which was Rs 1.15 billion.
Bank Alfalah's profit before tax has increased by 28 percent to Rs 6.129 billion in the nine months period ended September 30, from earnings recorded in same period last year. Profit after tax was recorded at Rs 4.015 billion in September 2014 as compared to Rs 3.318 billion earned up to September 2013.
BR Research recently sat down in Islamabad with Jawad Aslam, a housing entrepreneur, to find out about scalable and low-cost housing solutions for Pakistan. Jawad was born and raised in United States, where he had the opportunity to work at the height of the real estate economy in the early- to mid-2000s. He was involved in high-end real estate on the outskirts of Washington DC as the number two in a mid-size real estate firm. All sorts of experiences came his way as he worked through different areas from basics like trenching and structures to complex issues like design process and regulatory affairs.
The Board of Directors of National Bank of Pakistan (NBP) in its meeting held on Wednesday at the Bank''s Head Office Karachi approved the financial results of the bank for the nine months period ended on September 30, 2014. Pre-tax profit of the bank stood at Rs 18.0 billion for the nine months period ended on September 30, 2014 as compared to Rs 7.4 billion for the corresponding last year, registering colossal increase of 143 percent.
Nishat Chunian Limited (NCL) is one of the chief companies of Nishat Chunian Group that was founded in 1990. Nishat Chunian USA Inc and Nishat Chunian Power Limited are its subsidiary firms. NCL is involved in spinning, weaving, processing, stitching; made-ups made from raw cotton and processed cloth. NCL is one of the up-to-date and leading vertically integrated textile companies in Pakistan.


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln