Karachi, February 07, 2020: Cement sector continued to post growth in the month of January as its total despatches increased to 4.074 million tons, an increase of 11.26 percent from 3.662 million tons during the same month last year. As per the data released by All Pakistan Cement Manufacturers’ Association (APCMA) domestic consumption increased by…
Karachi, December 2, 2019: The benchmark KSE-100 index posted a six year high return of 14.9 percent MoM in Nov’19, subsequent to May’13 (15.0 percent), portraying a jump of 5,084 points (USD based return of 15.2 percent MoM). With this, CY19TD and FY20TD return clocked-in at 5.9 percent (USD -5.2 percent) and 15.9 percent (USD…
Karachi, July 29, 2019: During 4QFY19, profitability clocked-in at Ra 2.196 billion (EPS: PKR 6.79), down by 8 percent YoY / 21 percent QoQ. In addition, the company announced a dividend of Rs 6.5 per share (Rs 13.00/share in FY18). According to Arif Habib Research Company’s topline witnessed a dip of 12 percent YoY to…
Karachi, July 25, 2019: Urea offtake during 1H2019 depicted the growth of 5 percent YoY to 2.87 million tons on the back of pre-buying by dealers/farmers amid an expected hike in urea prices as the govt. was set to increase gas prices w.e.f. July 2019. Furthermore, timely rain fall across the country also pushed up…
Karachi, April 29, 2019: Amreli Steels Limited (ASTL) announced its 3QFY19 financial results on April 29, 2019, wherein the re-bar roller posted a Loss After Tax (LAT) of PKR 293 million (Loss Per Share: PKR 0.99) as compared to a Profit After Tax (PAT) of PKR 473 million (Earning Per Share: of 1.59), SPLY. Sales…