alimohsan52
Chief Minister (5k+ posts)
Source of the News: http://www.thenews.com.pk/Todays-News-3-161509-Major-Companies-Declare-Results
KARACHI: [HI]Nishat Mills Limited on Friday announced to post the profit-after-tax of Rs2.86 billion[/HI] (earnings per share of Rs8.13) in its first-half financial year 2013 results as compared to Rs1.90 billion (earnings per share of Rs5.41) in the corresponding period last year, depicting an increase of 50 percent on year-on-year basis.
In the second quarter of the financial year 2013, the profit-after-tax of the company was recorded at Rs1.79 billion (earnings per share of Rs5.10), up by 2.1 times on year-on-year basis as against Rs871 million (earnings per share of Rs2.48) last year.
“The earnings of the company were above ours and consensus estimates on account of considerable surge in other income to Rs924 million,” a report of BMA Research revealed.
Net revenue was recorded at Rs26.3 billion in the first-half of the financial year 2013 as compared to Rs21.6 billion in the same period last year, depicting an increase of 22 percent on year-on-year basis.
[HI]
Indus Motors posts profits of Rs978m
[/HI]
Indus Motors announced on Friday that the company earned profits of Rs978 million (earnings per share of Rs12.44) against Rs1.8 billion (earnings per share of Rs22.48) in the first-half of the financial year 2013, down by 45 percent on year-on-year basis.
For the second quarter of the financial year 2013, the earnings per share stood at Rs3.65, down by 58 percent on quarter-on-quarter basis.
The earnings announcement was below the market expectations on account of lower margins and other income, a report of JS Global revealed.
In the first-half of 2013, net sales declined by 26 percent on year-on-year basis on the back of 39 percent lower unit sales on year-on-year basis amid influx of imports. At the same time, gross margins declined to 7.2 percent from 7.5 percent due to higher cost pressures, while other income declined by 48 percent on year-on-year basis.
Unilever Foods declares payout
[HI]Unilever Pakistan Foods Ltd has posted a profit-after-tax of Rs715.172 million[/HI] during the year ended December 31, 2012 and declared a final cash dividend of Rs66 per share.
The financial results of the company sent to the Karachi Stock Exchange (KSE) on Friday, the pre-tax-profit of the company surged to Rs1.058 million during the period under review as compared to Rs910.132 million in the same period last fiscal year.
The earnings per share also jumped to Rs116.14 as compared to Rs100.15 in December 2011.
KARACHI: [HI]Nishat Mills Limited on Friday announced to post the profit-after-tax of Rs2.86 billion[/HI] (earnings per share of Rs8.13) in its first-half financial year 2013 results as compared to Rs1.90 billion (earnings per share of Rs5.41) in the corresponding period last year, depicting an increase of 50 percent on year-on-year basis.
In the second quarter of the financial year 2013, the profit-after-tax of the company was recorded at Rs1.79 billion (earnings per share of Rs5.10), up by 2.1 times on year-on-year basis as against Rs871 million (earnings per share of Rs2.48) last year.
“The earnings of the company were above ours and consensus estimates on account of considerable surge in other income to Rs924 million,” a report of BMA Research revealed.
Net revenue was recorded at Rs26.3 billion in the first-half of the financial year 2013 as compared to Rs21.6 billion in the same period last year, depicting an increase of 22 percent on year-on-year basis.
[HI]
Indus Motors posts profits of Rs978m
[/HI]
Indus Motors announced on Friday that the company earned profits of Rs978 million (earnings per share of Rs12.44) against Rs1.8 billion (earnings per share of Rs22.48) in the first-half of the financial year 2013, down by 45 percent on year-on-year basis.
For the second quarter of the financial year 2013, the earnings per share stood at Rs3.65, down by 58 percent on quarter-on-quarter basis.
The earnings announcement was below the market expectations on account of lower margins and other income, a report of JS Global revealed.
In the first-half of 2013, net sales declined by 26 percent on year-on-year basis on the back of 39 percent lower unit sales on year-on-year basis amid influx of imports. At the same time, gross margins declined to 7.2 percent from 7.5 percent due to higher cost pressures, while other income declined by 48 percent on year-on-year basis.
Unilever Foods declares payout
[HI]Unilever Pakistan Foods Ltd has posted a profit-after-tax of Rs715.172 million[/HI] during the year ended December 31, 2012 and declared a final cash dividend of Rs66 per share.
The financial results of the company sent to the Karachi Stock Exchange (KSE) on Friday, the pre-tax-profit of the company surged to Rs1.058 million during the period under review as compared to Rs910.132 million in the same period last fiscal year.
The earnings per share also jumped to Rs116.14 as compared to Rs100.15 in December 2011.
