Tag: Profits
Manchester United post record profits
English champions Manchester United posted record operating profits of £110.9million ($179.7million) for the past financial year, figures released Thursday showed.
The Old Trafford club have...
Corporate profits surge
Based on a sample of 41 companies representing 76 percent of KSE-100 market capitalisation, corporate earnings during the first quarter of 2011 were recorded...
SBP profits drying up fast
KARACHI - While commercial banks are pocketing handsome amounts through investing in risk-free and heavily weighted government guarantees, revenues of the State Bank of Pakistan (SBP) are drying up fast. The SBP's Second Quarterly Report, which was issued on Friday, reveals that the central bank's collections witnessed negative growth of Rs 55 billion during the current financial year. Last year, the bank's collections grew by Rs 63.1 billion.
According to the report, the SBP's
According to the report, the SBP's
Corporate profits set to fall after fresh taxes
KARACHI - Preliminary analysis indicates that the new tax imposed by the government will erode profits by an average of two percent in FY11 on individual companies at the Karachi Stock Exchange, while the fiscal deficit is expected to cap in the vicinity of six percent, a figure which is deemed sufficient to mitigate the need of greater deficit financing.
However, the introduction of GST on fertiliser, pesticides, in tandem with the flood tax is likely to have a negative bearing
However, the introduction of GST on fertiliser, pesticides, in tandem with the flood tax is likely to have a negative bearing
PSO reports record profits
KARACHI - Pakistan State Oil (PSO) has posted an after tax earnings of Rs 7.13 billion in 1HFY11 in comparison with Rs 5.08 billion in 1HFY10 which is the highest in last 34 years. The Board of Management convened on Wednesday at PSO House to review the company's performance over the first half of financial year 2010-11 (1HFY11).
Despite severe financial challenges posed by the ever burgeoning circular debt, PSO achieved record breaking results, and posted its highest half year
Despite severe financial challenges posed by the ever burgeoning circular debt, PSO achieved record breaking results, and posted its highest half year
POL profits likely to surge by 56 percent
KARACHI - Pakistan Oilfields Limited (POL) is likely to earn a profit after tax (PAT) of Rs 5,165 million with earnings per share of Rs 21.84, a phenomenal 56 percent annual rise. This massive rise is largely driven by an annual rise in oil and gas production of 12 percent and 82 percent respectively.
Net revenue of the company is estimated to rise by an annual 38 percent to Rs 11,294 million compared to Rs 8,173 million recorded in the same period last year. The phenomenal jump
Net revenue of the company is estimated to rise by an annual 38 percent to Rs 11,294 million compared to Rs 8,173 million recorded in the same period last year. The phenomenal jump
Textile profits shoot up 295pc
KARACHI: The net profit of the textile sector zoomed grew by an astounding 295 percent in the first quarter of FY11 compared to the same period last fiscal year.
The textile sector garnered Rs 7.206 billion in net profits during the first quarter of FY11 in comparison to figures of Rs 1.823 billion last year. Revenues of the textile sector posted growth of 39 percent amassing Rs 84.643 billion relative to last year's figures of Rs 61.07 billion in the same period last year.
The textile sector garnered Rs 7.206 billion in net profits during the first quarter of FY11 in comparison to figures of Rs 1.823 billion last year. Revenues of the textile sector posted growth of 39 percent amassing Rs 84.643 billion relative to last year's figures of Rs 61.07 billion in the same period last year.
Investors pocket profits as KSE falls 64 points
KARACHI: Unable to capitalise on momentum built yesterday, the KSE-100 Index lost 64 points in Wednesday's trading session at the Karachi Stock Exchange (KSE) as many investors opted to pocket their profits on the bourse.
Though anticipated, a correction this soon after positive results, hints at the shaky foundations of investor confidence. Rumours of a spat between the SECP and members of the KSE also have equity investors worried. Despite the downturn in the index, the overall
Though anticipated, a correction this soon after positive results, hints at the shaky foundations of investor confidence. Rumours of a spat between the SECP and members of the KSE also have equity investors worried. Despite the downturn in the index, the overall
Cement profits likely to improve
KARACHI: The elevated price of cement during the first quarter of the financial year 2011 is likely to surge profits for the industry by 33 percent annually.
The hike in local cement prices and the improved demand outlook on the back of expected reconstruction activities has made an increase in the sector's profitability more plausible.
The cement sector's profitability underwent sustained pressure during the first quarter of the financial year 2011, led by a dwindling
The hike in local cement prices and the improved demand outlook on the back of expected reconstruction activities has made an increase in the sector's profitability more plausible.
The cement sector's profitability underwent sustained pressure during the first quarter of the financial year 2011, led by a dwindling
Rice profits stable despite flood losses
LAHORE: Pakistan's rice export is likely to fall by approximately 0.6 million tons this year due to the loss of crops in the wake of the heavy floods the country has endured. But exporters are hopeful that higher rice prices on the global markets will compensate for the reduction in the output.
Pakistan, the world's fifth-largest rice exporter, will likely export some 4.0 to 4.2 million tons of rice in 2010-11 as compared to 4.6 million tons rice shipped in 2009-10.
Pakistan, the world's fifth-largest rice exporter, will likely export some 4.0 to 4.2 million tons of rice in 2010-11 as compared to 4.6 million tons rice shipped in 2009-10.
Textile sector bloom generating exceptional profits
KARACHI: The country's textile sector maintained a fantastic performance during the financial year 2010 posting remarkable annual growth in earnings of 690 percent.
The sector's top-line also grew by a respectable 27 percent to Rs 277 billion in 2010. Pakistani textile exports blossomed not only on the back of good prices fetched in both domestic and oversea markets, but also a rise of production volume and the rupee's depreciation against the dollar (average six percent in
The sector's top-line also grew by a respectable 27 percent to Rs 277 billion in 2010. Pakistani textile exports blossomed not only on the back of good prices fetched in both domestic and oversea markets, but also a rise of production volume and the rupee's depreciation against the dollar (average six percent in
Man Utd post huge losses despite record profits
Manchester United made a full-year loss of 84 million pounds ($133 million) due to managing the cost of debt, they said on Friday, giving more ammunition to the many critics of the Premier League club's American owners.
The club posted a record operating profit of 101 million pounds due to increased broadcasting and commercial income but made a loss when interest charges and the cost of restructuring debt were added on. It's the first time that a British club has crossed the 100
The club posted a record operating profit of 101 million pounds due to increased broadcasting and commercial income but made a loss when interest charges and the cost of restructuring debt were added on. It's the first time that a British club has crossed the 100
