PakStox Outlook

NetSol Technologies Limited Financial Results for Q2 Dec 2024 For Q2 Dec 2024, NETSOL reported a loss of Rs. 0.3 per share with no cash dividend. Over the past four quarters, cumulative net income stands at Rs. 8.3 per share, with total cash distributions of Rs. 3 per share. Quarterly Performance Highlights: Revenue increased by 1% compared to the previous four-quarter average. Gross profit declined by 3% versus the four-quarter average. Net income fell by 20% compared to the four-quarter average. PAT dropped by 114% quarter-on-quarter. Gross profit margin for the quarter was 42%, down from the four-quarter average of 43.2%. Market Performance: NETSOL underperformed the KSE100 by 8% over the past 3 months and by 37% over the past year. Current market price: Rs. 143.3 P/E Ratio: 17 Dividend Yield: 2.1%

Frieslandcampina Engro Pakistan Limited Financial Results for Q4 Dec2024. For the latest quarter ending Dec2024, FCEPL posted a profit of Rs. 0.2 per share and paid a cash dividend of Rs. 2.8 per share. This brings the net income of FCEPL to a total of Rs. 2.9 per share for the last four quarters. While in last 4 quarters total cash distribution was Rs. 2.8 per share. The Revenue in the latest quarter declined by 24% over the average of the previous four quarters. The gross profit in the latest quarter declined by 13% over the average of the previous four quarters. The PAT in the latest quarter declined by 76% over the previous quarter. Gross profit margin for the quarter was 14.5%, compared to an average of 13.8% over the previous four quarters. Tax rate for the quarter was 47.7%, compared to an average of 37.5% over the previous four quarters. FCEPL has lagged behind the KSE100 by 35% over the past 3 months. And over the past 1 year FCEPL has lagged behind the KSE100 by 67%. https://...

For the quarter ending December 2024, Engro Fertilizers Limited (EFERT) reported a profit of Rs. 5.1 per share and declared a cash dividend of Rs. 8 per share. Over the past four quarters, the Company’s net income totaled Rs. 22.6 per share, with cumulative cash distributions amounting to Rs. 21.5 per share. However, the Profit After Tax (PAT) for the latest quarter declined by 21% compared to the previous quarter. In terms of market performance, EFERT has underperformed the KSE-100 index by 12% over the last three months and by 6% over the past year. Extract from Company report "  Engro Fertilizer's urea production decreased by 8% to 2,139 KT in the current year, compared to 2,313 KT in 2023. This decline also impacted urea sales, which fell by 13% to 2,026 KT, down from 2,327 KT in 2023. Despite the reduction in sales volume, the Company achieved a 14.7% increase in sales revenue compared to the previous year, driven by higher urea prices. However, the discontinuation of con...

For the latest quarter ending December 2024, PSO posted a profit of Rs. 15.4 per share but paid no cash dividend. This brings PSO's net income to a total of Rs. 41.1 per share for the last four quarters, while the total cash distribution during the same period was Rs. 10 per share. Revenues remain stagnant. Revenue in Q2-Dec2024 declined by 3% compared to the average of the previous four quarters. Gross profit in Q2 was slightly lower than in Q1. PSO reported higher Profit Before Tax (PBT), driven by a substantial reduction in financial charges. The gross profit margin for the quarter stood at 3%, compared to 3.3% in the first quarter. The tax rate was 42.7%, down from 51.5% in the first quarter. https://dps.psx.com.pk/download/document/247289.pdf

Shaheryar Arshad Chisty, who is also named in the disputed ownership struggle of Karachi Electric (PSX: KEL), has made a public offer to acquire a controlling stake in Lotte Chemical (PSX: LOTCHEM) through his offshore-registered investment vehicle. https://dps.psx.com.pk/download/document/247328.pdf

For the year ending December 2024, EPCL reported a loss before tax of Rs. 2.3 billion, as gross profit declined by more than 70%. This was due to a 7% decline in revenue and a drastic reduction in gross margin, which fell from over 25% last year to around 7% this year. EPCL reported a profit after tax of Rs. 610 million for 2024, primarily due to a tax reversal. The decline in profitability was attributed to lower PVC prices and increased energy costs. Additionally, financial charges, which increased by 80% for the year, also impacted the bottom line. On a quarterly basis, the fourth quarter was the worst, with EPCL reporting a loss before tax of Rs. 6.7 billion and a gross loss of Rs. 3.3 billion. https://dps.psx.com.pk/download/document/247146.pdf

For the year ending December 2024, PTC reported a net income of Rs. 4.8 billion, a decline of 50% compared to the previous year. Out of this, Rs. 3.8 billion was reported in the fourth quarter, primarily driven by substantial other income of Rs. 17.2 billion. In comparison, the other income for the same period last year was Rs. 19.4 billion. For the latest quarter ending December 2024, PTC posted a profit of Rs. 1 per share and paid no cash dividend. In the last four quarters, PTC earned a total net income of Rs. 1.3 per share. No cash distributions were made in the last four quarters. In the last five quarters, one quarter incurred a loss. The current market price is 18% lower than its 6-week high. The average daily traded share volume over the past week is 44% lower than the average daily traded share volume over the last six weeks. PTC outperformed the KSE100 by 19% over the past three months. Over the past year, PTC outperformed the KSE100 by 29%. PTC is trading at a market price o...

For the latest quarter ending December 2024, MCB posted a profit of Rs. 7.7 per share and paid a cash dividend of Rs. 9 per share. The PAT of MCB for the year 2024 decreased by 3% compared to the previous year, mainly due to higher operating expenses. The tax rate was slightly lower than last year's rate of 52%. In the last four quarters, MCB earned a total net income of Rs. 48.6 per share, while the total cash distribution during the same period was Rs. 36 per share. PAT for the trailing twelve months decreased by 10% compared to the prior quarter. The current market price is 4% higher than its 6-week low. The average daily traded shares volume over the week is 46% higher than the average daily traded shares volume over the last six weeks. MCB has lagged behind the KSE100 by 4% over the past 3 months. Over the past 1 year, MCB has lagged behind the KSE100 by 22%. MCB is trading at a market price of Rs. 278.8 – its Price-to-Earnings (P/E) Ratio is 6, and its dividend yield is 12.9%...

• Promising Business Outlook for 2024/25. • Government sector public spending is on the rise, especially considering the focus on infrastructure projects in Water and Waste Water for Punjab and Sindh. • The decrease in interest rates has added stimulus for the industrial/manufacturing sectors, and growth is expected in the sugar and automobile sectors, which have some very good prospects in these market areas. • The export business is growing exponentially, with special projects in Saudi Arabia, Chile, Germany, and the Americas. • Expansion in KSB Pakistan's market share with sustainable growth in the future will remain the key focal point while relying on effective corporate communication for the key growth initiatives. https://dps.psx.com.pk/download/document/247155.pdf

For the latest quarter ending December 2024, SNBL posted a profit of Rs. 1.1 per share and paid a cash dividend of Rs. 1.75 per share. PAT for the fourth quarter was 25% lower than the average of the previous four quarters. Over the last four quarters, SNBL earned a total net income of Rs. 5.4 per share, while the total cash distribution during the same period was Rs. 3 per share. PAT for the trailing twelve months decreased by 7% compared to the prior quarter. For the year ending December 2024: Revenue increased by 8.5%. Profit before tax increased by 2.3%. Profit after tax decreased by 2.9%. The tax rate increased to 53%, compared to 51% last year. The current market price is 11% higher than its 6-Week low. The average daily traded shares volume over the week is 307%  HIGHER than the average daily traded shares volume over the last six weeks. SNBL overperformed the KSE100 by 12% over the past 3 months. A nd over the past 1 year SNBL has lagged behind the KSE100 b...