PakStox Outlook

PPL posted a profit of Rs. 10 per share for the latest quarter ending Dec 2024. Also declared a cash dividend of Rs. 2 per share. The income was boosted by a higher level of other income of Rs 8.8 billion. This brings the net income of PPL to a total of Rs. 35.4 per share for the last four quarters, while in the last four quarters total cash distribution was Rs. 7.5 per share.

Oil & Gas Development Company Limited | Financial Results – Q2 Dec 2024 OGDC reported a profit of Rs. 9.6 per share for the quarter ending December 2024 and announced a cash dividend of Rs. 4.05 per share. This brings OGDC's net income for the last four quarters stands at Rs. 39.1 per share, while the total cash dividend distributed during this period amounts to Rs. 13.1 per share.

Citi Pharma Ltd. (CPHL) Quarterly Report - Q2 Dec 2024 CPHL reported a profit of Rs. 1.1 per share for the quarter ending December 2024. The company did not declare any cash dividend for this period. For the last four quarters, the cumulative net income amounted to Rs. 3.6 per share, while total cash distribution was Rs. 3.3 per share.

PIOC | Pioneer Cement Ltd (Q2 - Dec 2024), posted a profit of Rs. 7.7 per share for the latest quarter ending December 2024 and declared a cash dividend of Rs. 5 per share. This brings the net income of PIOC to a total of Rs. 23.4 per share for the last four quarters, while the total cash distribution over the same period was Rs. 15 per share.

TRG announced financial results for the 2nd Quarter ending Dec 2024. Earns Rs 3.5 per share for the quarter, primarily all of it is share of profit from equity investee - hard to reach the holders of  TRG shares. To pay Rs 362 million in taxes, TRG will have to rely on cash hoarded from last year.

Note on FC  convertible bonds Issued by Pace (Pakistan) Limited (PSX:PACE) On 27 December 2007, BNY Corporate Trustee Services Limited, incorporated in the United Kingdom with its registered office at One Canada Square, London E14 5AL, entered into an agreement with the Company. The agreement stipulated that the Company would issue 25,000 convertible bonds of USD 1,000 each, amounting to USD 25 million. These foreign currency convertible bonds (FCCB) were listed on the Singapore Stock Exchange and became redeemable on 28 December 2012 at the accreted principal amount. The bonds carry a mark-up of 5.5% per annum, compounded semi-annually, accretive (up until 28 December 2012), and a cash interest of 1% per annum to be paid in arrears. The bondholders had the option to convert the bonds into equity shares of the Company at any time following the issue date until the maturity date at a price calculated as per the terms of the arrangement. As of 30 June 2022, USD 13 million worth of bo...

Zarea Limited will be listed today and will trade under symbol ZAL. Opening Price Rs. 16.5 Excerpt from Prospectus of Zarea Ltd.........."ZL is a Digital Technology Company that specializes in B2B commodity trading in Pakistan. ZL provides a platform that connects B2B buyers and sellers through its website (Zarea.pk) and mobile app (Zarea). The platform is accessible for everyone, and the Company charges a Platform Usage Fee (PUF) on each transaction completed on its platform, earning revenue. For each commodity, PUF is charged as a fixed percentage of the total value of the transaction and is part of the gross transaction value charged to the customer. This fixed percentage varies for each commodity and ranges between 1% to 10%. Typically, the PUF is collected at the time of delivery, and since delivery may be carried out by a logistics provider or supplier, the collection is carried out by them. Since its inception in 2020, ZL has successfully dealt with four commodity sectors: ...

Ghandhara Automobiles Limited [Q2 - Dec 2024] GAL posted a profit of Rs. 4.3 per share, for the latest quarter ending Dec2024.  Cash Dividend was Nil. This brings the net income of GAL to a total of Rs. 10 per share for the last four quarters. The Company did not declare any cash distribution in last four quarters.  The cumulative net income of the last four quarters stands at 114% higher compared to the cumulative total of the prior four quarters. In the last 5 quarters, 2 quarter(s) incurred loss(es).  As of week ending 21 Feb 2025: GAL overperformed the KSE100 by 67% over the past 3 months. And over the past 1 year GAL overperformed the KSE100 by 466%. https://dps.psx.com.pk/download/document/248328.pdf

Kot Addu Power discloser at PSX: Progress has been made on the renewal of the Company's Power Purchase Agreement (PPA) following negotiations with the National Task Force on Implementation of Structural Reforms (Power Sector). Due to system requirements, the National Electric Power Regulatory Authority (NEPRA) has already approved the inclusion of the Company's Power Plant in the Power Acquisition Plan (2023-2027) for distribution companies whereby the Company's Power Plant is required in the System till 2027. Hence, it has been agreed in-principle that the PPA for 500 MW (and Switchyard) will be renewed for three years on hybrid take-and-pay wherein certain fixed costs along with a minimum guaranteed return will be allowed subject to availability of the Power Plant; and extra return on equity will be linked with additional generation of electricity. After the close of the review period, the Government of Pakistan (GoP) approved the retention of the Company's Power Plan...

For the latest quarter, Q2 ending Dec2024, Hub Power (PSX: HUBC) posted a profit of Rs. 4.5 per share and declared a cash dividend of Rs. 5 per share. This quarter, HUBCO showed a gross loss of Rs. 516 million. The income was primarily from dividend income of Rs. 8.3 billion that HUBCO recorded this quarter. This brings the net income of HUBC to a total of Rs. 25.1 per share for the last four quarters, while the total cash distribution over the last four quarters was Rs. 16 per share. The cumulative net income of the last four quarters stands at 13% lower compared to the cumulative total of the prior four quarters.  As of the week ending 21 Feb 2025, HUBC overperformed the KSE100 by 3% over the past 3 months. However, over the past 1 year, HUBC has lagged behind the KSE100 by 69%. Indices Weighting: KSE100 Index—Medium; KSE30 Index—High; KMI30—High. https://dps.psx.com.pk/download/document/248230.pdf

For the latest quarter, Q2 ending Dec2024, Hi-Tech Lubricants (PSX:HTL) posted a loss of Rs. 1.8 per share.  Cash Dividend was Nil. This reduces the net income of HTL to a total of Rs. 1 per share for the last four quarters. The Company did not declare any cash distribution in last four quarters. Higher distribution cost this quarter resulted in operating loss despite higher gross profit. The cumulative net income of the last four quarters stands at 54% lower compared to the cumulative total of the prior four quarters. In the last 5 quarters, HTL incurred losses in 2 quarters. HTL has no weighting in KSE100 Index, KSE30 Index and KMI 30 Index. As of week ending 21 Feb 2025:HTL has lagged behind the KSE100 by 7% over the past 3 months. And over the past 1 year HTL overperformed the KSE100 by 10%. https://dps.psx.com.pk/download/document/248203.pdf

For the latest quarter, Q4, ending Dec2024, Askari Bank (PSX:AKBL) posted a profit of Rs. 5.1 per share. It also declared a cash dividend of Rs. 3 per share. This brings the net income of AKBL to a total of Rs. 14.8 per share for the last four quarters. While in the last 4 quarters, the total cash distribution was Rs. 3 per share. The cumulative net income of the last four quarters stands at 2% higher compared to the cumulative total of the prior four quarters.  As of the week ending 21 Feb 2025, AKBL overperformed the KSE100 by 25% over the past 3 months. And over the past 1 year, AKBL overperformed the KSE100 by 12%. https://dps.psx.com.pk/download/document/248061.pdf

Fauji Cement Company Limited, Financial Results for: Q2 - Dec2024 FCCL posted a profit of Rs. 1.6 per share, for the latest quarter ending Dec2024. Cash Dividend was Nil. This brings the net income of FCCL to a total of Rs. 4.2 per share for the last four quarters. While in the last 4 quarters, total cash distribution was Rs. 1 per share. The Revenue in the latest quarter increased by 20% over the average of the previous four quarters. The gross profit in the latest quarter increased by 31% over the average of the previous four quarters. The net income in the latest quarter increased by 82% compared to the average of the previous four quarters. The cumulative net income of the last four quarters stands at 15% higher compared to the cumulative total of the prior four quarters. Gross profit margin for the quarter was 35.8%, compared to an average of 32.8% over the previous four quarters. Substantial decline in financial charges also boosted income. Tax rate for the quarter was 38%, compa...

Sazgar Engineering Works Limited Financial Results for Q2 Dec2024 For the latest quarter ending Dec2024, SAZEW posted a profit of Rs. 39.8 per share and paid a cash dividend of Rs. 10 per share. This brings the net income of SAZEW to a total of Rs. 217.5 per share for the last four quarters. While in last 4 quarters total cash distribution was Rs. 40 per share. The Revenue in the latest quarter declined by 34% over the average of the previous four quarters. The gross profit in the latest quarter declined by 33% over the average of the previous four quarters. The net income in the latest quarter declined by 16% over the average of the previous four quarters. While cumulative net income of last four quarters is 14% higher compared to cumulative figure for the prior four quarters. Gross profit margin for the quarter was 28.4%, compared to an average of 28% over the previous four quarters. Tax rate for the quarter was 43%, compared to an average of 44.2% over the previous four quarters. SA...