PakStox Outlook

PABC: Notes from Directors' Report Dec 2022 In the year ended December 31, 2022, the net sales of the Company increased by Rs. 6.92 billion, reaching Rs. 14.15 billion, representing a 95.76% increase compared to the corresponding period last year.  The sales growth is attributable to better volumes in local market and further expanding the international market. The gross profit during the year under review was 33.41%, compared to 35.48% in the previous year.

AGIC:  Notes from Directors' Report  Dec 2022 The general insurance industry in Pakistan has faced several challenges, including intense competition, high claim costs and economic instability. The devaluation of the Pakistani rupee has also impacted the industry, as it has resulted in higher reinsurance costs for insurance companies. With reinsurers’ revenue and profitability declining in USD terms, Pakistan’s general insurance industry is losing ranks in reinsurer’s priorities. During 2022, SBP raised the policy rate to 16% , to moderate the aggregate demand and control the rising Current Account Deficit (CAD). This has negatively affected the overall business activity and resultantly the insurance industry as well.

Rates of profit on National Savings Schemes have been revised upwards; DSC: 14.87%, +261bps BSC: 16.56%, +264bps RIC: 12.84%, +24bps SSC: 17.13%, +413bps SA: 18.50%, +400bps PBA: 16.56%, +264bps STSC: 19.82%, +386bps.  Download pdf. Pakistan Roshan Digital Account (RDA) gross inflows crossed $ 6bn and reached $ 6,005 million as of 07-Apr-23. During the month of  March 2023 gross inflows reached  USD 155 million, up by 24% MoM and the highest monthly inflow since September last year. See News.   See SBP Tweet.

Strongly reversing recent weak trend the KSE100 Index today rose by 1.6% closing at 40,351 up 634 points as positive signals emerge for an IMF deal.  https://invst.ly/-q0c0

See more PSX Financial Announcements at:  https://www.pakstox.com/p/earning-announcements-at-psx.html Company Year ended /Half Year ended EPS /(LPS) Dividend / Bonus / Right Profit / (Loss) Before Taxation (Rs. In Million) Profit / (Loss) After Taxation (Rs. In Million) 5 April 2023 Sitara Peroxide Limited 31/12/2022(HYR) -3.99 - -274.91 -220.064 The Pakistan General Insurance Co. Ltd. 31/12/2022(YR) -0.62 - -29.696 -28.791 PICIC Insurance Limited 31/12/2022(YR) -0.09 - -0.338 -3.069 Pak Elektron Limited 31/12/2022(YR) 1.33 - 2348.153 1067.467 Pakistan Reinsurance Company Limited 31/12/2022(YR) 2.92 7.50%(F) (D) 3556.743 2624.828 Fatima Fertilizer Company Limited 31/12/2022(YR) 6.73 - 30,764.933 (CS) 14,123.939 (CS) Fatima Fertilizer Company Limited 31/12/2022(YR) 6.73 35%(F) (D) 30,786.389 (UCS) 14,139.151 (UCS)

Pak Elektron Limited (PSX:PAEL), Annual Results (December 2022) Share Price (Rs.) 3 Month 1 Year PAEL 10.67 -11.85% -29.77% PAEL earned a Profit after tax of Rs. 1.06 (EPS Rs. 1.33) declining 33% over last year. Announced no dividend.  Sales increased by 22% for the year ending December 22, 2012. Gross profit increased by 14%, while gross profit margin declined by 7% to 19.7%. Operating income increased by 24% on the reversal of Rs. 241 million on account of  'impairment allowance for expected credit loss'. A huge increase of 42% in the financial charges substantially nullified top line growth and profit before tax, which could only register a 6% increase. The tax rate increase to 54% from 28% last year impacted the bottom line negatively. PAT declined by 33%. Pak Elektron Limited Dec-2022 Dec-2021 yoy Rs. Mill Rs. Mill % Sales 52,386 42,887 22% Gross Profit 10,301 9,068 14% Operating Profit 5,439 4,381 24% Finance Cost -3,090 -2,174 42% Profit Before Tax 2,348 ...

KSE100 trading +200 points. State Bank hiked rates by 100bps, fears were 200bps. Some relief.