PakStox Outlook

OGDC: Oil & Gas Development Company Limited, Earnings Release: Q3 March 2023  EPS: Rs. 15.03. Cash Dividend: Rs. 1.8 per share Price (Rs.) 1 Month 6 Month 1 Year 86.17 5.50% 22.49% 1.90% Profit after tax of Rs. 64 billion is almost 50% of the PAT of Q3 last year, while profit before tax (PBT) is about 54% higher than the same quarter last year. Sales of Rs. 105.9 billion for the quarter have grown by 19%, while gross profit has grown by 16.6%. Gross margin was depressed due to higher operating expenses. Revenue was boosted due to the weakening rupee and higher oil prices. The real boost to the income came from 'other income' of Rs. 37.4 billion, which grew 4.5 times over the same period last year, due to higher investment income as interest rates rose. Other income also increased due to exchange gains coupled with share of profit in associates. The tax rate for the quarter was 35.2%, in line with the recent historic average. OGDC is trading at very low multiples, i.e., PE o...

Oil and Gas Development Company Limited Directors Report: March 31, 2023 Discovery : OGDCL's exploratory efforts to locate new reserves during the period under review yielded 3 oil and gas discoveries having an expected cumulative daily production potential of 3,007 barrels of oil and 2.7 MMcf of gas.  Production : OGDCL's production during the period under review contributed around 46%, 29% and 36% towards Country's total oil, natural gas and LPG production respectively (source: PPIS). Production : The average daily net saleable crude oil, gas and LPG production clocked in at 33,034 barrels, 765 MMcf and 732 tons in comparison to 36,173 barrels, 828 MMcf and 822 Tons in the comparative period respectively.  Revenue : Higher sales are primarily attributable to an increase in the realized price of crude oil averaging US$ 75.01/barrel (9M 2021-22: US$ 68.84/barrel). Other Income: In addition to the above, higher interest income on investment and bank deposits and exchange ga...

Fauji Cement Company Limited (PSX:FCCL) 3rd Quarter - March 2023 EPS : Rs. 0.77, declining over 19% on the average EPS of the last four quarters. Earnings took a hit due to an exchange loss booked in financial costs. Cash dividend, nil. Price (Rs.) 1 Month 6 Month 1 Year 11.85 2.16% -19.11% -30.29%

Lotte Chemical Pakistan Limited (PSX:LOTCHEM) 1st Quarter March 2023 EPS: Rs. 1.68 Cash Dividend: Interim cash Dividend of Rs. 2 per share. (20%) Price (Rs.) 1 Month 6 Month 1 Year 25.24 -0.7% -19.1% 27.6% EPS (Earnings Per Share): The EPS for the quarter was Rs. 1.68, which represents a growth of 26.30% compared to previous quarter. However, EPS growth over the average EPS for the last trailing twelve months was only 0.51%. Sales: LOTCHEM earned a revenue of Rs. 22,117 million for the quarter, which is an increase of 6.6% compared to the previous quarter and 8.8% compared to the same quarter last year. Gross Profit : The gross profit for the quarter was Rs. 4,439 million, which is a significant increase of 47.3% compared to the previous quarter and 10.7% compared to the same quarter last year. Profit After Tax: LOTCHEM earned profit after tax for the quarter of Rs. 2,542 million, which registered a growth of 26.3% compared to the previous quarter, but a decline of 2.8% co...

PakStox Investment Universe Earnings Releases (18-19 April 2023) Only Systems Ltd announced a cash dividend. For all companies Earning releases click  here . Company Year ended /Half Year ended Profit / (Loss) Before Taxation (Rs. In Million) Profit / (Loss) After Taxation (Rs. In Million) EPS /(LPS) Apr 19, 2023 Ismail Industries Limited 31/03/2023(IIIQ) 5,153.699 (UCS) 4,334.761 (UCS) 65.32 Fauji Cement Company Limited 31/03/2023(IIIQ) 9,977.88 6,967.74 3 Pakistan Refinery Limited 31/03/2023(IIIQ) 4,101.42 2,531.21 4.02 D.G. Khan Cement Company Limited 31/03/2023(IIIQ) 5,461.495 (CS) 4,110.486 (CS) 8.84 International Steels Limited 31/03/2023(IIIQ) 2,082.80 1,576.80 3.62 Berger Paints Pakistan Limited 31/03/2023(IIIQ) 220.149 (UCS) 143.619 (UCS) 7.02 Thal Limited 31/03/2023(IIIQ) 2,260.217 (UCS) 1,647.681 (UCS) 20.33 Gatron (Industries) Limited 31/03/2023(IIIQ) 105.936 (UCS) (124.054) (UCS) -3.23 Pak Datacom Limited 31/03/2023(IIIQ) 355.116 205.977 17.37 Meezan Bank Limited 31/03...