Daily Corporate Roundup

MG News | February 27, 2019 at 05:22 PM GMT+05:00

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February 27, 2019 (MLN): Several companies issued their financial earnings report for the period ended December 31, 2018, among which some reported noticeable gains while most reported losses and decline in net gains during the period. The result of these companies are listed below:

Company Name	Net Profit/ (Net Loss)	EPS/(LPS)
Nishat Chunian Power Ltd.	Rs.1.8 billion - 1HFY19	Rs.5.048
TPL Corp. Ltd.	Rs.36 million - 1HFY19	Rs.0.18
Merit Packaging Ltd.	(Rs.109.8 million) – 1HFY19	(Rs.1.36)
Cresent Cotton Mills Ltd	(Rs.77.9 million) - 1HFY19	(Rs.3.44)
Hallmark Company Ltd.	(Rs.0.765 million) - 1HFY19	(Rs.1.53)
AKD Capital Ltd.	(Rs.1.8 million) - 1HFY19	(Rs.0.18)
Redco Textiles Ltd.	(Rs.34.9 million) - 1HFY19	(Rs.0.71)
Dadabhoy Construction Technology Ltd.	(Rs.4.96 million) - 1HFY19	(Rs.2.14)
Shield Corporation Ltd.	Rs.0.86 million - 1HFY19	Rs.0.22
Dewan Mushtaq Textile Mills Ltd.	(Rs.50.2 million) – 1HFY19	(Rs.7.49)
Tri- Pack Films Ltd.	Rs 165 million – Year Ended FY19	Rs.4.06
Quetta Textile Mills Ltd.	(Rs 183 million) – 1HFY19	(Rs.14.08)
Sitara Energy Ltd.	(Rs.88.1 million) – 1HFY19	(Rs.4.61)
Sapphire Fibres Ltd.	Rs.1.8 billion - 1HFY19	Rs.67.99
Ghani Gases Ltd.	Rs. 61.2 million - 1HFY19	Rs. 0.44
Gul Ahmed Textile Mills Ltd.	Rs.2.13 billion - 1HFY19	Rs.6
Metropolitan Steel Corporation Ltd.	Rs.12.8 thousand - 1HFY19	Rs.0.414
Sajjad Textile Mills Ltd.	(Rs.581.4 million) - 1HFY19	(Rs.0.44)

For the six month period, Nishat Chunian Power Limited’s net income reported decent increment, primarily due to higher sales and lower costs as well as overall expenses.

On the other hand, TPL Corporation Limited has successfully managed to turn last year’s losses during the same period, into reasonable profits. The company earned Rs.174.8 million as dividend income which was nil last year. This was the major contributor in overall improvement in performance.

Contrarily, companies like Merit Packaging, Cresent Cotton Mills, AKD Capital and Sitara Energy incurred capital losses during the period.

Although, AKD Capital’s losses have shrunken from Rs.2.5 million to Rs.1.8 million.

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