Stories from Raheel Ahmed
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Corporate results: Pakistan Petroleum bags Rs33.5b in nine months
Robust sales, increased production, expansion strategy help explorer grow.
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Shrinking spreads pull Standard Chartered Bank’s earnings down
Bank reports a 9.5% decline in profits to Rs1.452b in first quarter of 2013.
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Corporate results: Nishat Group’s profits grow across the board
Largest contributor being the textile wing, followed by cement, power and banking divisions.
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Higher exploration costs dampen OGDC’s otherwise decent performance
Oil and gas explorer announces exceptional profit of Rs76b.
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Despite falling margins, United Bank’s profits grow
Bank manages to cut provisions, boost non-core income to stay in profitability .
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Profits shoot up as Nestle’s margins grow
However, figures show slowest quarterly sales growth since 2010.
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Corporate results: DG Khan Cement doubles profits in first nine months of fiscal 2013
Cement producer to invest $10m in India to establish silos to improve exports.
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For Attock Group, refinery wing grows, petroleum, exploration drag profitability
Attock Refinery and Cement see significant rise in earnings; Petroleum and POL close lower.
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Corporate results: International gateway boosts PTCL’s earnings by a billion
Despite downward sticky costs, telecom giant opens the season for the sector with a bang.
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Corporate results: Improved gas supply drives Fauji Fertilizer Bin Qasim to profitability
Manages to convert a loss of Rs387m into profit of Rs492m in January to March quarter.