Attock Petroleum Ltd (APL) has posted a net profit of PKR2.4bn (EPS PKR24.0) for 1QFY22, up 90% qoq and 60% yoy. APL considerably improved its overall market share to 9.7% in 1Q compared with 8.3% in the previous quarter (improvement in both retail f...

Shell Pakistan Ltd (SHEL) has posted a dismal result for 3QCY21, with a NPAT of PKR0.30bn (EPS PKR1.39) down 90% qoq but better than a net loss SPLY. Gross profit of PKR6.5bn is greater than expected (PKR5.7bn), indicating nearly a PKR2.5bn of invent...

Kohat Cement Co. Ltd (KOHC) has posted 1QFY22 NPAT of PKR1.4bn (EPS: PKR6.96), compared to profit of PKR0.5bn (EPS: PKR2.52) SPLY. Higher-than-expected margins and elevated retention prices are the major deviation. Despite a massive jump in internati...

As per SBP data, Pakistan’s current account deficit (CAD) in September 2021 fell 24% mom to US$1.1bn, from US$1.5bn in August. Also, recently started deferred oil facility with Saudi Arabia would reduce monthly oil payments by c. Remittances remained...

UBL has posted consolidated 3QCY21 NPAT of PKR6.8bn (EPS: PKR5.52), up 43%yoy but lower by 9%qoq. The result is lower than our projected earnings of PKR6.15/sh, due to a one-off loss of PKR1.1bn on discontinued operations (UBL Switzerland), excluding...

Healthy volumes and handsome inventory gains should enable our OMC Universe to repeat elevated profitability in 1QFY22 (similar to that in 4QFY21), in our view. Our estimates would have been higher had it not been for hefty exchange losses expected i...