KARACHI: Atlas Honda Ltd posted profit after tax (PAT) at Rs3.21 billion for the year ended Mar 31, down from Rs4.66bn in the previous year.

Earnings per share (EPS) fell to Rs31.03 from Rs45.10 while sales increased to Rs82.4bn, from Rs77.5bn. The board also declared cash dividend at Rs10 per share along with bonus issue at 20pc.

DGK Cement profit plunges

D.G. Khan Cement Com­pany announced consolidated PAT at Rs2.50bn for 9MFY19, decreasing from Rs4.74bn in same period previous year.

As a result, EPS declined to Rs5.71, from Rs10.82 whereas sales rose to Rs32.6bn, from Rs25.4bn. Major burden on the net earnings was the heavy increase in finance costs to rs2.46bn, as against Rs339m.

Aisha Steel posts losses

Aisha Steel Mills dec­lared 9MFY19 loss at Rs151m and loss per share at Rs0.28 as against profit of Rs1.11bn and EPS at Rs1.36 in corresponding period of last year.

Sales stood down to Rs13.5bn, from Rs14.6bn. The deterioration in results was due to higher cost of sales and finance charges.

ICI Pakistan earns Rs1.77bn

ICI Pakistan posted consolidated PAT at Rs1.77bn for 9MFY19, plunging by 35pc year-on-year from Rs2.75bn.

EPS slipped to Rs19.35, from Rs29.60 while turnover rose 20pc to Rs43.9bn, from Rs36.7bn, including its subsidiaries ICI Pakistan PowerGen, Cirin Pharma­ceuticals and NutriCo Morinaga. The profits were hit by the finance costs which jumped to Rs1.06bn, from Rs0.40m.

EPCL income shrinks 25pc

Engro Polymer & Chemi­cals Ltd (EPCL) recorded PAT at Rs1.09bn (EPS: Rs1.20), down 25pc year-on-year over 1.45bn (EPS: Rs1.59).

Net sales jumped 8pc to Rs9.34bn, from Rs8.69bn which was due mainly to the rupee depreciation by 20pc. However, PVC prices declined by 7pc.

FFBL records Rs2.42bn loss

Fauji Fertiliser Bin Qasim Ltd ((FFBL) suffered consolidated loss of Rs2.42bn for the quarter ended Mar 31, up from loss of Rs414m in same period last year. LPS increased to Rs2.39, from Rs0.26 while sales decreased to Rs6.88bn, from Rs14.0bn.

Published in Dawn, April 25th, 2019