KARACHI: ICI Pakistan Limited unveiled results for the first quarter ended Sept 30, posting an after-tax-profit at Rs836 million, up 53 per cent from the same quarter earlier year.

The figures were on consolidated basis, including results of the company’s subsidiaries: ICI Pakistan PowerGen Limited, Cirin Pharmaceutical Ltd and NutriCo Morinaga Ltd.

The company wrote in a statement “the results are driven by improved operational performance, along with exchange gain in comparison to the exchange loss same period last year, particularly offset by higher finance costs during the period under review due to higher interest rates.”

On a standalone basis, the PAT at Rs926m and EPS at Rs10.03 were higher by 41pc year-on-year (YoY). Net turnover increased 9pc to Rs14.516bn over same period last year.

FFC reports Rs12.4bn profit

Fauji Fertiliser Company Ltd (FFC) declared financial results for 9MCY19 reporting profit-after-tax at Rs12.4 billion translating into earnings per share of Rs9.80, up 46pc over Rs8.5bn (EPS Rs6.70) same period last year.

On a quarterly basis, the PAT during 3QCY19 stood at Rs3.6bn (EPS of Rs2.80), down 6pc from Rs3.8bn (EPS Rs2.99) during the same period last year.

Along with the results, the company announced an interim cash dividend at Rs2.20 per share taking 9MCY19 payout to Rs7.55 per share.

Atlas Honda declares Rs6.5 cash dividend

Atlas Honda Limited announced financial results for second quarter ended Sept 30, earning PAT at Rs570m and EPS of Rs4.60 against PAT at Rs747m and EPS of Rs6.02 in the same quarter earlier year.

Analysts commented that earnings were down by 24pc year-on-year due to depletion in gross profit margin by two percentage points in this quarter.

Sales decreased 2.6pc to Rs18.5bn, from Rs19.0bn. The company announced interim cash dividend at Rs6.50 per share.

GSK earnings soar 71pc

GlaxoSmithKline Ltd (GSK) reported financial results for 3Q2019, recording PAT at Rs924 million and EPS at Rs2.90 against PAT of Rs541m and EPS of Rs1.70 in same period last year.

Earnings grew by 71pc YoY due to increase of 21pc in other income at Rs434m against Rs359m in the same quarter previous year.

Published in Dawn, October 29th, 2019