MCB held its conference call today whereby they discussed the banks’ financials and its future outlook. The call was led by the CFO Mr. Hammad Khalid. Highlights: · To recall, MCB announced earnings for CY20 slightly below expectations, at PKR 29.4bn (EPS: PKR 24.82), depicting a YoY uptick of 23%, while declining 40% QoQ (4QCY20…
All posts tagged Corporate Briefing
Avanceon Limited – Corporate Briefing Takeaways
Avanceon Limited held an analyst briefing today to discuss its business and future outlook. The briefing was led by the CEO Mr. Bakhtiar Wain. Takeaways: · AVN posted earnings at PKR 746mn during 9MCY20 with EPS clocking in at PKR 3.52, up 58% YoY. PAT during the quarter settled at PKR 318mn (PKR 1.50/share), compared…
Amreli Steels Limited – Corporate Briefing Takeaways
The Management of Amreli Steels Limited held a Corporate Briefing Session on 10th Feb’21 to discuss the financial result and future outlook. Takeaways · ASTL posted a profit of PKR 312mn (EPS: PKR 1.05) in 2QFY21, against a loss in SPLY and depicting a jump of 2.8x QoQ. · Primary reason behind the growth remained a 21% jump…
Fauji Fertilizer Company Limited – Corporate Briefing Takeaways
The Management of Fauji Fertilizer Company Limited held a Corporate Briefing Session on 9th Feb’21 to discuss the financial result of CY20 and future outlook. Takeaways · To recall the company posted a bottom-line of PKR 20,819mn (EPS: PKR 16.36) in CY20 against PKR 17,110mn (EPS: PKR 13.45) in CY19, up by 22% YoY on…