PPL | Pakistan Petroleum. The Chairman laments in the annual report that ..."lower offtakes from Sui Northern Gas Pipelines Limited (SNGPL), due to more than required volumes of Liquefied Natural Gas (LNG) in the system, negatively impacted net production by around 20 MMscfd." See PPL Annual Report. For excerpts from the report see this note.
OGDC | OGDCL’s average daily net saleable crude oil, gas and LPG production clocked in at 33,117 barrels, 717 MMcf and 717 tons in comparison to 32,478 barrels, 764 MMcf and 720 Tons in the preceding year. See Annual Report. See Excerpts. In 2024, OGDC's finance and other income dropped to PKR 41 billion from PKR 154.billion in 2023, comprising 14% of PBT compared to 40.32% last year. The 2023 figure was elevated by one-off gains from a finance lease modification and exchange rate movements. If the Pakistani Rupee strengthens in the future, it could negatively impact OGDC's income further.
GGGL | Ghani Global Glass Ltd. To cater the demand of the Pakistan & strengthen the footing in the export market, the management has decided to do the BMR of existing furnace to enhance capacity of Neutral Borosilicate Glass Tube USP Type I. See Note and excerpts from GGL Annual Report 2024. Since 2016 GGGL just issued two massive rights, no cash dividend.
UNITY | Unity Foods Limited. For the year ended Jun 2024 has reported a loss of Rs 2.5 billion. This is mainly due to massive financial charges of Rs 6.9 billion. See Disclosure. Unity Foods track record on cash dividend is almost non existent. It however loves to issue right shares.
CSAP | Crescent Steel, to sell Crescent Hadeed (Billet) Division, and classify it as "discontinued operations”. See Ann.
RPL | Roshan Packages Limited announced its earnings for the year ending June 2024, with PAT recorded at Rs 211.26 million (EPS: Rs 1.49), higher by 40.5% over last year’s Rs 150.34 million (EPS: Rs 1.06). Gross profit was lower by 12.5%, declining from Rs 1011.66 million to Rs 885.68 million. The PAT was boosted by an increase in other income, which rose to Rs 271 million, compared to Rs 146.4 million in the previous year. Roshan Packages Limited is currently trading at a market price (MRP) of Rs 14.5. See announcement
PSX | Pakistan Stock Exchange, for the year ended Jun 2024 earned Rs 1.28 per share ( last year Rs 0.27 per share). Its Income from exchange operations doubled this year. See PSX Annual Report 2024. China Financial Futures Exchange Company Limited owns 17% shares of PSX. Foreign Companies (13) own 44.49% shares of PSX.
