PakStox Outlook

PABC: Notes on Full year December 2022 earnings. EPS: PK₨ 7.48 (vs PK₨ 4.37 in FY 2021). No cash dividend.  In the fourth quarter PABC earned only Rs. 0.65 per share, which is down 74 on the third quarter and 85% on the same quarter last year. In the fourth quarter PABC sales declined substantially compared to third quarter and last year. Higher tax charges also affected the profit for the fourth quarter for the year ending Dec 2022.  Despite a 71% rise in profits no dividend was declared. Directors cited economic conditions for not giving the shareholders there due. There are signs in this as to the future dividend expectations. This corporate behavior is a major issue in the stock market of Pakistan.  Share Price (Rs.) 3 Month 1 Year 40.5 -1.34% 37.29%

PABC: Notes from Directors' Report Dec 2022 In the year ended December 31, 2022, the net sales of the Company increased by Rs. 6.92 billion, reaching Rs. 14.15 billion, representing a 95.76% increase compared to the corresponding period last year.  The sales growth is attributable to better volumes in local market and further expanding the international market. The gross profit during the year under review was 33.41%, compared to 35.48% in the previous year.