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Five firms announce results

KARACHI: Several companies including oil, consumer product and an insurance company announced financial earnings on Thursday.

Pakistan Petroleum Limited (PPL): PPL has posted Rs 5.676 billion after tax profit in the quarter ended on March 31 compared to Rs 4.655 billion in the previous year, depicting almost 22 percent growth.

This translated into earnings per share (EPS) of Rs 7.52 during the quarter under review against Rs 6.17 in the previous, Karachi Stock Exchange stated on Thursday.

Profit before tax also jumped to Rs 8.472 billion in the said quarter against Rs 6.886 billion in the previous year whereas net sales of the company rose to Rs 11.959 billion from Rs 10.250 billion.

FFBL: Fauji Fertilizer Bin Qasim Ltd (FFBL) recorded 130 percent decline in its net profit in the quarter ended on March 31, a KSE notice stated.

Company’s net profit totaled Rs 162.090 million in the said quarter against Rs 374.348 million in the corresponding period of previous year, translating into Rs 0.17 EPS against Rs 0.40 EPS of previous year. Profit before tax plunged to Rs 224.383 million from Rs 572.815 million in the previous year whereas net sales also dropped to Rs 2.004 billion from Rs 3.034 billion in the previous year.

Unilever: Unilever has posted Rs 519 million profit during first quarter of 2008 compared to Rs 445 million in the corresponding quarter of the previous year, reflecting 17 percent growth.

Company’s EPS rose to Rs 39.04 from Rs 33.49 in the previous year whereas profit before tax also jumped to Rs 835 million from Rs 687 million in the last year.

Adamjee Insurance: Adamjee Insurance Company Ltd registered over 500 percent decline in its net profit for the quarter ended on March 31. According to KSE, net profit of the company stood at Rs 88.425 million during the quarter against Rs 561.577 million in the corresponding quarter of the previous year, which translated into Rs 0.86 earnings per share against Rs 5.49 of the previous year. Profit before tax also slumped to Rs 102.890 million from Rs 660.032 million in the last year. staff report

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