Bank Alfalah to expand earnings Bank Alfalah Limited’s balance-sheet is geared up to expand earnings in rising interest rate scenario, while higher concentration towards zero-cost deposits will restrict the cost of funds at manageable levels. Moreover, the net interest margins (NIMs) expansion is likely to continue in CY22 due to higher portion of shorter duration … Read more
The fertiliser manufacturers’ stable revenue stream and margins keep the sector favourite in the market. The firm earnings bode well with the sector’s cash rich position for sustainable payouts, making their dividend yields attractive at the current levels. The DAP manufacturer, Fauji Fertilizer Bin Qasim (FFBL), is in a sweet spot. The DAP prices in … Read more
By improving its production efficiency, fertiliser industry can contribute up to $1 billion annually to the national exchequer, a senior official of Engro Fertilizers, said. “By exporting 0.8 million tonnes of urea we can earn in the range of $500 million to $900 million, depending on the international prices. But by de-bottlenecking the production capacity … Read more
KARACHI: Engro Fertilizers Limited’s earnings for the second quarter ended June 30, 2021 surged 25.77 per cent to Rs4.8 billion (EPS: Rs3.6), compared with the net profit of Rs3.8 billion (EPS: Rs2.91) in the corresponding period of the last year, a bourse filing said on Thursday. The company declared an interim cash dividend of Rs4/share. … Read more
