Inside Financial Markets

PSO Result: Earnings in line with expectations but Payout Disappoints.

psoPSO Result: Earnings in line with expectations but Payout Disappoints.

PSO posted an EPS of PKR 50.85 for Fy13, in line with expectations, with a cash dividend of PKR 2.5/share. Gross profit was 3.3pp above our expectations likely on account of lower than expected inventory losses. Exchange losses were likely higher than our expectations which kept up operating expenses. Further analysis will be done once detailed results are out.

Sanie Khan

Sanie Khan holds a deep knowledge of the financial markets in Pakistan. Based in Karachi, he has over 20 years of hands-on management experience in financial technologies and managing operations in the financial sector. He was the General Manager at the Pakistan Stock Exchange (PSX) for 17 years. He along-with senior members of Exchange

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Inside Financial Markets was a joint publication of Pakistan Stock Exchange (PSX)and Society of Technical Analysts Pakistan (STAP)