Corporate earnings improve

Monday, 3 March 2014 02:04 - - {{hitsCtrl.values.hits}}

Improved domestic economic conditions have contributed to improved corporate performance during 3Q2014/4Q2013 compared to the previous quarter, according to First Capital Equities.

It said corporate results released thus far saw top line growth rise by 7.0%QoQ from Rs. 283.1 b to Rs. 302.7 b on the back of increased sales. Operating profit meanwhile rose by 7.0% QoQ from Rs. 28.4 b to Rs. 30.3 b. Net profit in 3Q2014/4Q2013 improved significantly by 16.0%QoQ from Rs. 30.9 b to Rs. 35.9 b. With overall 3Q2014/4Q2013 reflecting significant bottom-line growth, many companies have announced their intention to pay dividends to shareholders.