By: BMA Capital Management Limited
Oil & Gas Development Company (OGDC): 9MFY15 EPS estimated at PKR15.5: Oil and Gas Development Company Limited (OGDC) is scheduled to announce its 9MFY15 result on Thursday 23rd April, 2015. We expect the earnings to decline by 27%YoY to PKR66.8bn (EPS: PKR15.5) in 9MFY15 compared to PKR90.9bn (EPS: PKR21.1) in the corresponding period last year. In 3QFY15, PAT is estimated to decrease by 20% YoY to PKR18.9bn (EPS: PKR4.4) as against PKR23.7bn (EPS: PKR5.5) in 3QFY14. The result announcement is also expected to accompany an interim dividend of PKR2.0/sh, taking 9MFY15 cumulative payout to PKR6.5/sh.
Allied Bank Limited (ABL): 1QCY15 Earnings Preview: Allied Bank Limited (ABL) is expected to post NPAT of PKR3.7bn (EPS: PKR3.25) in 1QCY15, an increase of 14.7%YoY when compared with the earnings of PKR3.2bn (EPS: PKR2.83) in 1QCY14. Along with the result, the bank is likely to declare an interim cash dividend of PKR1.5/sh.
United Bank Limited (UBL): 1QCY15 Earnings Preview: We expect UBL to declare 1QCY15 earnings of PKR6.3bn (EPS: PKR5.16), depicting a strong growth of 21.7%YoY compared to PKR5.2bn (EPS: PKR4.26) registered in 1QCY14. The result announcement is expected to accompany an interim cash dividend of PKR3.0/sh for the quarter.