Pakistan Oxygen Limited (PAKOXY): Expansion and Electrode Manufacturing Resumption to Boost Earnings – By IIS Research
<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Pakistan Oxygen Limited’s (PAKOXY) earnings jumped by 38.4%
in 3QCY18 due to higher sales, which in turn were driven by (i) higher
electrodes demand, (ii) higher medical gases sales, and (iii) re-commencement
of calcium carbide business. Jump in earnings was also attributable to better margins
on Nitrous Oxide and better power consumption. In the analyst briefing held on
Tuesday, the management disclosed that they are planning to resume
manufacturing of electrodes in 1QCY19. The management also said that the 250
TPD expansion plan was currently in negotiation phase</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">According to disclosures made in the analyst briefing on
Tuesday, PAKOXY’s earnings jumpe...
