Tag Archives: Operating

Alcatel cuts 2012 operating margin estimate

The French telecommunications equipment maker Alcatel-Lucent said Tuesday that it no longer expects to post a stronger operating margin this year, as it unveiled a third-quarter operating loss. “In light of year-to-date

SC orders HEC to keep operating until amendment in law

ISLAMABAD – The Supreme Court on Tuesday ordered Higher Education Commission (HEC) to restore all its privileges and to keep operating until the amendment in the law prevails.
The court was hearing petitions against dissolution of the HEC.
The Attorney General, Maulvi Anwar-ul-Haq told the court that the commission still existed and with consultation from educational experts and vice chancellors a new law would be constituted for HEC.

HBFCL posts first operating profit in four years

LAHORE – House Building Finance Corporation Limited (HBFCL) held its Annual General Meeting (AGM) today, in which it announced that it has achieved an operating profit for the first time in four years. HBFCL, the country’s leading housing finance institution has been steadily reducing its losses over the past three years and in the current financial year it further improved its financial position and realized a profit of Rs 113 million.
In 2007 and 2008, HBFCL reported a loss of

Kite twine factories operating in Faisalabad despite ban

FAISALABAD – An illegal network of kite-thread factories is working under cover in different parts of the city despite the government’s ban on the sale of kite flying material. Reportedly, these factories worked overtime during Basant festival this week to cater the needs of the kite flyers who took pleasure to violate the ban on the kite-flying, loud music and firing in the air.
However, it is reported that some of them have been arrested by police after a censure from the

SSGC’s net operating assets likely to increase by 8.2pc

KARACHI – Though operating assets of Sui Southern Gas Company (SSGC) are likely to increase by an annual 7.6 percent, net operating assets are expected to increase by only 8.2 percent due to a meager 3.4 percent rise in deferred credit.
Operating assets are anticipated to increase faster compared to deferred credit since SSGC finances most of its capital expenditures through debt financing.
SSGC is scheduled to announce its results for the first half of financial year 2011