Consumer sector's profit dips 26pc YoY in 2019 amid economic slowdown.

 
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LAHORE -- The profitability of Pakistan's consumer sector- staples, pharmaceuticals and discretionaries- witnessed a decline of 26pc year-onyear in 2019, led by consumer discretionaries, where earnings fell by 48pc YoY. However, the profits of staples and pharmaceuticals were down by 13pc YoY each. According to Sunny Kumar, a research analyst at the Topline Securities, the overall slowdown in economic activity has taken its toll on the consumers' purchasing power, as sales for consumer discretionaries (Indus Motor, Thal Limited, Honda Atlas Cars Pakistan) declined by 23pc YoY (vs 5-year...

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