ACPL’s EPS for 1QFY19 likely to clock in at PKR 4.93
Attock Cement Pakistan Limited’s (ACPL) board of directors is scheduled to meet on Friday October 12, 2018 to announce 1QFY19 earnings result. We expect the company to post earnings of PKR 564 m (EPS: PKR 4.93), 7% lower than the corresponding period last year. We foresee company’s gross margin for 1QFY19 to decline to 23.7% from 34% in SPLY due to expensive coal along with PKR depreciation and higher FED. Moreover, we expect company’s selling expense to increase significantly by 62% YoY due to rise in export dispatches which constituted almost 49% of total dispatches for the quarter.
Attock Cement Pakistan Ltd. Attock Cement Pakistan Limited is principally engaged in manufacturing and sale of cement. The Company is also engaged in exporting clinker and cement both in bags and bulk to the United Arab Emirates (UAE), South Africa, Iraq, Sri Lanka and many other countries. The Company also has the facility of supply of cement in bulk and also produces the low alkali cement for some of its market. Its products include Ordinary Portland Cement (OPC), which is a product under the Falcon Brand used in all types of general construction. OPC can be used in concretes, mortars, grouts and premix concrete. It also offers Sulfate Resistant Cement (SRC), which is sold under falcon Brand and is used in sea and coastal areas and provides resistance to chemical attack from sulfates and dissolved salts present in sea and saline waters. The Company's Falcon Block Cement product is offered for block and precast slab makers.
Ismail Iqbal Securities (Private) Limited (IISPL) is a TREC holder of the Pakistan Stock Exchange, as well as an SECP registered Underwriter and Book Runner. IISPL provides comprehensive financial services including Equity Sales, Research on Equities and the Macro-Economy, Investment Advisory, Portfolio Management, Corporate Finance, and extensive services for Private Equity investors. IISPL services a diversified client base, from Institutional to Retail Investors including High Net worth Individuals.
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