FCCL’s EPS for 2QFY19 to clock in at PKR 0.64
Fauji Cement Company Limited (FCCL) is scheduled to announce its 2QFY19 result on Monday, February 18, 2019. We expect the company to post profit after tax of PKR 889 mn (EPS: PKR 0.64) for the quarter, showing a growth of 8% YoY. We expect company’s topline to increase by 1.7% YoY reflecting higher selling price during the quarter. Moreover, we expect gross margins to remain slightly up despite higher coal price and currency depreciation. We expect FCCL to announce a cash dividend of PKR 1/share.
Fauji Cement is engaged in the manufacturing and marketing of cement.
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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