Attock Cement (Pakistan) Limited (ACPL): Year to begin with flat growth – By WE Research

  • By: WE Financial Services Limited

  • - Published: Thursday, 19 October 2017
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<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Despite higher volumetric sales, the bottom-line of ACPL is expected to post 0.3% YoY decline in 1QFY18 owing to 8% YoY hike in coal prices which resulted in lower gross profit. </span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The profit after taxation (PAT) of the company is likely to total Rs 689 million (EPS: Rs 6.02) in 1QFY18 as against a PAT of Rs 691 million (EPS: Rs 6.03) in 1QFY17. </span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The volumetric sales of the company would grow by 6% YoY in 1QFY18 to 517k tons as against 486k tons in 1QFY17 on back of rise in local sales. The PAT of the company is anticipated to fell by 13% QoQ in 1QFY18 mainly due to surge in coal p...

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