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Synthetic Products Enterprises Limited (SPEL): SPEL expected to report EPS of PKR 1.27/share – By IIS Research

  • By: Ismail Iqbal Securities (Pvt.) Limited

  • - Published: Wednesday, 25 October 2017
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<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Synthetic Products Enterprises Limited (SPEL) is scheduled to announce its 1QFY18 result on Friday, October 27, 2017. We expect the company to record 1QFY18 EPS of PKR 1.27/ share (PAT: PKR 108mn) against EPS of PKR 1.06/share (PAT: PKR 90mn) during 1QFY17, up 20% YoY. </span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">On sequential basis, we expect the company&rsquo;s net profit to decline by 8% due to seasonal impact. We also expect the company to announce a cash dividend of PKR 0.50/ share along with the result</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">We expect SPEL&rsquo;s revenue to portray a growth of 14% YoY on the back of robust growth in autos production (1QFY1...

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