Thatta Cement Company Limited (THCCL): 2QFY19 EPS decreased by 28% YoY to PKR 0.69 – By Alfa - Akseer Research

<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">THCCL announced its 2QFY19 financial result today where the company reported EPS of PKR 0.69, down 27% YoY. This takes 1HFY19 EPS to PKR 1.19, down 35% YoY. The result was above our expectation due to better than expected gross margins. </span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">THCCL 2QFY19 topline surged 78% YoY due to increase in dispatches coupled with increase in retention price of cement in South. 1HFY19 topline increased 49% YoY to settle at PKR 1.99bn.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Gross margin for the 2QFY19 contracted by 7.4pps YoY to 20.7% on account of the company inability to completely pass on the impact of rise in input costs. 1HFY19 gross ma...