Fauji Cement Company Limited: Earnings Preview – By IIS Research

  • By: Ismail Iqbal Securities (Pvt.) Limited

  • - Published: Thursday, 14 February 2019
fauji cement.jpg
<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">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&rsquo;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.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Despite decline in local dispatches, topline is expected to increase by 1.7% YoY on higher cement prices in 2QFY19. Cement price during the quarter average...

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