Aisha Steel Mills Limited (ASL): ASL’s 3QFY21 earnings likely at PKR 2.18/share – By Alfa - Akseer Research

<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Aisha Steel Mills&rsquo; (ASL) board meeting to consider its 3QFY21 financial results is scheduled on April 20, 2021. We expect the company to post an EPS of PKR 2.18 for the quarter as against LPS of 0.22 in same period last year. Surge in earnings will mainly emanate from higher CRC prices and improved margins.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">This will take ASL&rsquo;s 9MFY21 earnings to PKR 5.39/share as against loss of PKR 0.67/share in corresponding period last year. We do not forecast any interim cash dividend along with 3Q results.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">We expect ASL&rsquo;s topline to grow 93% YoY mainly due to higher produc...