<ul><li><span lang="en-PK" style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Attock Cement Ltd. (ACPL) reported a PAT of
PKR1.1bn (EPS: PKR8.06) consistent with last year PAT, below our expected PAT
of PKR1.34bn (EPS: PKR9.75). Lower than expected gross profit is a major reason
for deviation in profitability.</span></li><li><span lang="en-PK" style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Net sales increased by 15% YoY to
PKR21.2bn, driven by better retention price and higher dispatches.</span></li><li><span lang="en-PK" style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Despite increase in sales and better
retention prices gross margins remained stable and clocked in at 22% same as in
last year due to increase in energy prices.</span></li><li><span lang="en-PK" style="font-family...
