Power Cement Limited (POWER): Corporate Briefing Takeaways (Jun’22) – By Taurus Research

  • By: Taurus Securities Limited

  • - Published: Thursday, 23 June 2022
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<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">LAT: 3QFY22: PKR -273Mn (LPS: PKR 0.31); 9MFY22: PKR 162Mn (LPS: PKR 0.15)</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">During 9MFY22, the Company sold a total of 1.76Mn tons of cement and clinker, down 6% from 1.87Mn tons during the SPLY. Local sale of cement and clinker posted a growth of 2%. Whilst, a major decline was witnessed in export dispatches mainly on account of high freight cost resulting in cancelled orders from export destinations.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The management reveals that average net selling price during 9MFY22 arrives at PKR 8,617 as compared to PKR 6,293 during the SPLY. The Company has been able...

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