Pakistan Aluminum Beverage Cans Ltd (PABC): CY23 Analyst Briefing takeaways – By AKD Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Pakistan Aluminum Beverage Cans Ltd (PABC) held its analyst briefing yesterday to apprise investors on the CY23 results and future outlook. Following are the key highlights:</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Net Sales for CY23 stood at PkR19.7bn (up 39% YoY), while gross margins also improve to 38.4% during the outgoing year (vs. 33.4% in SPLY). Exports took up 48% of the total revenues during the period (vs. 42% in SPLY).</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Can volumes clocked in at 812mn during CY23, marking an increase of 12%YoY. Capacity utilization for the year stood at 95% (vs. 88% in SPLY).</span></li></ul><p></p>