Attock Cement Pakistan Limited notified its 2QFY22 financial results where the company has announced unconsolidated profit of PKR578mn (EPS: PKR4.2) vs. profit of PKR423mn (EPS: PKR3.1) in SPLY. The result remained on the higher side primarily due to dividend from its subsidiary Saqr Al Keetan.
During 2QFY22, revenue declined by 7% YoY (up by 22% QoQ), due to 30% YoY decrease in total dispatches wherein exports declined by 54% YoY. Gross margins declined by 8.9ppts YoY to clock in at 20%, mainly due to higher coal prices. However, increased by 110bps on QoQ basis, thanks to higher domestic sales.
Distribution cost of the company declined by 45% YoY due to decline in export volumes & total dispatches during the
Other income was recorded at PKR577mn, primarily fur to dividend income from subsidiary. On consolidated basis, ACPL posted an Earnings Per Share of PKR2.27 in 2QFY22 , down by 37.8%.
|Attock Cement – PKR in Million||Dec-20||Sep-21||Dec-21||QoQ||YoY|
|Gross Margins %||29%||19%||20%||6%||-31%|
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