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 MillionDec-20Sep-21Dec-21QoQYoY
Net Sales5,7694,4275,39122%-7%
Gross Profit1,6708391,08329%-35%
Gross Margins %29%19%20%6%-31%
Distribution Cost76332042031%-45%
Operating Profit76537048832%-36%
Other Income32435771238%1702%
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