Earning Preview: ACPL attracts mixed anticipations from market experts

January 20, 2020 (MLN): Attock Cement Company Limited (ACPL) is scheduled to unveil its financial results for 1HFY20 on 21st January 2020.

According to the table given below, all three brokerage houses have different projections. Pearl Securities expects no change in the company’s earnings whereas Darson expects the company to post a decline in its earnings by 20.6% YoY. As per BIPL research, ACPL is expected to report an increase in its earnings by 19% YoY.

This suggests that there are mixed expectations exist regarding the profitability of ACPL.

Research House

1HFY20 PAT

Earnings per share (EPS)

% change YoY

Pearl Securities

Rs 814 million

Rs 5.92

0%

Darson

Rs 649 million

Rs 4.72

-20.60%

BIPL

Rs 790 million

Rs 5.8

19%

According to the Darson research, this decline in profitability is expected as north based players have gained market share in the south resulting in lower dispatches of south players.

While the profitability of the company is expected to increase owing to lower international prices that were around at $68/MT during 1HFY20, lower by 31% YoY when compared with $98/MT in 1HFY19. However, the rise in finance cost might keep the profitability in check, revealed BIPL.

Copyright Mettis Link News

Posted on: 2020-01-20T18:03:00+05:00

32229