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.
