Earning Preview: Cherat Cement’s profits likely to turn into losses in 1HFY20

MG News | February 11, 2020 at 12:24 PM GMT+05:00

0:00

February 11, 2020 (MLN): Cherat Cement Company Limited (CHCC) is scheduled to announce its financial results for 1HFY20 on Wednesday i.e. tomorrow.

According to the projection table given below, all three brokerage houses; IGI, Darson and BIPL Securities expect the company to post a net loss of around Rs 655 million to Rs 984 million which translate into an LPS of roughly Rs 5.

Research House	1HFY20E Net losses	1HFY19A Net profits	Loss per share (LPS)	% change YoY
IGI Securities	Rs 984 million	Rs 1.03 billion	Rs 5.06	-
Darson Securities	Rs 901 million	Rs 1.03 billion	Rs 5.10	-
BIPL Securities	Rs 655 million	Rs 1.03 billion	Rs 5.30	-

During the period under review, the topline earnings of the company are expected to increase on an account of a significant increase in local dispatches.

While the gross profits of the company are predicted to recede in 1HFY20 due to severe price competition among players and the higher cost of production.

Moreover, the company is expected to bear an operating loss along with further damages expected from colossal finance cost, pertaining to excessive borrowing especially for newly installed plant coupled with high-interest rates.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	184,409.67 393.48M	-0.61% -1133.34
ALLSHR	110,382.58 1,026.61M	-0.45% -501.36
KSE30	56,593.88 158.22M	-0.71% -404.12
KMI30	259,208.41 213.19M	-0.87% -2263.77
KMIALLSHR	70,710.78 493.25M	-0.60% -427.51
BKTi	53,774.72 51.55M	-0.55% -299.43
OGTi	36,045.04 14.71M	-0.59% -214.34

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	90,645.00	92,275.00 89,825.00	-460.00 -0.50%
BRENT CRUDE	63.02	63.92 61.83	1.03 1.66%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	-1.25 -1.42%
ROTTERDAM COAL MONTHLY	95.30	98.65 95.30	-2.90 -2.95%
USD RBD PALM OLEIN	1,027.50	1,027.50 1,027.50	0.00 0.00%
CRUDE OIL - WTI	58.78	59.77 57.61	1.02 1.77%
SUGAR #11 WORLD	14.89	14.99 14.78	-0.08 -0.53%