Earning Preview: Cherat Cement’s profits likely to turn into losses in 1HFY20
By MG News | February 11, 2020 at 12:24 PM GMT+05:00
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.
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