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.
