Earnings Preview: Higher finance cost, margin attrition to deteriorate DGKC’s net earnings
MG News | February 13, 2020 at 10:54 AM GMT+05:00
February 12, 2020 (MLN): The board meeting of DG Khan Cement (DGKC) is scheduled to announce its financial results for 1HFY20 on Thursday i.e. today
According to the projection table given below, all brokerage houses expect the company to post a net loss of around Rs 2.46 billion to Rs 3.14 billion which translate into an LPS ranging from Rs 5.40- Rs 7.17.
| Research House | 1HFY20E Net loss | Loss per share (LPS) | 1HFY19A Net profits |
|---|---|---|---|
| Alfalah | Rs 2.49 billion | Rs 5.79 | Rs 1.742 billion |
| Arif Habib | Rs 2.60 billion | Rs 5.94 | Rs 1.742 billion |
| Fortune | Rs 3.14 billion | Rs 7.17 | Rs 1.742 billion |
| Pearl | Rs 2.60 billion | Rs 5.95 | Rs 1.742 billion |
| Darson | Rs 2.46 billion | Rs 5.63 | Rs 1.742 billion |
| Al Habib Capital | Rs 2.69 billion | Rs 6.16 | Rs 1.742 billion |
| Insight | - | Rs 6.36 | Rs 1.742 billion |
| Topline | - | Rs 5.89 | Rs 1.742 billion |
| AKD | - | Rs 5.40 | Rs 1.742 billion |
| IMS | - | Rs 6.58 | Rs 1.742 billion |
| NEXT | - | Rs 5.87 | Rs 1.742 billion |
During the period under review, the topline earnings of the company are expected to increase owing to a recovery in local dispatches while the gross profits of the company are predicted to fall in 1HFY20 due to higher cost pressures.
Moreover, the company’s other income is forecasted to fall due to fewer dividends from associated entities.
The distribution expenses are anticipated to increase on an account of higher export sales from south plants with further damages expected from huge finance cost, pertaining to excessive borrowing with a high cost of debt.
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