Attock Cement nine-month profit seen rising 65%, Pakistan

Attock Cement nine-month profit seen rising 65%, Pakistan
Published: 15 April 2011

Attock Cement Pakistan Ltd (ACPL) is scheduled to announce its financial result for 9MFY11 on April 19, 2011. The company is likely to post QoQ profitability growth of 65% to PKR228m (US$2.7m) in 3QFY11, mainly on account of 7% growth in average retention prices coupled with a 2% QoQ improvement in the  sales.



According to analysts at Arif Habib Ltd, despite the massive expected recovery in the profitability of 3QFY11, the company is likely to suffer a bottom line contraction of 53% YoY to PKR463m (EPS: PKR 5.35) in 9MFY11. The declining brand premium of Falcon coupled with swelling energy costs are the prime profitability dampeners.