Attock Cement Pakistan Limited Result Review 9MFY16 - By Arif Research

<p><strong><span style="font-size:small;">By,&nbsp;Tahir Abbas, Arif Research.</span></strong></p><p><strong><span style="font-size:small;"></span></strong></p><ul><li><span style="font-size:small;">In its 3QFY16 financial results announced today, Attock Cement Pakistan Limited (ACPL) posted profitability of PKR 941mn (EPS: PKR 8.22), a massive 40% jump QoQ, taking 9MFY16 earnings to PKR 2,094mn (EPS: PKR 18.28) in contrast to PKR 1,644mn (EPS: PKR 14.35) in SPLY, up 27% YoY.</span></li></ul><ul><li><span style="font-size:small;">The company&rsquo;s topline registered an 11% QoQ escalation in its topline during 3QFY16, mainly on account of an identical uptick in total cement dispatches to 550K tons coupled with stagnant cement prices QoQ.</span></li></ul><ul><li><span style="font-size:small;">Gross margins of ACPL jumped by 9ppts QoQ...