<ul><li><span lang="en-PK" style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">To recall, GWCL announced financial results
for 1QFY22 wherein company reported unconsolidated earnings of PKR 387mn (EPS:
PKR 0.97) as compared to PAT of PKR 263mn (EPS: PKR 0.66) SPLY, owing to higher
retention price.</span></li><li><span lang="en-PK" style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Currently the cost of carrying coal
inventory is ~$133 per ton on average (CNF Karachi). While the retention prices
is PKR 9,200 per ton which management believe is better than other industry
peers.</span></li><li><span lang="en-PK" style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Commenting on the taxes on underutilized
capacities, management said they are waiting for further clarity from FBR.
However, th...
