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AGP Limited (AGP): 9MCY22 Result Review: BUY Stance Maintained – By Abbasi Research

  • By: Abbasi & Company (Private) Limited

  • - Published: Friday, 21 October 2022
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<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">AGP has announced its 9MCY22 result where it posted profit after tax of Rs981mn (EPS: Rs3.5) as compared to profit after tax of Rs1,019mn (EPS: Rs3.64) in the same period last year, down by 3.8% YoY due to higher effective taxation.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The company has posted a revenue of Rs7.22bn against Rs5.20bn in SPLY, recording a growth of 38.9% YoY. We note that this surge is attributed to the increase in local volumetric sales.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The gross margin has been decreased to 51.4% as compared to 53.9% during SPLY on account of higher input cost related to devaluation of rupee, ...

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