<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Pioneer Cement Company Ltd. (PIOC) announced its FY23
results today wherein the company reported profit after tax of PKR 2,611mn
(EPS: PKR 11.5) as compared to a profit of PKR 1,050mn (EPS: PKR 4.62) in FY22,
up by 149% YoY.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Sequentially the company posted a loss of PKR 100mn
(LPS:0.44) in 4QFY23 compared to a loss of PKR 578mn (EPS:2.5) in SPLY, and a
profit of PKR 950mn in 3QFY23. Substantial decline in profits was mainly on
account of super tax.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Local offtakes declined by 20% YoY basis, whereas net sales
showed a decent growth of 13% YoY arriving at PK...
