Tariq glass limited (TGL): FY23 CBS Takeaways – By Darson Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">TGL conducted their CBS today, 27 th October 2023 to shed light on the FY23 result. We summarize the following points from the session.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">To recall, The company posted a profit after tax of PKR2.5bn (EPS: PKR14.63) in FY23 vs a profit after tax of PKR4.1bn (EPS: PKR24.05) in the SPLY a decline of 39% YoY. Overall slowdown in the economy led to lower sales, higher interest rates, shutdown of plants, and higher raw material costs which were further exaggerated by PKR depreciation and supertax leading to such a sharp decline in the company&rsquo;s earnings.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Com...