Gharibwal Cement Ltd (GWLC): FY23 Analyst Briefing Takeaways – By AKD Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Gharibwal Cement Ltd (GWLC) held its corporate briefing earlier today to apprise investors on their FY23 financial results and future outlook of the company. Following are the key highlights of the call:</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">To recall, company posted earnings of PkR3.1/sh in FY23 vs. PkR3.4/sh in the previous year where the decline was primarily because of gross margins&rsquo; contraction.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Average selling price of cement surged to PkR13.6k/ton in FY23 from the previous year's PkR9.6k/ton. This upward trend continued into 1QFY24, with prices reaching PkR14.6k/ton. Management ap...