Attock Cement Pakistan Limited (ACPL): 1QFY25 EPS clocked-in at PKR 0.5, PAT down 1.0xQoQ - By Taurus Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">1QFY25 &ndash; EPS: PKR 0.5, PAT: ~PKR 62Mn, down ~96% over the SPLY - below expectations</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">ACPL&rsquo;s net sales clocked-in at ~PKR 6.4Bn in 1QFY25, down 6%QoQ due to drop in domestic sales by 8%QoQ amid lower construction demand. However, exports sales were up by 4%QoQ on account of tapping new destinations i.e. mainly African countries. Gross margin hovered around ~17%, down 1pptsQoQ. Moreover, selling and distribution expenses went up significantly by 55%QoQ on the back of higher freight and transportation cost. Net earnings arrived at ~PKR 62Mn, down 1.0xQoQ as the Company had already booked all the gains from the sale of its subsidiary (contrar...