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Attock Cement Pakistan Limited (ACPL): Dispatches to remain dull in FY25 – By JS Research

  • By: JS Global Capital Limited

  • - Published: Thursday, 21 November 2024
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<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Attock Cement Pakistan Limited (ACPL) conducted its Corporate Briefing yesterday to discuss FY24 and 1QFY25 results and outlook of the company. To recall, the company posted an EPS of Rs25.96 in FY24, up 2.4x YoY, primarily driven by a gain on divestment of Rs~4.3bn, on its subsidiary in Iraq. Meanwhile, the company posted an EPS of Rs0.45 in 1QFY25, down 96% YoY.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The management highlighted that the company is in process of installing a 4.8MW wind power plant, incurring a CapEx of US$4.5mn which is likely to commence operations in 3QFY25. This plant will reduce the reliance on grid consumption, currently hovering around 15-20%.</span></li></ul><ul><l...

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