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Pioneer Cement Limited (PIOC): Analyst Briefing Takeaways – By Foundation Research

  • By: Foundation Securities (Pvt.) Limited

  • - Published: Tuesday, 26 November 2024
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<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Pioneer Cement Limited (PIOC PA) held its analyst briefing today to discuss financial/operational performance and outlook of the company.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Pioneer Cement Limited (PIOC PA) reported profitability of Rs1.0Bn (EPS Rs4.5, up 9% YoY) in 1QFY25 as compared to Rs933Mn (EPS Rs4.1) in 1QFY24. The company earned a profit of Rs5.2Bn (EPS Rs22.8) in FY24 as against profit of Rs2.6bn (EPS Rs11.5) in FY23. PIOC also distributed a dividend of Rs15/sh in FY24.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">As per the management, current retention is Rs16,890/ton as compared to previous six weeks where the retention was...

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