<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">We preview 2QCY25 earnings for AGP Limited (AGP), where we expect the company to post consolidated earnings of
Rs725mn (+90% YoY), translating into an EPS of Rs2.59. Cumulatively, earnings during 1HCY25 are likely to arrive at
Rs1.58bn, up 2x YoY.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Despite the robust YoY growth, earnings are likely to witness a 15% QoQ dip mainly led by the seasonality of sales mix
impacting the volumes and margins during summers. We expect gross margins to remain flat on a QoQ basis.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">AGP has rallied 12.9% CYTD, underperforming KSE-100 index 7.6%, we believe this underperforma...
