Earnings Report /

Pioneer Cement: 1QFY22 review – Decent earnings amid better cost efficiencies

  • PIOC has posted NPAT of PKR480mn (EPS: PKR2.12) for 1QFY22, from a loss of PKR40mn (LPS: PKR0.17) in 1QFY21.

  • Gross margins have increased by 16ppt yoy and 0.5ppt qoq to 23.6% in 1QFY22, mainly attributable to lower variable cost.

  • PIOC has posted decent gross margins in 3Q. We expect that the margins and earnings will increase going forward

Intermarket Securities
28 October 2021