Earnings Report /
Pakistan

DG Khan Cement: 1QFY22 review – elevated margins lead to earnings miss

  • DGKC has posted an unconsolidated NPAT of PKR0.91bn (EPS: PKR2.07) in 1QFY22 vs NLAT of PKR0.35bn (LPS: PKR0.80) in SPLY

  • GMs have clocked in at 18.8% (up 9.2ppt yoy and 1.2ppt qoq), the increase in GMs is due to much higher retention prices

  • Despite the significant cost & sales volume pressure, DGKC has posted decent result, thanks to elevated retention prices

Intermarket Securities
25 October 2021