Earnings Report /

Cherat Cement: 1QFY22 review – lower than expected COGS leads to earnings beat

  • CHCC has posted 1QFY22 NPAT of PKR1.2bn (EPS: PKR6.14) up 3.9x yoy and 21% qoq. lower COGS leads to better profitability

  • Despite the decline in sales volumes by 1%/17% yoy/qoq, Revenue has increased by 37%/6% yoy/qoq to PKR7.16bn in 1QFY22

  • Like other cement companies, CHCC has post decent result for 1Q and beat market expectations

Intermarket Securities
27 October 2021