Earnings Report /
Pakistan

AGP Limited: 2QCY21 review – Sales cross the PKR2bn per quarter mark

  • AGP has reported 2QCY21 EPS of PKR1.39, up 21% yoy and flat qoq

  • Sales crossed the PKR2bn/quarter mark led by Sputnik V and strong core performance

  • AGP trades at a CY22f P/E of 8.5x. We have a TP of PKR142/sh which implies a Buy rating

Yusra Beg
Yusra Beg

Senior Investment Analyst

Intermarket Securities
26 August 2021