Earnings Report /
Pakistan

AGP Limited: 3QCY21 review – Strong result despite an earnings miss

  • AGP has reported 3QCY21 EPS of PKR1.22, down 17% yoy and 12%qoq

  • Suspended sales to Afghanistan have led to the earnings miss. Sandoz Pakistan has been successfully consolidated

  • We reiterate our Buy stance on AGP with a TP of PKR140/sh.

Yusra Beg
Yusra Beg

Senior Investment Analyst

Intermarket Securities
29 October 2021