Earnings Report /
Pakistan

Interloop Ltd: 4QFY21 Result Review: Good end to a strong year; in-line

  • ILP posted an EPS of PKR2.06 for 4QFY21, (broadly in-line), along with a final DPS of PKR1.0 and 3% bonus issue

  • GMs declined c.5ppt qoq, due to normalizing of inventory gains and greater Denim segment sales, in our view

  • We have a Buy rating on ILP with a June’21 TP of PKR90/sh amid strong order flows till the end of 2021

Abdul Ghani Mianoor
Intermarket Securities
15 September 2021