Earnings Report /
Pakistan

Cherat Cement: 4QFY21 review – Decent earnings despite cost pressure; in line with expectation

  • CHCC has posted 4QFY21 NPAT of PKR0.98bn (EPS: PKR5.06), in line with our expected earnings of PKR985mn (EPS: PKR5.07)

  • GMs clocked in at 27.8% (up 35ppt yoy and down 3ppt qoq), vs our estimated gross margins of 27.3%.

  • This is a decent result where gross margins have risen yoy despite steep increase in international coal and oil prices

Intermarket Securities
26 August 2021