Earnings Report /

ICI Pakistan: 4QFY22 Result Review - Higher margins beat expectations

  • ICI posted consolidated net profit of PKR663mn for 4QFY22 (EPS: PKR7.18) against our estimate of PKR4.90

  • Gross margin dipped slightly by c.1.5ppt QoQ to 20.36%, slightly higher than our estimate of 19.5%

  • Despite the company’s intention to acquire 75% stake in LOTCHEM, management declared a final payout of PKR15/sh

Ali Aziz Soorty
Intermarket Securities
2 August 2022


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