Earnings Report /

Pakistan Steel: 4Q preview – Profits to decelerate amid supertax, lower volumes

  • IMS Steel Universe underperformed KSE-100 Index by 16.5ppt, mainly due to lower volumes & primary margins going forward.

  • IMS Steel Universe is expected to post cumulative NPAT of c.PKR1.6bn in 4QFY22, down 34% QoQ

  • We have a strong preference for MUGHAL for its diversification into non-ferrous segment.

Ali Aziz Soorty
Intermarket Securities
17 August 2022


Tellimer | Start Following

Start following your markets today

Follow your key analysts, markets and more so they appear here in your Watchlist - allowing you to keep an eye on the latest updates.