Today’s report, covers financial result of Cherat Cement Company Limited (CHCC) for the 1QFY15 in detail.
PAT drop by 8%
Cherat Cement has posted profit after tax (PAT) of Rs 251 million (EPS: Rs 1.42) compared to Rs 273 million (EPS: Rs 1.54) during the same period last year. Lower results posted by the company mainly due to upward revision of tariff by the government. However, rising cement prices and better volumetric growth provide support. On QoQ basis, company growth also decline by 10% QoQ to Rs 251 million (EPS: Rs 1.42) in 1QFY15 versus Rs 281
million (EPS: Rs 1.59) in 4QFY14 owing to lower volumes and decline in other income.