Growth Analysis of Cement Sector

Labor in Pakistan

As majority of the liquid cement companies have announced its results, so we are analyzing financials of 1HFY15 in which we include 9 listed companies. Our sample companies represent 90% of sector market capitalization. Earnings surge by 14% in 1HFY15 Earning momentum of the top listed companies continued in 1HFY15 as companies profit after taxation … Read more

1HFY15: E&P Earnings plunges by 25%

Fixed Deposits

Cumulative earnings of the Exploration & Production (E&P) companies (OGDC, PPL & POL) witnessed a decline by 25% to Rs 75.31 billion during 1HFY15 as against Rs 100.63 billion same period last year. Host of factor responsible for decline in earnings remain 1) lower oil prices which plunge by 17% YoY on average, 2) slight … Read more

BAFL: CY14 Result Preview

Bank Al Falah Logo

Bank Alfalah Limited (BAFL) is scheduled to hold its board meeting on Thursday, 26 February 2015 in UAE to announce its CY14 results. Our expectations of bank on unconsolidated basis are as follows. Earning momentum to carry on BAFL likely to show profit after tax of Rs 5.49 billion in CY14 (EPS: Rs 4.07) compared … Read more

Result Preview: DGKC

Cement Industry

In our today’s morning report we will present result previews of D.G. Khan Cement Company limited for 1HFY15 which will announce result on 17th February, 2015. Higher effective taxation would restricts profitability growth We expect DGKC to post marginal earnings growth of 2% as profit after tax to surge at Rs 2.71 billion which translates … Read more

Result Preview: FCCL

FFCL - Cement

In our today’s morning report we will discuss the upcoming board meeting of Fauji Cement Company Limited for the 1HFY15 which is scheduled on Feb 16, 2015, following are the details. Earnings growth to continue FCCL profitability is expected to continue as company to post 17% growth to Rs 1,463 million (EPS: Rs 1.10) against … Read more

Result Preview: MCB CY14


MCB Bank Ltd is scheduled to hold its board meeting on Thursday February 12, 2015. Our expectations for unconsolidated accounts of MCB are as follows. Double digit earnings growth likely seen We expect MCB earnings to sure by 12% to Rs 24.14 billion (EPS: Rs 21.69) compared to Rs 21.49 billion (EPS: Rs 19.31) in … Read more

PTCL: CY14 Result Preview

PTCL - Pakistan Telecommunication Limited

Pakistan Telecommunication Company Limited (PTCL) is going to announce its results for year ended December 31, 2014 on 10th February 2015. Below we are presenting our result expectation. Profitability growth to decline On unconsolidated basis, PTC is expected to post bottom line of Rs 10.65 billion (EPS:Rs 2.09) in CY14 compared to Rs 12.69 billion … Read more

ABL: CY14 Result Preview

Allied Bank Pakistan

Allied Bank Limited (ABL) is scheduled to hold its board meeting on Tuesday, 10th February, 2015 to announce its CY14 results. In today’s Morning report we are discussing our expectations of ABL’s unconsolidated accounts which are as follows. Profitability to increase by 10% We expect ABL to post higher earnings growth of 10% as profit … Read more

EFERT: Result Preview for CY14

The meeting of the board directors of Engro Fertilizer Company Limited (EFERT) is scheduled to be taken place on 9th February, 2015. Earnings likely to increase by 45% On back of higher volumetric sales of Urea along with likely increase in other income and lower finance cost, Engro Fertilizer is expected to earn a profit … Read more

OGDC: Result Preview for 1HFY15

Oil & Gas Development Company limited (OGDC) is going to announce its results for1HFY15 on February 4, 2014. Below we are presenting our results anticipation. Earning likely to down 25% Company profit after taxation is expected to dip by 25% to Rs 50.74 billion (EPS: Rs 11.80) during 1HFY15 as against Rs 67.22 billion (EPS: … Read more