Friday, September 9, 2011

Attock Cement Company Ltd. (ACPL)- FY11 Result Preview

Attock Cement Company Ltd. (ACPL)- FY11 Result Preview
Attock Cement Ltd. (ACPL) is scheduled to announce its FY11 result on September 12, 2011. We expect the company to post PAT of Rs696mn (EPS: 8.03) for FY11 versus PAT of Rs1,017 mn (EPS: 11.74) in corresponding period last year, massive decline of (-32% YoY).  Company’s profitability in 4Q11 likely to improve by (+42% QoQ) translating into PAT of Rs270mn (EPS: 3.12) versus PAT of Rs190 mn (EPS: 2.20) in 3Q11. Moreover we expect company to announce final cash dividend of Rs4/ share and 10% stock dividend.

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