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  • Cement: DGKC - 9MFY11 Financial Performance Preview

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    Muhammad Sarfraz Abbasi
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    D.G. Khan Cement Company Ltd (DGKC) is scheduled to announce its operating results for 9MFY11 on Monday 25th April’11. We expect company to post Profit after Tax (PAT) of PKR398m translating into an EPS of PKR1.09, posting a modest growth of 3% YoY against the corresponding period of last year when company had recorded PAT of PKR388m and EPS of PKR1.06 respectively. In this report we will present our result expectations and future outlook.

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    D.G. Khan Cement Company Ltd (DGKC) is scheduled to announce its operating results for 9MFY11 on Monday 25th April’11. We expect company to post Profit after Tax (PAT) of PKR398m translating into an EPS of PKR1.09, posting a modest growth of 3% YoY against the corresponding period of last year when company had recorded PAT of PKR388m and EPS of PKR1.06 respectively. In this report we will present our result expectations and future outlook.

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    11 views1 page

    Cement: DGKC - 9MFY11 Financial Performance Preview

    Uploaded by

    Muhammad Sarfraz Abbasi
    D.G. Khan Cement Company Ltd (DGKC) is scheduled to announce its operating results for 9MFY11 on Monday 25th April’11. We expect company to post Profit after Tax (PAT) of PKR398m translating into an EPS of PKR1.09, posting a modest growth of 3% YoY against the corresponding period of last year when company had recorded PAT of PKR388m and EPS of PKR1.06 respectively. In this report we will present our result expectations and future outlook.

    Copyright:

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    Download as PDF, TXT or read online from Scribd
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    Flash Note April 25, 2011

    Cement Sector: D.G. Khan Cement (DGKC) Results Update for


    9MFY11…
    Pakistan Research

    DGKC has announced its 9MFY11 financial results today. Earnings of the company
    substantially declined by 54% YoY as the company has posted PAT of PKR177m and
    EPS of PRs0.49 against PAT of PKR388m (EPS of PKR1.06) in the corresponding
    period of last year. The decline in bottom line is attributed to i) sharp increase of
    106% YoY in operating expenses ii) rise of 9% YoY in financial cost iii) company paid
    taxes at an effective tax rate of 58% to PKR246m against PKR55m (effective tax rate
    of 13%) in corresponding period of the last year.

    (PKRm) 9MFY10A 9MFY11A Chg


    Sales 11,851 13,078 10%
    Gross Profit 2,112 2,947 40%
    Other income 703 778 11%
    EBIT 1,865 1,979 6%
    Financial charges 1,422 1,555 9%
    Profit before Tax 444 423 -5%
    Summit Capital (Pvt.) Ltd
    Profit after tax 388 177 -54%
    B-209, Park Towers, Clifton, Karachi
    EPS (Basic) 1.06 0.49 Equity Research: Equity Sales:
    Tel: 92 (21) 5376125 Tel: 92 (21) 5368261-8
    Source: Company accounts, Summit Capital Research Fax: 92 (21) 5376126 Fax: 92 (21) 5376122
    Money Market: Corporate Finance:
    Tel: 92 (21) 5376128 Tel: 92 (21) 5824991
    Fax: 92 (21) 5376129 Fax: 92 (21) 5376122

    Muhammad Sarfraz Abbasi Financial Products Distribution:


    Tel: 92 (21) 5376125
    sarfraz.abbasi@summitcapital.com.pk Fax: 92 (21) 5376126

    PABX - 9221-111-226-100 (ext: 404)

    Disclaimer: All information contained in this publication has been researched and compiled from sources believed to be accurate and reliable at the time of publishing. However, in view of the natural scope for human and/or
    mechanical error, either at source or during production, Summit Capital (Pvt.) Limited accepts no liability whatsoever for any loss or damage resulting from errors, inaccuracies or omissions affecting any part of the publication. All
    information is provided without warranty and Summit Capital (Pvt.) Limited makes no representation of warranty of any kind as to the accuracy or completeness of any information hereto contained.

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