External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>DG Khan Cement (DGKC) announced its 4QFY23 financial result today, where company reported loss of Rs5,748mn (LPS: Rs13.12) in 4QFY23. This takes full year FY23 loss to Rs3,636mn (LPS: Rs8.30) vs profit of Rs2,972mn (EPS: Rs6.78)</li><li>The result came below industry expectations as market was expecting a profit of Rs906mn (EPS: Rs2.07) for 4QFY23. The below expected result was primarily due to higher than expected tax expense.</li><li>DGKC recorded tax expense of Rs5,754mn in 4QFY23. This significant tax expense is due to imposition of super tax on FY23 earnings and deferred tax liability, we believe.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

DG Khan Cement (DGKC) announced its 4QFY23 financial result today, where company reported loss of Rs5,748mn (LPS: Rs13.12) in 4QFY23. This takes full year FY23 loss to Rs3,636mn (LPS: Rs8.30) vs profit of Rs2,972mn (EPS: Rs6.78)The result came below industry expectations as market was expecting a profit of Rs906mn (EPS: Rs2.07) for 4QFY23. The below expected result was primarily due to higher than expected tax expense.DGKC recorded tax expense of Rs5,754mn in 4QFY23. This significant tax expense is due to imposition of super tax on FY23 earnings and deferred tax liability, we believe.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

DG Khan Cement (DGKC): 4QFY23 LPS at Rs13.12 vs. 4QFY22 LPS of Rs1.48 (Result below expectations)

D.G. Khan Cement

DG Khan Cement (DGKC): 4QFY23 LPS at Rs13.12 vs. 4QFY22 LPS of Rs1.48 (Result below expectations)