External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Thematic (Sector/Industry)

Pakistan Construction materials / Thematic (Sector/Industry)

<ul><li>Topline Cement Universe is expected to post profitability of Rs16.5bn in 2QFY25 against profit of Rs15.4bn in 1QFY25, up by 7% QoQ, mainly due to higher domestic dispatches.</li><li>QoQ profitability is also higher due to 22% lower QoQ expected finance costs.</li><li>On a QoQ basis, impact of higher domestic dispatches and lower coal costs have been slightly mitigated by lower retention prices, especially in North region.</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>

Topline Cement Universe is expected to post profitability of Rs16.5bn in 2QFY25 against profit of Rs15.4bn in 1QFY25, up by 7% QoQ, mainly due to higher domestic dispatches.QoQ profitability is also higher due to 22% lower QoQ expected finance costs.On a QoQ basis, impact of higher domestic dispatches and lower coal costs have been slightly mitigated by lower retention prices, especially in North region.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.

Pakistan Cement: Cement Profitability Likely to Increase by 7% QoQ in 2QFY25