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>Pakistan's listed cement sector reported record earnings of Rs22.4bn, up 8% YoY in 2QFY24. This earnings growth is primarily due to higher gross margins and other income.</li><li>Despite fall in cement dispatches, sector sales increased by 9% YoY to Rs179bn in 2QFY24, led by a 16% YoY increase in average cement prices.</li><li>Local dispatches declined by 12% YoY to 10.1mn tons in 2QFY24. However, the decline in total cement dispatches was restricted to 1% YoY, due to a 166% growth in cement exports in 2QFY24.</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>

Pakistan's listed cement sector reported record earnings of Rs22.4bn, up 8% YoY in 2QFY24. This earnings growth is primarily due to higher gross margins and other income.Despite fall in cement dispatches, sector sales increased by 9% YoY to Rs179bn in 2QFY24, led by a 16% YoY increase in average cement prices.Local dispatches declined by 12% YoY to 10.1mn tons in 2QFY24. However, the decline in total cement dispatches was restricted to 1% YoY, due to a 166% growth in cement exports in 2QFY24.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: Sector Reported Record Quarterly Profit in 2QFY24