External broker reports(aggregated public sources), Topline Securities

Topline Securities

Topline Securities is one of the fastest growing brokerage houses in Pakistan. It has strong equity brokerage, economic / equity research, mutual fund distribution, commodity trading and corporate finance & advisory functions. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Thematic (Sector/Industry)

Pakistan Construction materials / Thematic (Sector/Industry)

<ul><li>Pakistan's listed cement sector reported earnings of Rs34.7bn, up by 55% YoY and by 44% QoQ. QoQ increase in earnings is mainly due to QoQ improvement in gross margins.</li><li>Sales for the cement sector increased by 21% QoQ and by 10% YoY to Rs196.8bn in 2QFY25. Sector revenue increased on a QoQ basis due to QoQ increase in total dispatches.</li><li>Domestic dispatches declined by 1% YoY and increased by 23% QoQ to 9.9mn tons in 2QFY25. While avg. bag prices declined QoQ at Rs1,447 vs. Rs1,515 in North and remained almost flat QoQ at Rs1,391 vs Rs1,388 in South.</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 earnings of Rs34.7bn, up by 55% YoY and by 44% QoQ. QoQ increase in earnings is mainly due to QoQ improvement in gross margins.Sales for the cement sector increased by 21% QoQ and by 10% YoY to Rs196.8bn in 2QFY25. Sector revenue increased on a QoQ basis due to QoQ increase in total dispatches.Domestic dispatches declined by 1% YoY and increased by 23% QoQ to 9.9mn tons in 2QFY25. While avg. bag prices declined QoQ at Rs1,447 vs. Rs1,515 in North and remained almost flat QoQ at Rs1,391 vs Rs1,388 in South.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 Cements: Sector Profits Increase 44% on QoQ Basis in 2QFY25