Attock Cement Pakistan (ACPL) held its corporate briefing to discuss its FY24 and 1QFY25 financial results and future outlook. Following are the key highlights:

Company posted topline of PKR28.5 billion for FY24 as compared to PKR25.4 billion for FY23, up 12%YoY, mainly due to higher offtakes.

Company’s earnings were reported at PKR3.6 billion (EPS: PKR25.9) for FY24 as against PKR1.5 billion (EPS: PKR11.0) for FY23. The said increase was largely attributed to divestment gains of PKR4.3 billion (pre-tax) from the sale of its subsidiary, ‘Saqr Al Keetan Cement production company in Iraq for US$23.4 million.

Earnings for 1QFY25 were recorded at PKR62 million (EPS: PKR0.45) as compared to PKR1.5........

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