$CHCC Cherat Cement Company Ltd. (CHCC): Earnings declined on lower prices – By AKD Research
$CHCC
Cherat Cement Company Limited
Rs. 309.98
-0.86%
- Revenue declined by 11%YoY to PkR9.4bn, mainly due to 13%YoY drop in local retention prices despite 11%YoY higher local offtakes. Notably, total offtakes declined by 2%YoY to 0.64mn tons due to lower exports amid Afghan border closure.
- Gross margins slightly improved to 36.3% from 36.0% in SPLY, driven by higher proportion of local sales in the mix.