Karachi: Cherat Cement Company Ltd (CHCC) is expected to see a rise in earnings for the second quarter of the fiscal year 2025, while Lucky Cement Ltd (LUCK) is projected to experience a decline, according to recent forecasts.
According to a statement by JS Global, CHCC is anticipated to post earnings of Rs10.1 per share, marking a 5% year-over-year increase. This growth is projected despite a 10% decline in local dispatches. The expected rise in earnings is attributed to higher retention prices in the North and the absence of royalty charges, which have impacted other Punjab-based companies.
In contrast, Lucky Cement is expected to report a decrease in earnings per share, estimated at Rs20.2, down 13% from the previous year. This decrease is mainly due to a reduction in gross margins by 3.9 percentage points, driven by an increase in exports in the sales mix and a drop in other income by 18% year-over-year. However, on a consolidated basis, LUCK is expected to post an EPS of Rs63.7, reflecting a 6% year-over-year increase.
Both companies are reportedly well-positioned to benefit from the absence of royalty charges, a factor that continues to affect their Punjab-based counterparts.
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