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)

Equity Bottom-Up

<ul><li>Fauji Cement (FCCL) announced 3QFY24 earnings of Rs1.77bn (EPS of Rs0.72), which is down by 6% YoY and by 33% QoQ. The result came in line with industry expectations.</li><li>This takes 9MFY24 earnings to Rs7.04bn (EPS of Rs2.87), up 1% YoY.</li><li>Earnings in 3QFY24 are down by 6% YoY due to lower gross margins, higher distribution expenses, and increase in effective tax rate.</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>

Fauji Cement (FCCL) announced 3QFY24 earnings of Rs1.77bn (EPS of Rs0.72), which is down by 6% YoY and by 33% QoQ. The result came in line with industry expectations.This takes 9MFY24 earnings to Rs7.04bn (EPS of Rs2.87), up 1% YoY.Earnings in 3QFY24 are down by 6% YoY due to lower gross margins, higher distribution expenses, and increase in effective tax rate.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.

Fauji Cement (FCCL): 3QFY24 EPS at Rs0.72, Down by 6% YoY