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>FCCL announced its 4QFY24 result today, where the company recorded earnings of Rs1.18bn (EPS of Rs0.48), up by 151% YoY.</li><li>The result came below expectations in 4QFY24 due to higher than expected effective tax rate for the company.</li><li>Alongside the result, the company announced final cash dividend of Rs1.0/share in 4QFY24, which was above industry expectations.</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>

FCCL announced its 4QFY24 result today, where the company recorded earnings of Rs1.18bn (EPS of Rs0.48), up by 151% YoY.The result came below expectations in 4QFY24 due to higher than expected effective tax rate for the company.Alongside the result, the company announced final cash dividend of Rs1.0/share in 4QFY24, which was above industry expectations.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): 4QFY24 EPS at Rs0.48, FY24 EPS at Rs3.35 (Earnings Below Expectations)