External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Equity Bottom-Up

Pak Elektron Limited (Pael) / Equity Bottom-Up

<ul><li>Pak Elektorn Limited (PAEL) announced its 4Q2023 result today, wherein company posted a PAT of Rs378mn (EPS of Rs0.4) vs loss of Rs431mn (LPS of Rs0.5) in 4Q2022. This takes full year 2023 earnings to Rs1.3bn (EPS of Rs1.5) up 24% YoY. The result came in line with industry expectations.</li><li>PAEL recorded topline of Rs8.0bn in 4Q2023, down 19% QoQ and 11% YoY due to lower volumetric sales.</li><li>In the full year 2023, PAEL recorded revenue of Rs38.7bn which is a decline of 26% YoY. Main reason for declined revenue is lower volumetric sales of Appliances amid LC issues.</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>

Pak Elektorn Limited (PAEL) announced its 4Q2023 result today, wherein company posted a PAT of Rs378mn (EPS of Rs0.4) vs loss of Rs431mn (LPS of Rs0.5) in 4Q2022. This takes full year 2023 earnings to Rs1.3bn (EPS of Rs1.5) up 24% YoY. The result came in line with industry expectations.PAEL recorded topline of Rs8.0bn in 4Q2023, down 19% QoQ and 11% YoY due to lower volumetric sales.In the full year 2023, PAEL recorded revenue of Rs38.7bn which is a decline of 26% YoY. Main reason for declined revenue is lower volumetric sales of Appliances amid LC issues.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.

Pakistan Equity - Result Review; PAEL 4Q2023 EPS at Rs0.4; 2023 EPS at Rs1.5 +24% YoY