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Q1 cement sector profits likely to rise 16pc to Rs32.4bn YoY
KARACHI: Profitability of the topline cement universe is expected to increase 16 percent year-on-year (YoY) to Rs32.4 billion in 1QFY27 from Rs27.8 billion in 1QFY26, according to Topline Research. The research house expects sector profitability to increase 16 percent quarter-on-quarter (QoQ) as well. The YoY increase is primarily attributed to higher net sales amid increased retention prices, while the QoQ increase is expected to be driven by higher other income, mainly due to dividend income from Lucky Electric Power Company Limited (LEPCL) to Lucky Cement (LUCK). Net sales of the cement uni...
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