CHCC | Cherat Cement is listed on the Pakistan Stock Exchange and is one of the largest cement manufacturers in Pakistan. It comes in comparison with cement manufacturers like lucky cement, Bestway Cement, and more. It comes in 59th place as the company with the largest market cap in Pakistan. Cherat Cement’s current market cap is around 22bn Rs and its share price has fallen around -7.1% as of May 2023 as compared to last year.
So as a savvy investor or business owner in Pakistan, you may have been eagerly awaiting the release of Cherat Cement CHCC earning details. The good news is that the company has just posted impressive financial results.
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Earning of Cherat Cement 2023:
The earnings per share (EPS) of UBL increased from PK₨5.48 in the third quarter of 2022 to PK₨6.55 in the third quarter of 2023. This represents a significant growth of 19% in net income and a remarkable 19% increase in revenue from the previous year.
Due to these financial results, the company’s profit margin is nearly the same 14% over the same period. The company’s profit margin is an important metric to track as it measures how much profit the company makes for every PK₨1 of revenue generated.
The Cherat Cement CHCC Revenue was in line with analyst estimates while the Earnings per share (EPS) missed analyst estimates by 7.5%.
Growth Rate of Cherat Cement CHCC:
Cherat Cement CHCC is forecasting a 6.4% average annual growth in revenue over the next three years. this is impressive as it’s still nearly 1.5x the industry average growth rate of 4.8% for the Basic Materials industry in Pakistan. This suggests that the company is doing well.
Share Price of Cherat Cement CHCC:
Despite the impressive financial results this year, there is one area where the Cherat Cement CHCC has fallen short – its share price. Over the last three years, earnings per share EPS have grown by an average of 82% per year. However, during the same period, the company’s share price has only increased by 8% per year. This means that the company’s share price has significantly lagged earnings growth.
Read about : UBL First Quarter Earning Released – 2023 vs 2022 Compared
In conclusion, the THIRD quarter 2023 earnings report for this company certainly causes for celebration. The company has posted impressive financial results, with strong growth in revenue, net income, and earnings per share. However, the underperformance of the company’s share price compared to earnings growth should give investors pause.
As always, it is important to do your own research before making any investment decisions.
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