Investing.com - Cherat Cement Company reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Cherat Cement Company announced earnings per share of ₨7.63 on revenue of ₨9.05. Analysts polled by Investing.com anticipated EPS of ₨3.30 on revenue of ₨7,053M.
Cherat Cement Company shares are down 16.97% from the beginning of the year and are trading at ₨121.50 , down-from-52-week-high.
Cherat Cement Company shares gained 2.53% in intra-day trade following the report.
Cherat Cement Company follows other major Materials sector earnings this month
Cherat Cement Company's report follows an earnings beat by Fauji Fertilizer Company on Thursday, who reported EPS of ₨7.68 on revenue of ₨30.69B, compared to forecasts EPS of ₨3.3 on revenue of ₨40.58B.
ICI Pakistan had beat expectations on Tuesday with first quarter EPS of ₨16.4 on revenue of ₨24.30B, compared to forecast for EPS of ₨13.28 on revenue of ₨20,967M.
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