Pakistan International Bulk Terminal’s Imported Coal handling increased 19%YoY in 1QFY22 to 2.76mn tons. However, on quarterly basis, Coal handling declined by 5% compared to June-2021 position.

Increased demand from cement sector amid higher production levels, higher import by traders to maintain inventory amid high prices and increased demand from Captive Power Plants led to higher coal imports.

PIBTL capacity utilization has increased to 92% at September-2021 end.

Due to Rupee depreciation during the quarter, PIBTL is expected to post better margins as its revenue is based in US$. However, this is expected to be offset by Exchange loss on its Foreign Currency Loan.

Analyst believe that Total Revenue for the quarter is estimated at $75mn.

PIBTL is all set to post growth in volume handling of the Coal in next two to three years period as higher coal imports by cement and textile sectors, improved economic outlook and Coal Based Power Plants coming online.

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