ACPL’s profit margins slide down by 25% due to higher production cost

08:10
April 11, 2019
MG

April 11, 2019 (MLN): Attock Cement Pakistan Limited has posted net profits of Rs. 1.3 billion (EPS: Rs. 10.01) for the nine months ended March 31, 2019, i.e. approximately 25% lower as compared to the corresponding period last year.

The decline in earnings was a direct result of increase in cost of sales, which amplified by 54%. Regrettably, the increase in sales revenue by 36% failed to alleviate the negative impact of increased production costs on the gross profit margin.

More so, the finance costs also increased considerably, given higher interest rates and increased borrowing, which further dragged down the ultimate profits.

It is pertinent to mention that the financial results of the company were in line with market expectations, with Arif Habib Limited making the most accurate forecast.

Profit and loss account for the nine months ended March 31 2019 (Rupees'000)
	Mar-19	Mar-18	% Change
Revenue	16,150,866	11,857,346	36%
Cost of sales	-12,540,657	-8,162,259	54%
Gross profit	3,610,209	3,695,087	-2%
Distribution costs	-1,099,714	-471,904	133%
Administrative expenses	-379,981	-376333	1%
Other expenses	-102,500	-132,000	-22%
Other income	163,137	43,843	272%
Profit from operations	2,191,151	2,758,693	-21%
Finance cost	-485,277	-152,246	219%
Profit before income tax	1,705,874	2,606,447	-35%
Income tax expense	-329,678	-779,684	-58%
Profit for the period	1,376,196	1,826,763	-25%
Basic and diluted earnings per share (Rupees)	10.01	13.29	-25%

Copyright Mettis Link News

Posted on: 2019-04-11T13:10:00+05:00

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1	PKR	278.30000	278.50000	278.50000	278.30000	03:02 PM
2	EUR	1.06562	1.06564	1.06564	1.06562	06:45 AM
3	GBP	1.23500	1.23520	1.23520	1.23500	06:45 AM
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8	INR	83.34290	83.34480	83.34480	83.34290	06:45 AM
9	SAR	3.75070	3.75090	3.75090	3.75070	03:45 PM
10	AED	3.67260	3.67290	3.67290	3.67260	03:44 PM
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20	TRY	32.59700	32.60700	32.60700	32.59700	06:45 AM
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42	NGN	1,256.46000	1,257.46000	1,257.46000	1,256.46000	04:52 AM
43	KES	133.50000	135.50000	135.50000	133.50000	06:05 AM
44	AMD	364.10500	420.39600	420.39591	364.10545	09:00 PM
45	TWD	32.58900	32.59700	32.59700	32.58900	06:45 AM
46	XAU	2,302.75000	2,303.16000	2,303.16000	2,302.75000	06:45 AM
47	XAG	26.88140	26.88880	26.88880	26.88140	06:45 AM
48	XPT	909.25000	914.25000	914.25000	909.25000	03:45 PM
49	XPD	995.25000	1,005.25000	1,005.25000	995.25000	03:45 PM
2,120	VES	36.26120	36.34220	36.34216	36.26125	08:00 PM
2,212	UGX	3,769.64000	3,854.07000	3,854.07431	3,769.63744	09:00 PM
2,213	TZS	2,584.99000	2,585.01000	2,585.01500	2,584.98500	05:06 AM

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KSE30	23,685.35	23,566.856	23,534.69	0.501	0.002	105,573,405.0	8,986,071,297.870	0	23/04/2024 03:59 PM
KMI30	120,645.96	119,675.932	119,552.66	77.916	0.065	170,133,014.0	8,826,287,474.290	0	23/04/2024 03:59 PM
KMIALLSHR	33,523.95	33,318.567	33,318.59	-47.008	-0.141	507,934,291.0	19,679,577,561.630	0	23/04/2024 03:59 PM
BKTi	17,962.81	17,852.482	17,760.93	-63.214	-0.353	24,281,743.0	2,518,297,346.600	-1	23/04/2024 03:29 PM
OGTi	17,099.54	16,869.074	16,809.71	-50.514	-0.299	6,386,044.0	958,482,717.800	0	23/04/2024 03:58 PM

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