Attock Cement's yearly profits rise by 45%

Financial Results for the Year Ended June 30th 2018 ('000 Rupees)

Jun-18

Jun-17

% Change

Revenue

                     16,884,411

                     14,735,172

14.59%

Cost of Sales

                  (11,697,583)

                     (8,842,960)

32.28%

Gross Profit

                       5,186,828

                       5,892,212

-11.97%

Distribution cost

                     (1,170,970)

                        (903,531)

29.60%

Administrative expenses

                        (533,111)

                        (419,378)

27.12%

Other expenses

                        (163,000)

                        (333,645)

-51.15%

 Other income

                             60,804

                           236,632

-74.30%

 Profit from operations

                       3,380,551

                       4,472,290

-24.41%

Finance cost

                        (251,172)

                           (28,369)

785.37%

Profit before income tax

                       3,129,379

                       4,443,921

-29.58%

Income tax credit/(expense)

                       1,270,405

                     (1,409,864)

Profit for the year

                       4,399,784

                       3,034,057

45.01%

Earnings per share - basic and diluted (Rupees)

                               38.42

                               26.49

45.04%