Cherat Cement’s profits decline by 23% on account of lower sales revenue

05:55
February 14, 2019
MG

February 14, 2019 (MLN): Cherat Cement Company Limited’s profits for the half year ended December 31, 2018 have decline by 23%, mainly on account of reduction in the company’s topline earnings and growth in operating expenses, creating a twofold impact on the financial position of the company.

On top of this, the finance cost amplified by 25% whereas absence of tax rebates led to the company paying taxes of Rs. 299 million this year, as compared to Rs. 99000 only in the corresponding period last year.

The EPS of the company was reported at Rs. 5.82 for the said period.

Profit and loss account for the six months ended December 31 2018 (Rupees'000)
	Dec-18	Dec-17	% Change
Turnover — net	7,032,961	7,585,921	-7.29%
Cost of sales	-5,765,958	-5,724,718	0.72%
Gross profit	1,267,003	1,861,203	-31.93%
Distribution costs	-191,078	-165,220	15.65%
Administrative expenses	-147,172	-119,772	22.88%
Other expenses	-44,126	-81,768	-46.04%
	-382,376	-366,760	4.26%
Other income	71,097	37,357	90.32%
Operating profit	955,724	1,531,800	-37.61%
Finance costs	-227,837	-182,341	24.95%
Profit before taxation	727,887	1,349,459	-46.06%
Taxation
Current		-20,817
Prior	145,014	81,844	77.18%
Deferred	154,528	-60,928
	299,542	99
Net profit for the period	1,027,429	1,349,558	-23.87%
Earnings per share — basic and diluted	5.82	7.64

Copyright Mettis Link News

Posted on: 2019-02-14T10:55:00+05:00

26078

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1	PKR	278.60000	278.80000	278.80000	278.60000	01:02 PM
2	EUR	1.06946	1.06951	1.06951	1.06946	01:27 PM
3	GBP	1.24869	1.24875	1.24875	1.24869	01:27 PM
4	CHF	0.91360	0.91400	0.91400	0.91360	01:27 PM
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6	CAD	1.36680	1.36730	1.36730	1.36680	01:27 PM
7	AUD	0.65318	0.65322	0.65322	0.65318	01:27 PM
8	INR	83.40780	83.40830	83.40830	83.40780	01:27 PM
9	SAR	3.75050	3.75070	3.75070	3.75050	10:27 PM
10	AED	3.67280	3.67310	3.67310	3.67280	10:27 PM
11	HKD	7.82840	7.82850	7.82850	7.82840	01:27 PM
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13	CNY	7.23930	7.24050	7.24050	7.23930	11:15 PM
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17	SGD	1.36219	1.36230	1.36230	1.36219	01:27 PM
18	NZD	0.59418	0.59424	0.59424	0.59418	01:27 PM
19	MXN	17.12280	17.15280	17.15280	17.12280	01:27 PM
20	TRY	32.44660	32.45660	32.45660	32.44660	01:27 PM
21	SEK	10.94080	10.94260	10.94260	10.94076	01:27 PM
22	ZAR	18.80440	18.81440	18.81444	18.80437	01:27 PM
23	NOK	11.03200	11.03530	11.03528	11.03197	01:27 PM
24	DKK	6.97297	6.97347	6.97347	6.97297	01:27 PM
25	ARS	874.75800	874.76800	874.76830	874.75830	01:27 PM
26	BDT	108.01100	111.36500	111.36523	108.01142	07:19 AM
27	BHD	0.37698	0.37713	0.37713	0.37698	06:54 PM
28	BRL	5.11540	5.11840	5.11840	5.11540	01:27 PM
29	KRW	1,376.95000	1,377.44000	1,377.44000	1,376.95000	01:27 PM
30	KWD	0.30808	0.30818	0.30818	0.30808	10:26 PM
31	LKR	292.57900	299.10100	299.10051	292.57908	07:19 AM
32	OMR	0.38494	0.38509	0.38509	0.38494	06:55 PM
33	QAR	3.64600	3.64800	3.64800	3.64600	10:26 PM
34	RUB	92.27000	92.29000	92.29000	92.27000	08:00 PM
35	AFN	71.15810	73.02130	73.02133	71.15807	07:19 AM
36	AZN	1.70000	1.70000	1.70000	1.70000	06:54 AM
37	TMT	3.35000	3.65000	3.65000	3.35000	08:00 PM
38	MVR	15.26000	15.66000	15.66000	15.26000	08:00 PM
39	UZS	12,600.10000	12,665.30000	12,665.30340	12,600.09037	07:19 AM
40	PHP	57.70400	57.77200	57.77200	57.70400	01:27 PM
42	NGN	1,305.72000	1,306.72000	1,306.72000	1,305.72000	07:26 AM
43	KES	134.00000	136.00000	136.00000	134.00000	08:19 AM
44	AMD	388.08000	388.08000	388.08000	388.08000	08:16 AM
45	TWD	32.57580	32.60580	32.60580	32.57580	01:27 PM
46	XAU	2,336.08000	2,336.47000	2,336.47000	2,336.08000	01:27 PM
47	XAG	27.24620	27.25190	27.25190	27.24620	01:27 PM
48	XPT	914.35000	915.85000	915.80000	914.40000	10:26 PM
49	XPD	953.56300	960.44700	960.44720	953.56280	10:27 PM
2,120	VES	36.33200	36.42320	36.42315	36.33204	08:00 PM
2,212	UGX	3,770.25000	3,854.09000	3,854.09049	3,770.24515	07:19 AM
2,213	TZS	2,589.99000	2,590.01000	2,590.01500	2,589.98500	06:47 AM

Data is delayed by 20 minutes

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Name	High	Current	Low	Change	% Change	Volume	Value	DateTime
KSE100	72,862.41	72,742.748	71,764.18	771.347	1.072	302,352,233.0	14,307,377,262.460	26/04/2024 05:12 PM
ALLSHR	47,721.89	47,489.465	47,040.09	314.510	0.667	540,778,150.0	22,562,380,076.020	26/04/2024 05:12 PM
KSE30	24,069.72	24,033.869	23,676.59	284.824	1.199	79,764,833.0	9,454,683,795.040	26/04/2024 05:12 PM
KMI30	122,624.63	122,414.850	120,539.93	1,511.894	1.251	130,473,781.0	8,715,975,575.960	26/04/2024 05:12 PM
KMIALLSHR	34,120.82	34,003.274	33,623.23	303.834	0.902	336,036,323.0	17,261,793,362.150	26/04/2024 05:12 PM
BKTi	18,098.00	18,061.700	17,783.46	189.341	1.059	12,829,416.0	1,502,941,695.300	26/04/2024 05:12 PM
OGTi	17,165.47	17,018.023	16,915.39	-13.038	-0.077	13,158,963.0	1,843,356,910.500	26/04/2024 05:12 PM

Data is delayed by 20 minutes

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Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	64,180.0	65,395.0	63,775.0	-1,090.00
BRENT CRUDE	EB	89.4	89.8	88.8	0.41
RICHARDS BAY COAL MONTHLY	EF	105.5	0.0	0.0	-0.70
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USD RBD PALM OLEIN	POL	832.5	832.5	832.5	0.00
CRUDE OIL – WTI	QCL	83.8	84.5	83.4	0.27
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