January 21, 2019 (MLN): Attock Cement Pakistan Limited (ACPL) has reported its consolidated quarterly profit for the period ended December 31, 2018 at Rs.393.7 million (EPS: PKR 2.87), whereas the cumulative profit for the six month period (July – December) stands at Rs.816.8 million (EPS: PKR 5.94), down by around 29%, year-on-year.
Although the company’s topline (Rs.10.6 billion) grew by 44% YoY led by growth in despatches, the cost pressures rose substantially in light of the 26% PKR devaluation and higher coal prices during the last quarter.
ACPL’s cost of sales (Rs.8.4 billion) grew by Rs.3.4 billion (+69% YoY), bringing down the gross profits (Rs.2.25 billion) by 6% YoY.
Further increments in overall expenses added additional weight, bringing down the profits from operations (Rs.1.3 billion) by 27% YoY.
However, the company did save up Rs.379 million from decline in income tax expenses.
Financial Results for the half year Ended Dec 31st 2018 ('000 Rupees)