Dandot Cement Company sales fall 43.42% to Rs. 289 million
MG News | November 22, 2017 at 10:16 AM GMT+05:00
- Dandot Cement Co. Net Sales for the period decreased by 43%, amounting to a total of 289 million Rupees during the Quarter ended September, 30th 2017
- Company’s Operating Expenses increased by 38.25% during the period while reporting an Operating loss of 65 million for the period
- The Loss for the period reached 110 million compared to same quarter last year’s loss of 64 million Rupees.
- The company’s earnings per share reached to (1.16) Rupees/Share
Comparison of Key Financials
| Unconsolidated Profit and Loss Account - For the Quarter Ended, September 30th 2017 | |||
|---|---|---|---|
| Key Financials | 2017 | 2016 | % Change |
| Amounts in PKR ‘000 | |||
| Sales - Net | 289,720 | 512,054 | -43.42% |
| Cost of Sales | 348,684 | 521,902 | -33.19% |
| Gross Loss | (58,964) | (9,848) |
|
| Operating Expenses | 6,806 | 4,923 | 38.25% |
| Administrative Expenses | 5,643 | 4,025 | 40.20% |
| Distribution Costs | 1,163 | 898 | 29.51% |
| Operating Loss for the Period | (65,770) | (14,771) |
|
| Finance Cost | 48,604 | 44,645 | 8.87% |
| Other Income | 62 | 67 | -7.46% |
| Loss before Taxation | (114,312) | (59,349) |
|
| Taxation | 3,909 | 5,121 | -23.67% |
| Current - for the period | - | - |
|
| Deferred | 3,909 | 5,121 | -23.67% |
| Net Loss for the period | (110,403) | (64,470) |
|
| Loss per share - Basic & diluted | (1.16) | (0.68) |
|
Company release on Earnings Report can be accessed here.
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