Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

MPS Preview: High for Longer

Dandot Cement Company sales fall 43.42% to Rs. 289 million

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  • 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

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.

Posted on: 2017-11-22T10:16:00+05:00