Dandot Cement Limited posts losses worth Rs. 320.953 million
MG News | March 01, 2018 at 10:37 AM GMT+05:00
Dandot Cement Limited today released financial statements for the year ending December, 31st 2017. The company reported net sales worth Rupees 679.058 million whereas reporting a total of 320.953 million worth of losses for the period.
The company during the period reported a 85 percent decrease in Distribution Costs, 2.74 percent increase in Administrative Expenses, and a 42 percent decrease in Other Income.
Dandot Cement Limited Management reported loss after taxation at Rupees 320.953 million during the period against last year’s loss of Rupees 110.136 million.
The management reported earnings per share – diluted of Rupees 3.38 per share against last year’s Rupees 1.16 per share.
| Unconsolidated Profit and Loss Account - For the Year Ended, December 30th 2017 | |||
|---|---|---|---|
| Key Financials | 2017 | 2016 | % Change |
| Amounts in PKR | |||
| Sales(net) | 679,058 | 1,073,852 | -36.76% |
| Cost of Sales | 880,719 | 1,043,674 | -15.61% |
| Gross (Loss)/Profit | 201,661 | 30,178 | 568.24% |
| Operating Expenses |
|
|
|
| Distribution Costs | 2,007 | 13,504 | -85.14% |
| Administrative Expenses | 27,218 | 26,493 | 2.74% |
| Other Operating Expenses | - | 243 | -100.00% |
| Operating Loss/Profit | (230,886) | (10,062) | 2194.63% |
| Other Operating Income | 89 | 90 | -1.11% |
| Finance Costs | 95,281 | (89,426) | -206.55% |
| Loss before Taxation | (326,078) | (99,397) | 228.06% |
| Taxation | 5,125 | 10,739 | -52.28% |
| Net Loss after Taxation | (320,953) | (110,136) | 191.42% |
| EPS - Basic and diluted | (3.38) | (1.16) | 191.38% |
Company release on Earnings Report can be accessed here.
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