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.
Comparison of Key Financials
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.
