Dewan Cement Limited profits reach to Rs. 975.712 million

Dewan Cement Limited (DCL) today announced financial results for the nine months period ending 31 March, 2018 reporting Sales at Rs. 10.343 billion; an increase of 5.13 percent. Furthermore, the company’s Gross Profit rose to Rs. 1.750 from Rs. 1.720 billion last year during the outgoing nine months.

On the expenses front, DCL reported 4.09 percent increase in Distribution Costs, 3.28 percent increase in Administrative Expenses, whereas, other operating expenses incurred by the company went up by 51.29 percent during the period.

Furthermore, DCL also reported a 61.35 percent increase in Other Operating Income reaching Rs. 181.225 million during the nine months.

Dewan Cement Limited reported profit after taxation at Rs. 975.712 million against Rs. 963.610 million during the same period last year translating into an EPS of Rs. 2.02 vs. an EPS of Rs. 1.99 during the nine months ending March, 2017. 

Comparison of Key Financials

Unconsolidated Profit and Loss Account – For the Nine Months Ended, March 30th 2018

Key Financials

March, 2018

March, 2017

% Change

 

Amounts in PKR’ 000

Turnover – Net

10,343,023

9,838,129

5.13%

Cost of Sales

8,592,934

8,117,614

5.86%

Gross Profit

1,750,089

1,720,515

1.72%

Distribution Costs

158,995

152,744

4.09%

Administrative Expenses

412,697

399,602

3.28%

Other Operating Expenses

131,784

87,106

51.29%

Other Operating Income

181,225

112,315

61.35%

Operating Profit

1,227,838

1,193,378

2.89%

Finance Cost

35,251

11,853

197.40%

Profit before Taxation

1,192,587

1,181,525

0.94%

Taxation

216,875

217,915

-0.48%

Profit after Taxation

975,712

963,610

1.26%

EPS – Basic and diluted

2.02

1.99

1.51%

Company release on Earnings Report can be accessed here.

Posted on: 2018-04-26T10:28:00+05:00