Dewan Cement Limited profits reach to Rs. 975.712 million

MG News | April 26, 2018 at 10:28 AM GMT+05:00

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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 30^th 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%