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.
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.
