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.
