DGKC incurs losses worth Rs 2 billion

News Image

MG News | April 23, 2020 at 01:03 PM GMT+05:00

0:00

April 23, 2020 (MLN): D.G Khan Cement Company Limited (DGKC) has unveiled its financial results today for the quarter ended on March 31, 2020 wherein the company reported a net loss of Rs2 billion against the profits of Rs2.5 billion in the corresponding quarter of last year.

The Loss per share of the company clocked in at Rs4.61 per share compared to the profits of Rs 5.71 per share last year.

During the quarter, the top-line of the company witnessed a meagre growth of 1.87% YoY led by the weakness in retention prices which offset the impact of 4% YoY growth in total dispatches (1,646k tons in 3QFY20 vs. 1,714k last year; local offtake dipped by 6% YoY while exports jumped up by a stunning 59% YoY, a report by Arif Habib Limited revealed.

Furthermore, lower retention prices alongside PKR depreciation dented DGKC’s margins from 16% to 4%. In addition to this, the margins were decline due to volumetric decline tagged with higher coal prices.

The further injury came on account of a substantial 64% YoY rise in finance costs driven largely by enhanced short term borrowing requirements and higher benchmark interest rates during the quarter under review.

Consolidated Profit and Loss Account for the Quarter ended on March 31, 2020 (Rupees '000)

 

Mar-20

Mar-19

% Change

Sales

 33,217,862

 32,609,651

1.87%

Cost of sales

 (31,874,544)

 (27,419,503)

16.25%

Gross profit

 1,343,318

 5,190,148

-74.12%

Administrative expenses

 (576,431)

 (545,122)

5.74%

Selling and distribution expenses

 (1,448,078)

 (1,025,500)

41.21%

Net impairment losses on financial assets

 -  

 -  

 

Other operating expenses

 (794,774)

 (639,200)

24.34%

Other income

 2,016,655

 1,823,001

10.62%

Finance cost

 (4,031,353)

 (2,457,596)

64.04%

(Loss)/Profit before taxation

 (3,490,663)

 2,345,731

 

Taxation

 1,471,932

 155,037

 

Profit after taxation

 (2,018,731)

 2,500,768

 

(Loss)/Earnings per share - basic and diluted (Rupees)

 (4.61)

 5.71

 

 

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 134,299.77
290.06M
0.39%
517.42
ALLSHR 84,018.16
764.12M
0.48%
402.35
KSE30 40,814.29
132.59M
0.33%
132.52
KMI30 192,589.16
116.24M
0.49%
948.28
KMIALLSHR 56,072.25
387.69M
0.32%
180.74
BKTi 36,971.75
19.46M
-0.05%
-16.94
OGTi 28,240.28
6.19M
0.21%
58.78
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,140.00 119,450.00
115,635.00
4270.00
3.75%
BRENT CRUDE 70.63 70.71
68.55
1.99
2.90%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
1.10
1.14%
ROTTERDAM COAL MONTHLY 108.75 108.75
108.75
0.40
0.37%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.75 68.77
66.50
2.18
3.27%
SUGAR #11 WORLD 16.56 16.60
16.20
0.30
1.85%

Chart of the Day


Latest News
July 13, 2025 at 10:26 AM GMT+05:00

K-Electric dispels rumours of peak hour changes


July 11, 2025 at 10:56 PM GMT+05:00

Gold price in Pakistan rises Rs2,300 per tola


July 11, 2025 at 05:49 PM GMT+05:00

PKR gains 10 paisa per USD


July 11, 2025 at 05:41 PM GMT+05:00

PSX Closing Bell: Bulls Serenade The Bourse


July 11, 2025 at 05:06 PM GMT+05:00

UBL doubles profit to Rs65bn in 1HCY25



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg