Earning Review: DGKC's annual profits undergo a massive decline of 79%

News Image

MG News | September 16, 2019 at 04:05 PM GMT+05:00

0:00

September 16, 2019 (MLN):  DG Khan Cement Company Limited has announced its financial earnings today for the year ended on June 30th 2019, in which the company reported its profits after tax declined massively by 79% to Rs 1.86 billion from Rs 8.9 billion earned in the same period last year. This translated in to earning per share which clocked in at Rs 4.16 against Rs 20.25 exhibited last year.

Though net sales of the Company during the period increased remarkably by 30.37% due to surge in cement dispatches, significant rise in cost of sales by 54% and a colossal rise in finance cost owing to increase in short term borrowing and higher interest rates heavily impacted net earnings.

In addition, rise in selling and distribution expenses by 44.7% and decline in other income by 17.5% due to lower dividend income further put a dent on company’s profitability.

Alongside financial results, the board of directors of the company announced a final cash dividend at Rs 1 per share i.e. 10%.

 

                                 

Consolidated Profit and Loss Account for the year ended June 30, 2019 ('000 Rupees)

 

Jun-19

Jun-18

% Change

Sales

 43,627,007

 33,464,856

30.37%

Cost of sales

 (37,952,807)

 (24,647,758)

53.98%

Gross profit

 5,674,200

 8,817,098

-35.65%

Administrative expenses

 (711,122)

 (706,148)

0.70%

Selling and distribution expenses

 (1,330,984)

 (919,866)

44.69%

Other operating expenses

 (530,452)

 (2,545,982)

-79.17%

Other income

 2,474,759

 3,001,978

-17.56%

Changes in fair value of biological assets

 335,739

 242,436

38.49%

Net impairment losses on financial assets

 (22,343)

 -  

 

Finance cost

 (3,609,744)

 (574,569)

528.25%

Profit before taxation

 2,280,053

 7,314,947

-68.83%

Taxation

 (415,170)

 1,623,594

 

Profit after taxation

 1,864,883

 8,938,541

-79.14%

Earnings per share - basic and diluted (Rupees)

 4.16

 20.25

-79.46%

 

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 118,500.00 119,450.00
115,635.00
4630.00
4.07%
BRENT CRUDE 69.35 69.50
68.55
0.71
1.03%
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 67.34 67.54
66.50
0.77
1.16%
SUGAR #11 WORLD 16.25 16.43
16.20
-0.01
-0.06%

Chart of the Day


Latest News
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


July 11, 2025 at 04:19 PM GMT+05:00

Ideal Spinning Mills to exit spinning business


July 11, 2025 at 04:12 PM GMT+05:00

OMO Result: SBP injects Rs1.72tr


July 11, 2025 at 03:38 PM GMT+05:00

Weekly SPI increases by 0.95%



Top 5 things to watch in this week

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