Earnings Report: Kohat Cement Company Ltd. (PSX: KOHC) today reported Financial Results for the Twelve months ended June 30, 2017

Kohat Cement Company Ltd. announced Financial Results for the period ended June 30, 2017.

The company’s Net Sales for the period decreased by 3.42 percent in the outgoing year, whereas the Profit after Taxation for the Period decreased by 20 percent.

The board has recommended a final Cash Dividend for the year ended June 30, 2017 at the rate of 20% i.e. Rs 2.00/- per share. This is in addition to the 1st interim dividend already paid at Rs. 4.00/- per share i.e. 40% and 2nd interim cash dividend already paid at Rs. 8.00/- per share i.e. 80%. The board issued no bonus or right shares.

Comparison of Key Financials

Unconsolidated Profit and Loss Account – For the Year Ended

Key Financials

2017

2016

% Change

 

Amounts in PKR

Net Sales

13,540,304,600

14,019,842,677

-3.42%

CoGS

7,712,936,683

7,523,277,833

2.52%

Gross Profit

5,827,367,917

6,496,564,844

-10.30%

Selling & Dist. Expenses

129,666,117

154,584,148

-16.12%

Admin: & General Expenses

163,009,229

133,091,797

22.48%

Other operating Income

393,104,388

479,304,653

-17.98%

Other Operating Expenses

407,910,842

436,009,872

-6.44%

Operating Profit

5,519,886,117

6,252,183,498

-11.71%

Finance Cost

84,961,726

78,116,546

8.76%

Profit before Taxation

5,434,924,391

6,174,066,952

-11.97%

Taxation

1,890,109,541

1,765,991,492

7.03%

PAT

3,544,814,850

4,408,075,460

-19.58%

EPS – Basic & Diluted

22.94

28.53

-19.59%

 

Company release on Earnings Report can be accessed here.

Posted on: 2017-09-18T14:57:00+05:00