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

MG News | September 18, 2017 at 02:57 PM GMT+05:00

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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 1^st interim dividend already paid at Rs. 4.00/- per share i.e. 40% and 2^nd 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.

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