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.