Kohat Cement Company profits decline by 35% to rupees 1.644 billion
By MG News | February 26, 2018 at 03:06 PM GMT+05:00
Kohat Cement Company Ltd today announced financial results for the half year ending December 31st, 2018.
Total sales at the company also took a fall of 4.14% to clock in at 6.867 billion. The total cost of the cement production jumped by 14% to clock in at 4.339 billion shrinking the Gross Profit by 25 percent.
The Northern cement manufacturer reported profits worth Rupees 1.644 billion, down by 25% during the half year.
The company reported an EPS of Rs. 2.47 vs. an EPS of Rs.2.02 during year ending December, 2016.
| Unconsolidated Profit and Loss Account - For the Half Year Ended, December 2017 | |||
|---|---|---|---|
| Key Financials | 2017 | 2016 | % Change |
| Amounts in PKR '000 | |||
| Net Sales | 6,867,621 | 7,164,125 | -4.14% |
| Cost of Goods Sold | 4,339,101 | 3,800,006 | 14.19% |
| Gross Profit | 2,528,520 | 3,364,118 | -24.84% |
| Selling and Distribution Expenses | 68,002 | 71,478 | -4.86% |
| Administrative and General Expenses | 101,463 | 82,934 | 22.34% |
| Other Operating Income | 175,764 | 202,547 | -13.22% |
| Other Operating Charges | 180,882 | 230,888 | -21.66% |
| Operating Profit | 2,353,936 | 3,181,365 | -26.01% |
| Finance Costs | 37,199 | 46,597 | -20.17% |
| Profit before taxation | 2,316,737 | 3,134,768 | -26.10% |
| Taxation | 672,550 | 944,691 | -28.81% |
| Profit after Taxation | 1,644,186 | 2,190,077 | -24.93% |
| EPS - Basic and diluted | 10.64 | 14.17 | -24.91% |
Company release on Earnings Report can be accessed here.
Related News
.jpeg)
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 129,976.56 216.17M |
-0.28% -367.48 |
| ALLSHR | 80,891.69 707.36M |
-0.16% -132.30 |
| KSE30 | 39,735.37 84.53M |
-0.43% -172.89 |
| KMI30 | 189,375.10 110.57M |
-0.08% -159.90 |
| KMIALLSHR | 54,752.32 380.37M |
-0.06% -31.34 |
| BKTi | 34,559.48 20.43M |
-1.09% -381.25 |
| OGTi | 28,421.57 13.68M |
0.44% 125.52 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 110,080.00 | 110,250.00 109,200.00 |
-205.00 -0.19% |
| BRENT CRUDE | 68.69 | 69.00 68.32 |
-0.42 -0.61% |
| RICHARDS BAY COAL MONTHLY | 97.50 | 0.00 0.00 |
-0.75 -0.76% |
| ROTTERDAM COAL MONTHLY | 109.20 | 0.00 0.00 |
0.20 0.18% |
| USD RBD PALM OLEIN | 998.50 | 998.50 998.50 |
0.00 0.00% |
| CRUDE OIL - WTI | 67.02 | 67.50 66.65 |
-0.43 -0.64% |
| SUGAR #11 WORLD | 15.75 | 15.76 15.44 |
0.17 1.09% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Trade Balance
CPI
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|