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Kohat Cement Company profits decline by 35% to rupees 1.644 billion

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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. 

Comparison of Key Financials

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.

Posted on: 2018-02-26T15:06:00+05:00