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.