Kohat Cement faced with 7% profit decline despite higher sales and prices

Dec-18

Dec-17

% Change

Sales - net

               8,391,651,979

               6,867,621,584

22.19%

Cost of goods sold

            (5,984,946,937)

            (4,339,101,167)

37.93%

Gross profit

               2,406,705,042

               2,528,520,417

-4.82%

Selling and distribution expenses

                  (73,079,288)

                  (68,002,862)

7.47%

Administrative and general expenses

                (127,478,204)

                (101,463,078)

25.64%

Other operating income

                  171,058,271

                  175,764,843

-2.68%

Other operating expenses

                (171,446,521)

                (180,882,374)

-5.22%

                (200,945,742)

                (174,583,471)

15.10%

Operating profit

               2,205,759,300

               2,353,936,946

-6.29%

Finance cost

                  (23,739,194)

                  (37,199,916)

-36.18%

Profit before taxation

               2,182,020,106

               2,316,737,030

-5.81%

Taxation

                (655,124,338)

                (672,550,938)

-2.59%

Profit after taxation

               1,526,895,768

               1,644,186,092

-7.13%

Earnings per share - basic and diluted (Rupees)

                                  7.60

                                  8.19

-7.20%