Kohat Cement Limited (KOHC) today announced financial results for the nine months period ending 31 March, 2018 reporting Sales – Net earned worth Rs. 10.384 billion. Furthermore, the company’s Gross Profit after subtracting Cost of Goods sold during the outgoing nine months fell by 27 percent to reach 3.514 billion.
On the expenses front, Kohat Cement reported a 7.54 percent decline in Selling & Distribution Expenses, 24.75 percent increase in Admin & General Expenses while reporting a 24.42 percent decrease in Operating Costs during the outgoing nine months.
Kohat Cement reported profit after taxation at Rs. 2.296 billion down by 26 percent from 2.296 billion last year translating into an EPS of Rs. 14.86 vs. an EPS of Rs 20.20 during the nine months ending March, 2017.
Comparison of Key Financials
Unconsolidated Profit and Loss Account – For the Nine Months Ended, March 30th 2018
Key Financials
March, 2018
March, 2017
% Change
Amounts in PKR
Sales – Net
10,384,648,773
10,657,622,935
-2.56%
Cost of Goods Sold
6,869,833,618
5,841,923,266
17.60%
Gross Profit
3,514,815,155
4,815,699,669
-27.01%
Selling and Distribution Expenses
94,699,052
102,416,793
-7.54%
Admin: & General Expenses
150,746,559
120,840,097
24.75%
Other Operating Income
267,410,519
302,555,133
-11.62%
Other Operating Expenses
254,682,597
336,987,002
-24.42%
Operating Profit
3,282,097,466
4,558,010,910
-27.99%
Finance Cost
49,928,083
66,910,270
-25.38%
Profit before Taxation
3,232,169,383
4,491,100,640
-28.03%
Taxation
936,152,108
1,369,753,847
-31.66%
Profit after Taxation
2,296,017,275
3,121,346,793
-26.44%
EPS – Basic and diluted
14.86
20.20
-26.44%
Company release on Earnings Report can be accessed here.
