August 31, 2023 (MLN): Kohat Cement Company Limited (PSX: KOHC) wrapped the fiscal year 2023 on a positive note as the company enjoyed a profit worth Rs5.82 billion [EPS: Rs28.98], up by 15.85% YoY compared to Rs5bn profit [EPS: Rs25.01] in FY22, the financial statement sent to PSX disclosed today.
The topline of the company increased by 18.39% YoY to Rs38.92bn whereas the cost of sales moved up by 23.51% YoY which squeezed the gross margin of the company from 30% to 27%.
On the expense side, the company observed an increase of 44.20% YoY, and 12.08% YoY in administrative and selling expenses, respectively. Meanwhile, the other expenses expanded by 30.81% YoY.
The other income of the company increased to Rs2.08bn, up by over 3x YoY.
In terms of taxation, the company paid Rs4.64bn, observing a 19.16% YoY surge compared to Rs3.9bn in FY22.
|
Profit and Loss Account for the year ended June 30, 2023 (Rupees) |
|||
|---|---|---|---|
|
Jun-23 |
Jun-22 |
% Change |
|
|
Sales – net |
38,921,635,350 |
32,876,949,179 |
18.39% |
|
Cost of goods sold |
(28,488,941,331) |
(23,065,180,670) |
23.51% |
|
Gross profit/ (loss) |
10,432,694,019 |
9,811,768,509 |
6.33% |
|
Selling and distribution expenses |
(176,123,458) |
(122,136,736) |
44.20% |
|
Administrative and general expenses |
(396,230,055) |
(353,522,846) |
12.08% |
|
Other operating income |
2,085,808,053 |
690,143,396 |
202.23% |
|
Other expenses |
(736,512,959) |
(563,052,382) |
30.81% |
|
776,941,581 |
(348,568,568) |
-322.89% |
|
|
Operating profit/ (loss) |
11,209,635,600 |
9,463,199,941 |
18.46% |
|
Finance cost |
(740,307,772) |
(537,710,815) |
37.68% |
|
Profit/ (loss)before taxation |
10,469,327,828 |
8,925,489,126 |
17.30% |
|
Taxation |
(4,648,576,683) |
(3,901,208,866) |
19.16% |
|
Profit after taxation |
5,820,751,145 |
5,024,280,260 |
15.85% |
|
Earnings/(loss) per share – basic and diluted (Rupees) |
28.98 |
25.01 |
15.87% |
Copyright Mettis Link News
Posted on: 2023-08-31T16:00:39+05:00
