Pioneer Cement Limited profits fall 40.6% to Rs. 417 million

  • Pioneer Cement Limited Net Sales for the period decreased by 3.32% (Cement +11%, Clinker -53%), amounting to a total of 3.4 billion Rupees during the Quarter ended September, 30th 2017
  • Company’s Distribution Costs witnessed a 105% increase during the period under review
  • The Profit after tax for the period decreased 40.6% reaching 417 million compared to same year last year’s profit of 702 million Rupees.
  • The company’s earnings per share reached 1.84 Rupees, down by 40.6% from 3.09/share last year  
Comparison of Key Financials

Unconsolidated Profit and Loss Account – For the Quarter Ended, September 30th 2017

Key Financials

2017

2016

% Change

 

Amounts in PKR ‘000

Gross Sales

3,444,284

3,459,112

-0.43%

Cement

3,154,758

2,842,509

10.98%

Clinker

289,526

616,603

-53.04%

Sales – net

2,421,094

2,504,145

-3.32%

Cost of Sales

1,604,034

1,430,935

12.10%

Gross Profit

817,060

1,073,210

-23.87%

Distribution Cost

30,003

14,616

105.28%

Administrative Expenses

21,346

21,076

1.28%

Operating Profit

615,792

997,213

-38.25%

Finance Cost

19,749

1,135

1640.00%

Profit before Taxation

596,042

996,078

-40.16%

Taxation

178,819

293,801

-39.14%

PAT

417,223

702,277

-40.59%

EPS – Basic & diluted

1.84

3.09

-40.45%

Company release on Earnings Report can be accessed here.

Posted on: 2017-10-23T13:13:00+05:00