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.
