Power Cement Ltd. profits fall 18.17% to Rs. 198.124 million

Power Cement today released financial statements for the operations between July – December, 2017. The company reported sales worth Rupees 2.092 billion and posted total bottom-line profits at Rupees 198 million.

The statements reveal a very placid growth in sales at the cement manufacturer, despite a widespread increase in local demand and export potential. Due to an abysmal 1.21% growth in the Sales, 2.18% growth in Cost of sales the margins shrunk to Rupees 438 million during the period down 2.26%.

The company’s profit after taxation during the period under review fell by more than 18.17%, clocking in at 198.124 million as despite the decline in sales the company’s Distribution and Administrative expenses increased by 24% and 79% respectively collectively taking away 124.716 million from bottom-line profits.

The company management reported an EPS of Rupees 0.21 per share against Rupees 0.61 per share during the second half of year 2016.

Company release on Earnings Report can be accessed here.