Power Cement reports Rs443mn loss

MG News | October 06, 2022 at 10:15 AM GMT+05:00

0:00

October 6, 2022 (MLN): Power Cement Ltd announced results for FY22 wherein the company’s reported loss-after-tax of Rs443 million compared to a profit of Rs358mn in the corresponding period last year, the company’s filings on the stock exchange showed on Thursday.

The cement manfuacturer’s profitability declined owing to 20% reduction in gross margins to Rs2.48bn against Rs3.09bn in FY22, the decline in gross profit was due to a 35% increase in COGS as prices of coal and other inputs rose significantly during the period under review.

The company’s loss per share clocked in at Rs0.62 from Rs0.17 in FY21.

Revenue saw significant increase of 23%YoY to Rs17.49 billion against Rs14.22bn in FY21.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	167,085.58 225.68M	0.48% 802.03
ALLSHR	101,220.72 685.91M	0.47% 477.65
KSE30	50,772.02 134.57M	0.57% 290.16
KMI30	239,923.35 145.03M	0.77% 1831.31
KMIALLSHR	66,042.80 345.76M	0.65% 425.34
BKTi	45,106.39 29.18M	0.06% 24.91
OGTi	33,583.05 26.44M	1.52% 502.39

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	89,425.00	0.00 0.00	-175.00 -0.20%
BRENT CRUDE	63.86	64.09 63.06	0.60 0.95%
RICHARDS BAY COAL MONTHLY	91.00	0.00 0.00	0.10 0.11%
ROTTERDAM COAL MONTHLY	97.25	97.25 97.25	0.05 0.05%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	60.14	0.00 0.00	0.06 0.10%
SUGAR #11 WORLD	14.82	15.02 14.73	-0.06 -0.40%