Thatta Cement Company Limited (THCCL) today announced financial results for the nine months period ending 31 March, 2018 reporting Net Sales earned worth Rs. 2.173 billion. Furthermore, the company’s Gross Profit for the year went down by 31.43 percent at 629.130 million during the outgoing nine months.
On the expenses front, THCCL reported 23.66 percent decrease in Selling & Distribution Costs, 14 percent decrease in Administrative Expenses, whereas, other operating expenses at the company decreased by 30 percent during the period.
Thatta Cement Company Limited reported profit after taxation at Rs. 307.542 million down from 549.807 million last year translating into an EPS of Rs. 3.08 vs. an EPS of Rs. 5.51 during the nine months ending March, 2017.
Comparison of Key Financials
Unconsolidated Profit and Loss Account – For the Nine Months Ended, March 30th 2018
Key Financials
March, 2018
March, 2017
% Change
Amounts in PKR’ 000
Sales Net
2,173,766
2,852,206
-23.79%
Cost of Sales
1,544,636
1,934,735
-20.16%
Gross Profit
629,130
917,471
-31.43%
Selling and Distribution Cost
57,327
75,093
-23.66%
Administrative Expenses
95,496
110,881
-13.88%
Operating Profit
476,307
731,497
-34.89%
Other Operating Expenses
31,234
44,543
-29.88%
Finance Costs
50,392
72,450
-30.45%
Other Income
38,843
133,833
-70.98%
Profit before Taxation
429,524
748,337
-42.60%
Taxation
121,982
198,530
-38.56%
Profit after Taxation
307,542
549,807
-44.06%
EPS – Basic and diluted
3.08
5.51
-44.10%
Company release on Earnings Report can be accessed here.
