THCCL today released financial results for the half year ended December, 31st 2017. Thatta Cement sales for the period clocked in at Rs. 1.734 billion versus Rs. 1.771 billion last year.
Thatta Cement’s performance during the period was relatively poor as company its releases posted declines in Gross Profit, Operating Profits, Bottom line profits and Earnings per share.
Company reported bottom line profits worth Rs. 321.667 million down by 20.73% against last year’s tally. Meanwhile, management reported a decline in 32.42% decline in Earnings per share which clocked in at 2.71/share.
Comparison of Key Financials
Unconsolidated Profit and Loss Account – For the Half Year Ended, December 30th 2017
Key Financials
2017
2016
% Change
Amounts in PKR ‘000
Net Sales
1,734,086
1,771,489
-2.11%
Cost of Sales
1,174,623
1,134,324
3.55%
Gross Profit
559,463
637,165
-12.19%
Operating Profit
453,523
521,845
-13.09%
Profit before Taxation
398,724
535,259
-25.51%
Taxation
77,057
129,466
-40.48%
Profit for the period
321,667
405,793
-20.73%
EPS – Basic and diluted
2.71
4.01
-32.42%
Company release on Earnings Report can be accessed here.
