Kohat Cement Company Ltd. announced Financial Results for the period ended June 30, 2017.
The company’s Net Sales for the period decreased by 3.42 percent in the outgoing year, whereas the Profit after Taxation for the Period decreased by 20 percent.
The board has recommended a final Cash Dividend for the year ended June 30, 2017 at the rate of 20% i.e. Rs 2.00/- per share. This is in addition to the 1st interim dividend already paid at Rs. 4.00/- per share i.e. 40% and 2nd interim cash dividend already paid at Rs. 8.00/- per share i.e. 80%. The board issued no bonus or right shares.
Comparison of Key Financials
Unconsolidated Profit and Loss Account – For the Year Ended |
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Key Financials |
2017 |
2016 |
% Change |
Amounts in PKR |
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Net Sales |
13,540,304,600 |
14,019,842,677 |
-3.42% |
CoGS |
7,712,936,683 |
7,523,277,833 |
2.52% |
Gross Profit |
5,827,367,917 |
6,496,564,844 |
-10.30% |
Selling & Dist. Expenses |
129,666,117 |
154,584,148 |
-16.12% |
Admin: & General Expenses |
163,009,229 |
133,091,797 |
22.48% |
Other operating Income |
393,104,388 |
479,304,653 |
-17.98% |
Other Operating Expenses |
407,910,842 |
436,009,872 |
-6.44% |
Operating Profit |
5,519,886,117 |
6,252,183,498 |
-11.71% |
Finance Cost |
84,961,726 |
78,116,546 |
8.76% |
Profit before Taxation |
5,434,924,391 |
6,174,066,952 |
-11.97% |
Taxation |
1,890,109,541 |
1,765,991,492 |
7.03% |
PAT |
3,544,814,850 |
4,408,075,460 |
-19.58% |
EPS – Basic & Diluted |
22.94 |
28.53 |
-19.59% |
Company release on Earnings Report can be accessed here.