Attock Cement profit after tax decreases

Attock Cement profit after tax decreases
Published: 01 October 2010

The profit after tax of Attock Cement Pakistan Limited has declined to PKR1.016bn in the year ended June 30, 2010 as compared to PKR1.492bn earned in the corresponding period in FY09.

The company’s earning per share declined to PKR11.74 in the period under review against PKR17.24 in the same period last year.

The board of directors of the company, in its meeting held on September 30, 2010 at Damascus, Syria recommended a final cash dividend for the year at Rs 3.25 per share ie 32.50 per cent. This is in addition to interim dividend already paid at Rs 1.75 per share ie 17.5 per cent.

According to the financial results sent to Karachi Stock Exchange (KSE), the company’s net sales declined to PKR7.668bn in FY10 against PKR8.510bn in FY09. The cost of sales reduced to PKR5.710bn against PKR5.801bn. The company’s profit before taxation declined to PKR1.388bn in FY10 against PKR1.988bn in FY09.