Attock cement posts 194% profit growth

Attock cement posts 194% profit growth
Published: 20 April 2009

The profit after tax of Attock Cement Pakistan Limited has increased to Rs 317.897 million in the quarter ended March 31, 2009 as compared to Rs 108.119 million in the corresponding period in 2008. The board of directors of the company in its meeting declared that the company’s earning per share surged to Rs 4.41 in the period under review against Rs 1.50 in the same period last year.

According to the financial results, the company’s net sales increased to Rs 2.374 billion against Rs 1.470 billion, while cost of sales surged to Rs 1.765bn against Rs 1.219 billion. The company’s profit before taxation increased to Rs 438.670m in the three months period in 2009 against Rs 149.240m earned in the same period in 2008.