Attock profit declines, Pakistan

Attock profit declines, Pakistan
Published: 02 September 2008

The profit after tax of Attock Cement Pakistan Limited (ACPL) has declined to Rs 435.025m  in the year ended June 30, 2008 as compared to Rs 796.433m earned in the corresponding period last year. The company’s earning per share decreased to Rs 6.03 in the period under review against Rs 11.04 in the same period last year.
 
The board of directors of the company in its meeting recommended a final cash dividend for the year at Rs 1.5 per share ie 15 per cent. According to the financial results, the company’s net sales increased to Rs 4.991 billion in this period against Rs 4.560 billion in the same period last year. While the cost of sales also increased to Rs 3.887 billion in this period against Rs 3.005 billion. The company’s profit before tax declined to Rs 674.967 million in this period against Rs 1,193.377 million in the same period last year.