Dewan Cement reverses six month loss, Pakistan

Dewan Cement reverses six month loss, Pakistan
Published: 29 February 2012

Tagged Under: Dewan Cement Ltd Pakistan 

Pakistan cement producer, Dewan Cement Ltd, posted a PKR130m (US$1.43m) profit after tax in the first half of the current fiscal (in 1HFY12) compared to a loss of PKR325.1m in the corresponding period of 2010.

Earnings per share stood at PKR0.33 against per share loss of PKR0.9 in the same period a year ago.

According to a statement by the company to the Pakistan Stock Exchange, net turnover rose to PKR3.12bn in 1HFY12 against PKR2.09m in 1HFY11 while the cost of sales increased to PKR2.78bn (PKR2.27bn in in 1HFY11).

On a quarterly basis, the company posted PKR123.44m profit after tax, translating into earnings per s hare of PKR0.29 in the quarter ended 31 December 2011.

Dewan Cement Ltd was formerly known as Pakland Cement Ltd.