Dewan Cement sales rise 23% YoY

Pakistan-based Dewan Cement Ltd (DCL) reported a 1.46 per cent decline in half-year profit to PKR202m (US$1.98m) compared to PKR202m a year earlier.  However, sales increased by 23 per cent from PKR4.4bn to PKR5.42bn during 1HFY14-15.

Distribution costs increased from PKR74m to PKR197m in half year period (July - December 2014). No cash dividend or bonus shares were earmarked for shareholders.  

DCL owns the Pakland Cement and Saadi Cement plants in Pakistan, which have a combined capacity of 2.88Mta.