Pakistan: Power Cement reports 20% fall in profit after tax

Pakistan’s Power Cement Ltd reported a decline of 20 per cent in its profit after tax to PKR242m in 1HFY17. The company’s sales rose 25 per cent to PKR2.06bn during this period against PKR1.64bn in the equivalent period of the previous year, according to the firm’s filing with the Pakistan Stock Exchange. 

The company incurred a distribution cost of PKR54m and administrative expenses of PKR31m in 1HFY17, up from PKR47m and PKR28m, respectively, in 1FYH16.

Power Cement operates a 0.945Mta works at DehKaloKohar, Nooriabad Industrial Estate, District Dadu in Sindh.