Attock Cement profit declines

Attock Cement profit declines
31 January 2011

The profit after tax of Attock Cement Pakistan Limited (ACPL) has declined to PKR235.101m in the half-year period ended December 31, 2010 as compared to PKR623.815m earned in the corresponding period in 2009.

The board of directors of the company in its meeting held on Thursday at Damascus, Syria declared that the company’s earning per share stood at Rs 2.72 in the period under review against PKR7.20 in the same period a year back.

According to the financial results sent to Karachi Stock Exchange (KSE), the company’s net sales increased to PKR3.785bn in half year period in 2010 against PKR3.731bn in the same period in 2009. The cost of sales increased to PKR3.195bn against PKR2.642bn. The company’s profit before taxation stood at PKR301.280m in the half year period in 2010 against PKR792.379m in the same period in 2009.
Published under Cement News