Thatta Cement 1H net profit surges 51% YoY

Pakistan-based producer Thatta Cement posted a 51 per cent jump in net profit to PKR139m (US$1.2m) in the first half of the current Pakistan fiscal.

Earnings per share improved by PKR1.34 compared to PKR0.89 in the same period of the previous year.

However, second quarter profit declined 23 per cent to PKR48m compared to PKR62.5m in 2QFY13-14.

Thatta Cement operates a 0.45Mta cement works situated about 115km from Karachi which serves the southern region of the country.