Pakistan: Cherat Cement sees FY1516 profits rise 9%

Pakistan: Cherat Cement sees FY1516 profits rise 9%
25 August 2016


Cherat Cement Company has reported a rise in net profits of 9.1 per cent for the year ending June 30, 2016, Pakistan's The News reports. Profits reached PKR1.4bn (US$13.3m) on sales revenues of PKR7.1bn – the latter up by 7.8 per cent.

Faizan Ahmed of JS Global said that the rise was drive by stronger sales and falling energy prices, stating: “Most of the increase in dispatches was led by local dispatches as exports continued to wither throughout in FY16. This shift has resulted into higher profitability for the company”.

Published under Cement News