DG Khan raises profits by 49% in 1QFY18

DG Khan raises profits by 49% in 1QFY18
19 October 2017

DG Khan Cement Factory Ltd (DGKC) announced its 1QFY18 financial results on 18 October, posting a profit after tax of PKR2.83bn (US$26.8m) against PKR1.9bn earned in the corresponding quarter a year ago. This translates a growth of 49 per cent in profit on YoY basis, according to the company's notification to Pakistan Stock Exchange.

Revenue rose to PKR7.5bn, up by 14 per cent YoY, primarily due to higher local dispatches. The company incurred administrative expense of PKR149m, and selling and distribution expenses of PKR232m compared to PKR125m and PKR254m, respectively incurred in 1Q17.

Meanwhile, DGKC is adding nearly 5Mta of cement to its existing capacity with a brownfield plant in DG Khan and a greenfield plant in Hub, Balochistan.

Published under Cement News