Attock Cement Pakistan reports fall in profits

Attock Cement Pakistan reports fall in profits
20 October 2017


Attock Cement Pakistan Ltd (ACPL) announced its 1QFY18 financial result, which saw it post earnings before tax of PKR604m (US$5.7m) against PKR690m reported in 1QFY17. This reflects a fall in profit of 12.46 per cent.

Revenue of the company witnessed a healthy growth of seven per cent YoY to PKR3.6bn, primarily on the back of growth in total dispatches and stable domestic cement prices.

According to a company notification to Pakistan Stock Exchange today, no bonus share or dividend were announced for shareholders during this quarter.
 
ACPL is expected to commence its 4000tpd (1.26Mta) line in 3QFY18.

Published under Cement News