Cherat Cement's 1H profits up 32%

Cherat Cement (CHCC) announced earnings of net profit after tax of PKR1.34bn (US$12.1m) for the July-Dec 2017 period against PKR1.02bn in the corresponding period last year, showing a YoY growth of 31.6 per cent.

The company also announced in a bourse filing an interim cash dividend of PKR1/share. The company's net sales increased from PKR4.08bn to PKR7.58bn during the period.

Cherat Cement incurred a distribution cost of PKR165m and administrative expenses of PKR119m compared to PKR134m and PKR121m, respectively 6MFY 2016-17. The financing cost was increased from PKR13m to PKR182m during this period.