Power Cement announces increase in sales

Power Cement Ltd (PCL) has announced a fall of 18 per cent YoY in profit after tax for the half year ended 31 December 2017. According to a notification to the Pakistan Stock Exchange on 26 February, PCL's sales increased by 1.5 per cent to PKR2.09bn (US$18.85bn) compared to PKR2.06bn, recorded in the corresponding period last year.

PCL incurred a distribution cost of PKR67m against PKR54m of the year-ago period. Alongside this, administrative expenses also rose to PKR57m (1HFY16-17: PKR31m). No dividend was announced by the Board of Directors of the company in their meeting held on 26 February 2018.