Attock Cement Pakistan profit falls in 3QFY 18

Attock Cement Pakistan Ltd (ACPL) 3QFY18 financial results saw a decline in net profit to PKR674m (US$5.8m) from PKR860m (US$7.41m), earned in same quarter last year. This represents a profit fall by  22 per cent YoY.

Its net sales increased to PKR4.57bn from PKR4.01bn during this period. The company incurred a distribution cost of PKR271m against PKR219m in 3QFY17. The administrative expenses stood at PKR135m compared to PKR128m in 3QFY17.

Finance cost increased to PKR74m during 3QFY18. ACPL has a capacity of 2.995Mt of cement at Hub Chowki, Lasbela, Balochistan.