Dewan Cement's net profit falls to PKR902m

Dewan Cement Limited (DCL) has announced that its net profit declined to PKR902m (US$7.33m) in financial year 2018 from PKR1.30bn earned in the same period last year. It shows profit dropped by 30.9 per cent, despite increase in net sale to PKR13.47bn from PKR12.85bn during this period.

The company incurred a distribution cost of PKR206m against PKR261m incurred in the same period last year. The administrative expenses increased to PKR688m from PKR684m in previous fiscal year.

The company's two plants have a total cement production capacity of 2.89Mta.