Dewan Cement profit contracts by 40.29% in 1HFY19

Dewan Cement Ltd (DCL) has announced its financial results for the half year ended 31 December 2018. It declared net profits of PKR328m (US$2.74m), representing a decrease of 40.29 per cent YoY, as compared to PKR550m earned in the same period last year.
 
Imran Ahmad Jawed, CFO of DCL, informed the Pakistan Stock Exchange (PSX) that the company's net sales edged up to PKR6.466bn from PKR6.457 during this period. It incurred a higher distribution cost of PKR111m against PKR106m in the same period last year. However, the administrative expenses fell to PKR217m against PKR294m in the same period last year.