Gharibwal Cement profit shrinks by 21% in 1HFY19

Gharibwal Cement Ltd (GCL) declared a net profit of PKR593m (US$4.28m) for the half year ended 31 December 2018, down by 21.2 per cent YoY, as compared to PKR752m earned in the same period last year.
 
GCL informed the Pakistan Stock Exchange (PSX) that net sales of GCL during 1HFY18-19 slightly increased to PKR5.505bn from PKR 5.478bn during this period. The company's administrative expenses edge up to PKR197m against PKR193m in the same period last year. It also incurred a higher distribution cost of PKR16m against PKR10m in the 1HFY18-19.