Attock Cement profit shrinks by 25% in 9MFY19

Attock Cement Pakistan Lt (ACPL) has announced its financial result for nine months period ended 31 March 2019 by declaring a net profit of PKR1.376bn (US$9.715m), down by 25 per cent YoY, as compared to PKR1.826bn in the same period last year.

Net sales of the company during the 9MFY18-19  increased by 36 per cent to PKR16.15bn. Analysts attribute the rise in sales to stable growth in domestic sales, a considerable advance in clinker export sales and a positive impact of the country's currency devaluation on export revenues.

However, ACPL incurred distribution costs of PKR1.09bn against PKR471m in the same period last year.  The company's administrative expenses stood at PKR379m, compared to PKR376m incurred in the same period last year.