Thatta Cement's achieves net profit after tax of PKR164m

Thatta Cement's achieves net profit after tax of PKR164m
25 April 2019


Thatta Cement Company Ltd (TCC), announced its financial results for 9MFY19 on 24 April. It reported net profit after tax of PKR164m (US$1.16m), down 47 per cent when compared to PKR307m in the year-ago period.

TCC's net sales increased to PKR2.89bn from PKR2.17bn during this period, representing a growth of 33 per cent YoY. The company incurred higher distribution expenses of PKR208m and administrative expenses fell to PKR77m compared to PKR7m and PKR95m, respectively in nine months of the previous fiscal year.

The company has a cement capacity of 488,250tpa at Thatta, Sindh Province, in Pakistan.

Published under Cement News