DG Khan Cement (DGKC) announced its financial results on the Pakistan Stock Exchange (PSX) website on 29 April, reporting earnings of PKR1.99bn (US$7.1m) in the 3QFY24-25, a 69 per cent YoY increase.
Result highlights from BMA Research add that DGKC’s sales grew by 27 per cent YoY to PKR18.12bn in the 3QFY24-25 because of a four per cent YoY growth in domestic dispatches to 0.9Mt and a 161 per cent YoY increase in export dispatches to 0.45Mt. However, sales dropped by 16 per cent QoQ, led by a 13 per cent decline in local and export dispatches.
Selling and distribution expenses surged by 137 per cent YoY to PKR981m in the 3QFY24-25 as exports increased. Financial charges fell 66 per cent YoY to PKR660m in the 3QY24-25.
9MFY24-25 results
Cumulatively, earnings surged by 147 per cent YoY to PKR5.51bn in the 9MFY24-25. Selling and distribution expenses were up by 82 per cent YoY to PKR2.93bn in the 9MFY24-25. DGKC’s financial charges decreased in the 9MFY24-25 by 46 per cent YoY to PKR3.30bn.
by Abdul Rab Siddiqi, Pakistan
