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DG Khan Cement incurs losses on taxes

01 September 2023, Published under Cement News

DG Khan Cement Co (DGKC) has reported a loss of PKR3.63bn (US$11.8bn) for the year ended 30 June   2023, compared to a profit of PKR2.97bn in the year-ago period, despite a rise in revenue. The company has attributed the loss to higher taxation and increased financial charges.   The company says its net sales increased by 12 per cent to PKR64.98bn from PKR58.04bn during the 12-month period. It incurred a distribution cost of PKR1.81bn against PKR1.74bn and administrative expenses of ...