DG Khan Cement earns Rs2.24 billion Q3 profit

Business
April 27, 2021
KARACHI: Nishat Group’s DG Khan Cement has announced a net profit of Rs2.24 billion translating into earning per share (EPS) of Rs5.11 for the quarter ended March 31, 2021, compared with the loss of Rs1.07 billion in the same period last year.
The company did not announce any payout along with the corporate results.
For the nine month period, net profit clocked in at Rs3.25 billion and EPS of Rs7.42 against loss of Rs2.01 billion in the same period last year.
Sales revenues during 9MFY21 stood at Rs35.37 billion, up 6.5 percent from Rs33.217 billion in 9MFY20.
“Sales, in value terms, registered growth primarily due to stable local cement prices amid soaring cement demand. Gross profit improved despite low clinker production, largely attributable to stable input costs,” the company noted.

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