The growth figures in the cement sector are not mere positive sentiments but concrete numbers. PHOTO: FILE
Earnings per share (EPS) increased to Rs0.43 from an EPS of Rs0.174 in the period under review. Similarly, the company’s profit in the first six months (Jul-Dec) also improved to Rs537 million in fiscal year 2016-17, up 75% compared to Rs307 million in the same period last year.
Dewan Cement’s share price came down to Rs27.62, down 5% from its last day’s closing price. The KSE-100 index closed at 48,520, down 487 points or 0.99% on Monday.
Last week, Bestway Cement entered into a non-binding agreement with Dewan Cement for a possible acquisition of its north plant.
Published in The Express Tribune, February 28th, 2017.
Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.
COMMENTS
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ