Earnings per share (EPS) jumped to Rs0.63 compared with Rs0.43 in the same period of previous year.
The company’s net profit in first six months of fiscal year 2017-18 touched Rs655 million compared with Rs537 million in the corresponding period of previous year.
Taxes on real estate sector hindering economic growth
Dewan Cement’s share price dropped 1.63%, or Rs0.42, to close at Rs25.42 with 1.21 million shares changing hands at the PSX. Recently, Mega Conglomerate Private Limited expressed interest in buying a majority stake in Dewan Cement.
Mega Conglomerate wants to acquire 424 million shares in Dewan Cement, which constitute 87.5% of the total issued shares of the cement company. Mega Conglomerate is a Karachi-based holding company with investments in dairy and real estate sectors of Pakistan.
Published in The Express Tribune, February 27th, 2018.
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