The company’s profitability declined to Rs48 million in the second quarter (Oct-Dec), down 23% from Rs62.5 million in the same quarter of last year. STOCK IMAGE
KARACHI:
Thatta Cement has posted a net profit of Rs134 million in the first half ended December 31, 2014, up by a significant 51% compared to the same period of previous year.
Earnings per share (EPS) improved to Rs1.34 compared to EPS of Rs0.89 in the same period of previous year.
However, the company’s profitability declined to Rs48 million in the second quarter (Oct-Dec), down 23% from Rs62.5 million in the same quarter of last year.
The installed annual production capacity of Thatta Cement is just 450,000 tons, which is a tiny fraction of the nearly 45-million-ton installed capacity of the country’s cement industry. The company sells most of its produce in the southern region of the country, as its plant is also located in the south about 115 kilometres northeast of Karachi in Makli, Thatta district.
Published in The Express Tribune, February 14th, 2015.
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