Earnings per share (EPS) jumped to Rs28.77 in July-March of fiscal year 2015 (FY15) compared to Rs25.31 in the same period of FY14.
Earnings per share (EPS) jumped to Rs28.77 in July-March of fiscal year 2015 (FY15) compared to Rs25.31 in the same period of FY14.
The earnings growth largely stemmed from higher primary margins due to lower energy costs, increase in other income and a lower effective tax rate, Global Research said while commenting on the results.
On a quarterly basis, earnings of the company rose 26% quarter-on-quarter to Rs3.7 billion (EPS Rs11.45) during the third quarter of FY15 because of a substantial increase in margins and a lower effective tax rate.
The top-line grew 5% year-on-year to Rs33.15 billion in nine months of FY15 because of a 4% growth in cement sales to 5.03 million tons and a rise in local cement prices to Rs525 per 50kg bag.
On a quarterly basis, revenues rose 7% quarter-on-quarter to Rs11.74 billion in the third quarter following an 8% increase in cement off-take to 1.78 million tons.
In the quarter, margins recorded an uptick of two percentage points quarter-on-quarter to 46% likely because of lower-priced coal inventory, improved sales mix and lower electricity charges.
DG Khan Cement
DG Khan Cement, one of the largest cement-makers, posted a net profit of Rs5.81 billion in the first nine months of fiscal year 2015, up by a whopping 141% compared to Rs2.41 billion in the same period of last year.
EPS of the company jumped to Rs13.27 compared to Rs5.50 in the nine months a year earlier.
Published in The Express Tribune, April 24th, 2015.
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