Pakistan: Kohat Cement Co sees 5% profit rise in 1QFY17

Kohat Cement Company Ltd (KOHC) has recently announced its 1QFY17 financial result. It declared a profit after tax (PAT) of PKR991.8m during 1QFY17 against a PAT of PKR945.7m during 1QFY16, up five per cent YoY. As against trends, KOHC declared dividend per share (DPS) of PKR4/‐ during 1QFY17.
 
During the first quarter of FY17, KOHC reported a one per cent YoY drop in sales as revenues slipped from INR3.242bn in 1QFY15-16 to INR3.193.9bn in 1QFY16-17. The company's exports were down 31 per cent YoY to 36,000t in 1QFY17 due to shrinking demand from Afghanistan and increased competition from cheaper Iranian cement, according to analysts.