Pakistan: Attock Cement net profit of US$13.1m

Attock Cement Ltd has announced a net profit of PKR1.378bn (US$13.1m), translating into the earnings/share (EPS) of PKR12.03 for the half-year ended 31 December 2016, which is 19 per cent higher than the profits of PKR1.152bn, and the EPS of PKR10.07 announced during the same period of the last year.

The surge in profitability can be attributed to higher sales, which stood at PKR7.228bn for the period under review as compared to the sales of PKR6.396bn during the same period of the last year.

For the quarter ended 31 December  2016, the company posted a profit-after-tax of PKR687.18m and EPS of PKR6 as compared to the profits of PKR671.434m and EPS of PKR5.86 during the same period of the last year.