Kohat Cement Co reports FY17 profit fall

Kohat Cement Co Ltd (KOHC) of Pakistan has reported a FY17 profit after tax of PKR3.54bn (US$33.5m), a drop of over 19 per cent YoY.

Total sales of the cement producer fell to PKR13.54bn during this period from PKR14.019bn of FY16. The company incurred selling and distribution expenses of PKR129m, and administrative and general costs of PKR163bn compared to PKR154m and PKR133m, respectively, when compared with FY16. Financing costs stood at PKR84m.

The company also announced a final dividend of PKR2/share, taking cumulative dividend for the year to PKR14/share.