DG Khan Cement's unconsolidated FY17 net profit falls 9% YoY

DG Khan Cement (DGKC) of Pakistan announced unconsolidated FY17 net profit after tax of PKR7.97bn, down nine per cent YoY basis.

The company also declared final cash dividend of PKR7.50/share, complying with 40 per cent mandatory payouts.

According to a bourse filing, the company also renewed a working capital loan of PKR1bn to Nishat Hotels and Properties, an associate concern.

Company total sales stood at PKR30.13bn during this period against PKR 9.70bn of FY16. The company incurred an administrative expense of PKR551m and selling and distribution expense of PKR979m compared to PKR572m and PKR949m incurred in previous fiscal year.