Attock Cement Pakistan reports fall in profits

Attock Cement Pakistan Ltd (ACPL) announced its 1QFY18 financial result, which saw it post earnings before tax of PKR604m (US$5.7m) against PKR690m reported in 1QFY17. This reflects a fall in profit of 12.46 per cent.

Revenue of the company witnessed a healthy growth of seven per cent YoY to PKR3.6bn, primarily on the back of growth in total dispatches and stable domestic cement prices.

According to a company notification to Pakistan Stock Exchange today, no bonus share or dividend were announced for shareholders during this quarter.
 
ACPL is expected to commence its 4000tpd (1.26Mta) line in 3QFY18.