Attock Cement reports net sales increase in 2H17

Attock Cement Pakistan Ltd has announced its financial results for the half-year period ended 31 December 2017. The company’s profit after tax fell 16 per cent YoY, to PKR1.15bn (US$10.38m) from PKR1.37bn seen in the year-ago period. Attock Cement’s net sales increased to PKR7.56bn in the second half of 2017, compared to PKR7.22bn of 2H16.

The company also reported a distribution cost of PKR48.5m (2016: PKR52.6m) and administrative expenses of PKR24.1m (2016: 20.9m) in the 2H17.

Furthermore, this month saw the commencement of construction on Attock Cement’s new 1.26Mta line at its Hub facility.