DG Khan Cement sees net profit fall by 17% in 1HFY18

DG Khan Cement (DGKC) of Pakistan has announced that its net profit for the 1HFY18 fell by 17 per cent YoY to PKR4.50bn (US$40.6m). Despite an increase in total net sales of seven per cent to PKR15.76bn, the company's profit  reportedly declined due to increase in the cost of sales.
 
According to a company bourse filing on Tuesday, the company incurred a distribution cost of PKR460m and administrative expense of PKR296m compared to PKR505m and PKR261m, respectively in 1H16/17. The financing cost increased by 18 per cent to PKR193m.

The Board also reviewed the progress on production line No 3 at the existing DG Khan Khofli Sattai site and decided to continue its application for regulatory permissions from government authorities to set up a brownfield production line.