Kohat Cement reports fall in profits in 3QFY18

Kohat Cement (KOHC) has informed the Pakistan Stock Exchange (PSX) that it earned a net profit after tax of PKR652m (US$5.6m) in 3QFY18 (January-March 2018) compared to PKR931m in 3QFY17, down 30 per cent.

During 3QFY18 net sales were recorded at PKR3.52bn. It incurred an administrative cost of PKR49m and distribution cost of PKR 27m compared to PKR38m and PKR31m, respectively in corresponding period last year.

The company sold 628,773t of cement during January-March 2018, compared to 536,586t of cement in same period last year.

Its total sales during the July 2017-March 2018 period stood at 1.743Mt from 1.606Mt of same period last year.

Ongoing projects
KOHC further updated about ongoing projects and added that the 105tph cement mill will commence its operation during April 2018. The 7800tpd brownfield expansion project at the existing plant site at Kohat in the Khyber Pakhtunkhwa province of Pakistan, is being carried out as per schedule.