Kohat Cement reports 1QFY19 earnings drop of 41%

Kohat Cement Company Ltd (KOHC) announced its financial results for 1QFY19 by reporting earnings of PKR529m, down by 41 per cent YoY, as compared to PKR903m reported in the same period last year.
 
According to a filing of company to PSX, its sales during the quarter inched up by three per cent YoY to PKR3.52bn, likely due to an increase in cement sales prices against the comparative period.
 
The company incurred higher distribution cost of PKR30m and administrative expenses of PKR7m compared to PKR30m and PKR42m, respectively, in the corresponding period of last year. Kohat Cement plant at Kohat has a capacity of 2.677Mta.