Cherat Cement’s profits shrink by 17% per cent

Cherat Cement Company Ltd (CCCL) has announced its financial results for the year ended 30 June 2019 by declaring of net profit of PKR1.76bn (US$10.98m), which fell by 17.4 per cent YoY, as compared to PKR2.13bn in the same period last year.

In a bourse filling, the company says that its net sales during the reporting year increased by 10 per cent to PKR15.86bn from PKR14.39bn during the same period last year. It incurred a higher distribution cost of PKR396m, against PKR337m in the same period last year. The administrative expenses also jumped at PKR293m, compared to PKR245m incurred in the same period last year.

The company has production capacity of 4.53Mta of cement in Nowshera in the province of KPK.