DG Khan Cement sales increased in 1QFY20

DG Khan Cement Co Ltd (DGKC) of Pakistan has announced its consolidated financial results for the 1QFY20, ended September 2019. DGKC incurred a net loss of PKR1.44bn (US$9.2m) as compared to profit of PKR341m earned in the same quarter last year.

The losses are attributed to an increase in the cost of sales, which increased to PKR10.25bn from PKR7.70bn during this accounting period. The finance cost also increased from PKR650m to PKR1.37bn during July-September 2019.

The company's sales increased by 11.12 per cent to PKR9.76bn from PKR8.78bn in the same period last year.

DGKC also incurred lower administrative expenses of PKR169m against PKR187m in the same period last year, but selling and distribution expenses increased to PKR486m against PKR183m in the same quarter.