Kohat Cement Co Ltd (KOHC) announced its financial results for the 9MFY23-24 on 25 April. It posted a profit after tax (PAT) of PKR6.512bn (US$23.3m) compared to PKR5.363bn in the same period in the previous year, up by 21 per cent YoY.
Result highlights from AHL Research report that the topline in the 9MFY23-24 remained stable at PKR29.972bn.
Earnings per share (EPS) increased to PKR33.25 in the 9MFY23-24 from PKR26.91 in the 9MFY22-23.
Selling and distribution expenses in 9MFY23-24 increased by 19 per cent YoY to PKR138m, which is attributable to the introduction of the axle load factor. Finance costs in the 9MFY23-24 increased by five per cent YoY to PKR535m due to higher interest rates.
3QFY23-24 results
In the 3QFY23-24 earnings clocked in at PKR2.058bn (EPS: PKR 10.51) against PKR1.624bn (EPS: 8.29), showcasing a jump of 27 per cent YoY.
In the 3QFY23-24 net sales plummeted by 15 per cent YoY to settle at PKR8.510bn, in contrast to PKR10.010bn in the year-ago period.
In the 3QFY23-24 selling and distribution expenses were PKR53m compared to PKR42m, up 26 per cent YoY. Meanwhile, finance costs declined by 10 per cent YoY amid a fall in long-term finances. The company booked effective taxation at 34 per cent in the 3QFY23-24 vis-à-vis 30 per cent in the 3QFY22-23.
