Attock Cement Pakistan Ltd announced its financial result for the 1HFY24-25 on the website of the Pakistan Stock Exchange (PSX) on 27 January, posting earnings of PKR643m (US$2.3m) compared to PKR3.343bn in the year-ago period, a decline of 81 per cent YoY, mainly owed to gain recorded on the sale of the subsidiary’ Saqr AL Keetan’ during the same period last year.
Sales in the 1HFY24-25 settled at PKR15.4bn compared to PKR14.6bn in the equivalent period of the previous year, increasing five per cent YoY due to higher dispatches of 1,275,000t (up five per cent YoY).
Selling and distribution expenses in the 1HFY24-25 increased by 23 per cent YoY, attributed to the elevated freight charges due to the axle load factor, to settle at PKR1746m, according to analyst views. Finance costs surged to PKR822m, driven by a significant increase in short-term borrowings, which rose to PKR37.3bn by December 2024, up from PKR5.5bn in September 2024.
2QFY24-25 results
In the 2QFY24-25 earnings came at PKR581m against PKR497m, representing a 17 per cent YoY surge, AHL Research reported.
In the 2QFY24-25 net sales also increased by 12 per cent YoY to settle at PKR8.9bn against PKR8bn in the 2QFY24-25, amid an eight per cent YoY rise in dispatches.
In the 2QFY24-25 selling and distribution expenses arrived at PKR1014m vis-à-vis PKR871m, up by 16 per cent YoY, while the finance cost stood at PKR690m.
by Abdul Rab Siddiqi, Pakistan
