The profits of DG Khan Cement (DGKC) declined by 94 percent to Rs22 million for the quarter ended on September 30 against Rs395 million during the same quarter last year, a company statement said on Wednesday.
The earning per share stood at Re0.06 against Rs1.08 last year. The company did not announce any payout. Net sales arrived at Rs3.5 billion, down by 23 percent, primarily due to lower dispatches owing to floods.
Despite a slight increase in retention prices, higher coal prices dragged gross margins down to 19 percent from 29 percent last year.Finance cost also increased by four percent to Rs488 million, the statement added.
ICI Pakistan Limited has posted net sales income of Rs8.5 billion for the quarter ended on September 30, which is 22 percent higher over the corresponding period last year, a company statement said on Wednesday.
With higher volumes and better unit margins, operating result and profit-after-tax for the quarter stood at 31 percent and 22 percent higher, respectively over the corresponding period last year, the statement added.
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