KARACHI – DG Khan Cement has announced a net income of Rs3.39 billion for the first six months ended December 2014, with an increase of 27 percent compared to Rs2.67 billion in the same period of previous year.
Earnings per share (EPS) of the one of the largest cement-makers in the country also jumped to Rs7.75 versus an EPS of Rs6.09 in the first half of the previous year. On a quarterly basis, the company’s earnings surged by 93% quarter-on-quarter (QoQ) to Rs2.24 billion or an EPS of Rs5.10 during the second quarter of fiscal year 2015.
Global Research reported, “The earnings were significantly above our estimates due to higher-than-estimated other income and lower-than-expected taxation charges.” With stable off-take and prices, the revenues increased by 2% year-on-year (YoY) to Rs12.66 billion during the first half of fiscal year 2015 because of an improved sales mix.
Its revenues jumped by 18% QoQ to Rs6.8 billion during the second quarter because of a likely 16% QoQ increase in total off-take to one million tons. Margins of the company declined by one percentage point YoY to 33% during the first half because of higher average energy costs and increased maintenance expenditures.
