Dandot Cement continues to posts losses

Dandot Cement Company Ltd (DNCC) of Pakistan has announced its financial results for the first quarter ended September 2019, yesterday. It incurred a net loss of PKR220m (US$1.42m) as compared to loss of PKR49.4m reported in the same quarter last year.

The major factor responsible for this declining trend in company’s profit, was a 63.7 per cent fall in sales to PKR144m from PKR397m in the same period last year.

The company incurred a higher distribution cost and lesser administrative expenses of PKR1.6m and PKR9.7m against PKR1.2m and PKR9.8m, respectively in the same period last year.

The company has a production capacity of 504,000tpa of cement installed at its cement plant in Jehlum, Punjab.