Thatta Cement earns PKR300m in 1HFY19

Thatta Cement earns PKR300m in 1HFY19

Thatta Cement Co Ltd (TCCL) announced its financial results for the half year ended 31 December 2018 with consolidated earnings at PKR300m (US$2.1m), down by 6.54 per cent YoY, as compared to PKR321m reported in the same period last year.

According to TCCL’s notification to Pakistan Stock Exchange (PSX) on 6 February, company sales during the half year period increased by 34.54 per cent YoY to PKR2.33bn as compared to PKR1.73bn during the same period last year.

The company incurred higher distribution cost of PKR137m and less administrative expenses of PKR56m, compared to PKR35m and PKR70m, respectively, in the same period last year.
No cash dividend/bonus/right shares were announced by the company.

The company has a single cement plant having capacity of 488,250t in Thatta, Sindh province.