DG Khan reports 28% growth in earnings

Pakistan’s DG Khan Cement has reportedly made gains of 28% in net earnings for the year ending 30 June, at Rs.7.63 billion. Profit in the final quarter grew 11% y/y to Rs.2.02 billion, according to a report from The Express Tribune. The improved performance is attributed to falling coal prices, lower interest rates and reduced administration and selling expenses. Gross margins finished at 42.4%, an improvement of 80 basis points in the final quarter compared to the same period last year.

DG Khan Cement is one of Pakistan’s biggest cement producers, with a capacity of 14 000 tpd. It has announced plans to expand capacity to capitalise on the country’s booming domestic demand.

Adapted from source by Katherine Guenioui

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