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
Read the article online at: https://www.worldcement.com/asia-pacific-rim/22092015/dg-khan-reports-growth-in-earnings-637/