Attock Cement reports increase in pre-tax profits
Published by Jonathan Rowland,
Editor
World Cement,
Pakistani cement marker, Attock Cement, has reported an increase of 4.9% in pre-tax profits to PKR4.47 billion, as sales for the financial year ending 30 June strengthened.
Net sales were PRK14.74 billion, compared to PKR13.92 billion in FY2016, on the back of an uptick in cement dispatches to 2.08 million t.
The company’s costs were mixed: energy costs rose as the coal price jumped 41% year-on-year in the final quarter.
However, the company benefitted from lower transport costs, as more of its cement was sold into the local market, amid a contraction in exports.
Read the article online at: https://www.worldcement.com/indian-subcontinent/13092017/attock-cement-reports-increase-in-pre-tax-profits/
You might also like
World Cement Podcast
In the latest episode of the World Cement Podcast, Senior Editor David Bizley is joined by Dr Andrew Minson of the GCCA to discuss the ins and outs of the recently launched Low Carbon Ratings (LCR) system.
Responsible Capacity Growth, Powered by Your Data
As demand rises with urbanisation, manufacturers must meet growth targets while advancing 2030 and 2050 decarbonisation goals. AI Optimisation (AIO) technology is empowering teams with AI expertise to transform operations and accelerate their journey toward a smarter, more sustainable future.
