Profit after tax of Cherat Cement increases

RECORDER REPORT

KARACHI: The profit after taxation (PAT) of Cherat Cement Company Limited has increased to Rs 436.826 million in the year ended June 30, 2012 (FY12) as compared to Rs 68.851 million earned in FY11.

The company’s earning per share has increased to Rs 4.57 in the period under review against Re 0.72 in the same period last year. The board of directors of the company in its meeting held here on Friday recommended cash dividend at Rs 2.00 per share i.e. 20 percent.

According to the financial results sent to Karachi Stock Exchange, the company’s net turnover increased to Rs 5.457 billion in FY12 as compared to Rs 4.244 billion in FY11 while cost of sales increased to Rs 4.304 billion against Rs 3.677 billion.  The company’s profit before taxation increased to Rs 571.617 million in FY12 as compared to Rs 55.196 million earned in FY11.