Kohat Cement posts Rs63.715mn as profit after tax

RECORDER REPORT

KARACHI: Kohat Cement Company has posted Rs 63.715 million as profit after tax in the year ended June 30, 2011 (FY11) as compared to after tax loss of Rs 327.777 million in the same period in FY10.

The board of directors of the company in its meeting held on October 04, 2011 declared that the company's earning per share stood at Re 0.49 in the period under review against per share loss of Rs 2.55 in the same period last year. According to the financial results sent to Karachi Stock Exchange, the company's net sales increased to Rs 6.085 billion in FY11 against Rs 3.692 billion in FY10. The cost of goods sold increased to Rs 5.158 billion against Rs 3.335 billion.

The company's profit before taxation stood at Rs 125.780 million in FY11 against before tax loss of Rs 382.237 million in FY10.