DG Khan Cement’s profit after tax soars

RECORDER REPORT

KARACHI: The profit after tax of DG Khan Cement has increased to Rs 1,438.898 million in the quarter ended September 30, 2012 as compared to Rs 317.749 million earned in the corresponding period in 2011.

The board of directors of the company in its meeting held on Wednesday declared that the company’s earning per share has increased to Rs 3.28 in the period under review against Re 0.73 in the same period last year.

According to the financial results sent to the Karachi Stock Exchange, the company’s sales increased to Rs 5.874 billion in this quarter against Rs 5.088 billion. The cost of sales increased to Rs 3.661 billion against Rs 3.556 billion. 

The company’s profit before taxation increased to Rs 1,513.803 million in this quarter against Rs 561.281 million in the same quarter last year.