Pioneer Cement Limited is committed to playing an active role in supporting and working for sustainable community and social development of the country especially in the area surrounding the plant. Corporate Social Responsibility (CSR) is one of Pioneer's core values and an integral part of the Company's Strategic goal to contribute to the national economy and lives of the individuals.
Primary Schools for boys and girls were constructed and are being managed by the Company in neighbourhood of the plant to share the Government's endeavour of making people literate for a developed and strong economy.
Pioneer, to help people perform their religious obligations, constructed a mosque in Chenki village and it is also being managed by it.
Expansion plan of the Company will also benefit the residents of adjoining areas as carpeted roads and other infrastructure development will improve the living standards of the adjacent communities.
Donations were extended for construction of educational block in District Public School, Khushab and Divisional Public School, Jauharabad. Pioneer also provides technical support to Vocational Training Institute, Quaidabad, to materialise the national dream of a skilled labour.
In addition to fulfilling social obligations in the adjoining areas, the Company also made donation to organisations like TB Centre, Family Support Programme, Emergency Response Centre and SOS schools.
PCL also contributed towards the construction of a new visiting faculty residence at the Institute of Business Administration, Karachi.
PCL plays an active role in Khushab District Industrial Association.
At the same time PCL is also not oblivious of its duties towards employees and have provided them with the required tools and protection devices for protection from inherent noises. A full-fledged Safety Department is working to promote the compliance with the safety rules and practices.
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FINANCIAL HIGHLIGHTS 2016
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SIX YEARS AT A GLANCE
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2016 2015 2014 2013 2012 2011
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Profitability ratios (%)
Gross profit to sales 42.76 37.57 32.26 31.78 24.46 14.07
Operating profit to sales 41.25 41.78 31.82 29.45 21.71 10.30
Net profit before tax to sales 41.07 41.56 30.28 29.71 14.25 1.36
Net profit after tax to sales 26.89 29.63 22.04 20.28 9.27 2.29
EBITDA to sales 45.33 45.93 36.76 34.44 27.37 17.49
Return on equity (after tax) 110.89 109.89 77.87 67.58 26.48 5.31
Return on capital employed 32.96 33.74 28.70 27.27 25.07 9.97
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Liquidity ratios (Times)
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Current ratio 2.44:1 2.78:1 1.43:1 1.08:1 0.43:1 0.27:1
Acid test ratio 1.81:1 1.93:1 0.86:1 0.7:1 0.1:1 0.08:1
EBITDA to current Liabilities 2.42:1 2.30:1 0.99:1 0.76:1 0.4:1 0.21:1
Cash to current liabilities 0.38:1 1.24:1 0.3:1 0.43:1 0.06:1 0.03:1
Cash flow from operating activities to sale 0.34:1 0.30:1 0.28:1 0.37:1 0.18:1 0.17:1
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Activity/turnover ratios (Times)
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Inventory turnover 4.24 3.36 3.61 3.71 4.24 4.77
No. of days to inventory (Days) 86.08 108.66 101.13 98.33 86.04 76.46
Debtors turn over 109.94 173.40 180.57 235.26 323.69 238.03
No. of days in receivables (Days) 3.32 2.10 2.02 1.55 1.13 1.53
Creditors turnover 6.02 5.81 5.84 6.03 6.51 5.69
No. of days in payables (Days) 60.63 62.81 62.52 60.48 56.08 64.18
Operating cycle (Days) 28.77 47.95 40.63 39.40 31.09 13.82
Total assets turnover (%) 63.43 69.55 67.57 65.23 64.16 53.55
Fixed assets turnover(%) 105.75 113.85 105.93 96.28 79.78 61.21
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Investment valuation ratios (Rs)
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Earnings per share 11.09 10.99 7.79 6.76 2.65 0.54
Price/earning ratio (Times) 9.68 7.76 5.99 4.34 3.47 10.22
Market value per share as on June 30 107.40 85.29 46.66 29.37 9.20 5.52
Cash dividend per share 6.25 6.25 4.25 4.00 - -
Dividend pay out ratio (%) 56.36 56.87 54.56 59.17 - -
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Capital structure ratios (Times)
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Financial leverage ratio (%) 57.24 17.34 17.62 17.27 6.91 9.32
Debt/equity ratio 18:82 20:80 34:66 38:62 42:58 43:57
Interest coverage ratio 221.17 62.50 16.45 13.09 4.29 1.52
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