Profit after tax of ACPL increases

KARACHI: The profit after tax of Attock Cement Pakistan Limited (ACPL) has increased to Rs1,436.649 million in the year ended June 30, 2012 (FY12) as compared to Rs684.429 million earned in the corresponding period in FY11.

The company’s earning per share increased to Rs16.59 in the period under review against Rs7.90 in the same period last year.

The board of directors of the company in its meeting held on September 15, 2012 in Dubai, UAE, recommended a final cash dividend for the year ended June 30, 2012 at Rs6 per share i.e. 60 percent. This is in addition to interim dividend already paid at Rs2.50 per share i.e. 25 percent.

According to the financial results sent to Karachi Stock Exchange on Monday, the company’s net sales increased to Rs10.638 billion in FY12 against Rs8.553 billion in FY11 while cost of sales increased to Rs7.691 billion against Rs6.823 billion.

The company’s profit before taxation increased to Rs2.035 billion in FY12 against Rs1.034 billion in FY11.