DG Khan Cement (DGKC): 4QFY17 EPS down 37% YoY – By JS Research

  • By: JS Global Capital Limited

  • - Published: Tuesday, 19 September 2017
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<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">DG Khan Cement (DGKC) announced its 4QFY17 results today wherein the company posted profit of Rs1,521mn (EPS: Rs3.47) vis-&agrave;-vis profit of Rs2,411mn (EPS: Rs5.50), down 37% YoY, marking the end of a dismal year in terms of performance. This took full year FY17 PAT to Rs7,975mn (EPS: Rs18.20), down 9% YoY. Along with the result, the company also announced final cash dividend of Rs7.5/share. Decline in earnings during 4QFY17 can be attributed to 11% YoY decline in revenues triggered by 13% YoY lower local dispatches, 19% YoY decline in exports and weak pricing environment in the North region. Cost of sales also increased by 6% YoY to Rs4,874mn.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">We have a &ldquo...

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