Kohat Cement Company Limited (KOHC): Disappointing performance amid lower gross margin – By AZEE Research

<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">In our today's morning report we would discuss the performance of Kohat Cement Company Limited (KOHC) in 9MFY18.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Primarily owing to higher coal prices and lower cement prices, the profit after taxation (PAT) of KOHC fell by 26% YoY in 9MFY18 to Rs 2.29 billion (EPS: Rs 14.86) as against a PAT of Rs 3.12 billion (EPS: Rs 20.2) in 9MFY17. However, higher volumetric sales and lower effective taxation provided some support to the bottom-line. Though the cement prices showed upward trend during March 2018; however, these have been continuously decreasing during earlier months for the nine-month period under review.</span></li><li><span style="font-family:Arial, Helvetica...