DG Khan Cement Limited: 2QFY17 Earnings clocked in at PKR2.6b (EPS: PKR5.9) - By Insight Research

<p></p><ul><li><span style="color:#262626;font-family:'Calibri Light', sans-serif;font-size:medium;text-align:justify;">DGKC has announced its 2QFY17 results, where the company posted profits of PKR2.6b (EPS5.9), taking half year earnings to PKR4.5b (EPS10.28), up 10% YoY. However, the result was above our expectation due to lower effective tax of 22%.</span></li></ul><ul><li><span style="font-family:'Calibri Light', sans-serif;color:#262626;"><span style="font-size:medium;">During 2QFY17, net sales of the company grew by 9% YoY to PKR8.1b, owing to 13% higher dispatches. Gross margins of the company also improved slightly by 34bps YoY, lifting gross profits by 10% YoY.</span></span></li></ul><div><ul><li><span style="color:#262626;font-family:'Calibri Light', sans-serif;font-size:medium;text-align:justify;">However, the despite rising gr...