Cherat Cement posts profit

Cherat Cement has announced  net profits of Rs1.025 billion  for the half-year ended December  31, 2016, which is 51.6 percent  higher than Rs676.2 million  earned during the same  period of the last year.  The earnings per share  (EPS) for the period under review  clocked in at Rs5.8 as  against Rs3.83 last year.  The company also announced  a cash dividend of  Re1/share.  Sales revenue for the halfyear  stood at Rs4.08 billion as  compared to Rs3.489 billion in  the same period of the last  year.  For the quarter ended December  31, 2016, the company  posted net profits of Rs620.83  million, translating into EPS of  Rs3.51 as compared to the  profits of Rs407.74 million and  EPS of Rs2.31 during the same  period of the last year.