Attock Cement’s profit falls 24pc in July-March

Attock Cement Limited’s profit decreased 24 percent to Rs1.376 billion for the nine months period ended March 31, 2019, translating into EPS of Rs10.01.

Attock Cement earned Rs1.826 billion with EPS of Rs13.29 in the corresponding a year ago.

The company didn’t announce any cash dividend.

Attock Cement’s revenue increased to Rs16.15 billion in 9MFY2019 from Rs11.86 billion.

Finance cost of the company increased to Rs485 million for the nine month period compared to Rs152 million due to higher interest rates and borrowing.

Attock Refinery incurs Rs3bln loss in nine months

Attock Refinery Limited recorded a loss of Rs3.03 billion for the nine months period ended March 31, 2019, translating into loss per share (LPS) of Rs28.39.

The refinery earned profit of Rs1.39 billion with EPS of Rs13.1 in the corresponding period a year earlier.

Attock Refinery didn’t announce any cash dividend for the period. The company’s revenue, however, increased to Rs130.86 billion in the July-March period compared to Rs89 billion in the comparable period. Other income also increased to Rs2.04 billion in 9MFY2019 compared to Rs1.46 billion a year earlier. Finance cost increased to Rs3.97 billion from Rs2 billion.