Karachi, April 27, 2022 (PPI-OT): Cements – D.G. Khan Cement Company Limited

Earnings: D.G. Khan Cement Company Limited (DGKC) reported its 3QFY22, financial results. As per the unconsolidated financials, the company reported profit of PKR 1,442mn or PKR 3.3/share compared to last year profits of PKR 2,048mn or PKR 4.7/share, down by 30%y however on a quarterly basis earnings is up by 14%q.

Dividends/Payouts: The Company did not announce any dividend.

Operating performance: The Company recorded net sales of PKR 15,862mn up by +46%y, on quarterly basis it reported a decline of 3%q. Gross margins during the period clocked in at 19% compared to 23% last year same period down by 4%. As a result, company’s EBIT decreased to PKR 2,873mn down by 14%y (+16%q). Financing cost increased to PKR 916mn up by 32%y, while effective tax charge clocked in at 26% compared to last quarter 25%.