Islamabad, Oct 17: DG Khan Cement Achieves 22% Profit Growth in Q1 FY25
With a profit of Rs. 804 million (EPS: Rs. 1.84), up 22% from earnings of Rs. 661 million (EPS: Rs. 1.51) in SPLY, DG Khan Cement Company Limited (DGKC) revealed its financial results for 1QFY25 today.
Topline during 1QFY25 arrived at Rs. 15,301 million, depicting a fall of 7 percent YoY in contrast to Rs. 16,517 million in SPLY, on the back of lower domestic dispatches falling by 22 percent YoY, arriving at 746k tons, according to Arif Habib Limited.
Gross margins for 1QFY25 slightly improved by 12bps arriving at 19.6 percent.
Selling and Distribution expenses in 1QFY25 surged by 61 percent YoY to settle at Rs. 818 million as compared to Rs. 509 million during SPLY, on the back of elevated freight charges given higher export sales.
Other income for 1QFY25 ascended by 26 percent YoY reaching Rs. 1,038 million, which is mainly attributable to higher dividend income.
Finance costs in 1QFY25 declined by 24 percent YoY to clock in at Rs. 1,589 million as compared to Rs. 2,087 million mainly on the back of a cut in interest rates.
The company recorded an effective tax rate of 39 percent in 1QFY25, consistent with the tax rate it incurred in 1QFY24.
