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HomeBusinessD.G. KHAN CEMENT COMPANY LIMITED: 2QFY24 EARNINGS ANNOUNCED

D.G. KHAN CEMENT COMPANY LIMITED: 2QFY24 EARNINGS ANNOUNCED

DG Khan Cement Company Limited (DGKC) ne apni 2QFY24 standalone earning announce ki hai, jo PKR0.39bn (EPS: PKR0.90) hai, mukablay mein PKR0.54bn (EPS: PKR1.24) earnings ke saath.

Construction material ki high cost ki wajah se announced result expectations se thoda kam hai.

Company ne koi interim cash dividend nahi diya hai.

Net sales 11/13% QoQ/YoY barh kar PKR18.3bn tak pohanch gayi hain. QoQ net sales mein izafa mukhtalif export dispatches ke 89% QoQ izafa ke sabab se hai.

Iske ilawa, local dispatches bhi 4% QoQ barh gaye hain.

Company ne is quarter mein PKR2.33bn ka gross profit report kiya hai.

Low margin clinker ki zyada se zyada sale ki wajah se Gross margin remaining quarter mein12.7% tak gir gayi hai.

Company ne December tak naye shipments land hone tak ziada se ziada cost coal inventory ka istemal kiya hai.

Axle load implementation aur zyada export share ki wajah se Distribution cost 36%/294% QoQ/YoY se barh kar PKR0.69bn tak pohanch gai hai.

Doosri income MCB aur NML se milti hui dividend income ki wajah se 83% YoY se barh kar PKR1.34bn tak pohanch gayi hai.

Effective tax rate is quarter mein 40% par raha hai.

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