Pakistan: Kohat Cement 54% earnings increase for first-half fiscal 2016

Pakistan-based Kohat Cement (KOHC) has registered a 54% increase in its year-on-year earnings to PKR 2.1 billion (€18.49 million/US$20.02 million) for the first half of fiscal 2016 from PKR 1.4 billion. On a quarterly basis, earnings growth was driven by an 18% increase in sales revenue. Overall, the higher margins are attributed to the increase in domestic demand, lower tax rate, and significant decline in power and fuel costs.
February 3, 2016 Read time: 1 min

Pakistan-based Kohat Cement (KOHC) has registered a 54% increase in its year-on-year earnings to PKR 2.1 billion (€18.49 million/US$20.02 million) for the first half of fiscal 2016 from PKR 1.4 billion.

On a quarterly basis, earnings growth was driven by an 18% increase in sales revenue.

Overall, the higher margins are attributed to the increase in domestic demand, lower tax rate, and significant decline in power and fuel costs.

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