DG Khan Cement earns Pkr908 millions

The DG Khan Cement Company Ltd earns Pkr908 millions for the first quarter of 2021-22 remained against a net loss of Pkr350m a year ago

According to Insight Securities, the result was above expectations owing to the company’s better-than-anticipated gross margins.

Its quarterly revenue increased 6pc despite a 22% decline in despatches, thanks to better retention prices during the period under review. Other income increased 7.7 times on an annual basis, thanks to the removal of a moratorium on dividends from MCB Bank, an associate company.