Financial results of Attock Cement Pakistan Limited for Year ended June 30, 2021

Financial Results

Karachi, Attock Cement Pakistan Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on August 11, 2021.

The agenda of the meeting was discussion of Unconsolidated and consolidated profit and loss account for Year ended June 30, 2021 which portrayed a profit of Rs. 1,107,352 and Rs. 2,000,034 with earnings per share 8.06 and 13.61 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from October 14, 2021 to October 21, 2021 (both days inclusive).

Attock Cement Pakistan Limited was established in 1981, and started commercial production in 1988 with a plant capacity of 2k tons per day of clinker.

The company has also made investments in a cement grinding unit in Iraq through a joint venture with the Iraq-based Al Geetan Commercial Agencies to form a subsidiary, a limited liability company. Attock Cement holds 60 percent share of the company.

The Company is also a part of the Pharaon Group, a group of companies that has investments in diversified fields such as cement, oil & gas, power generation and information technology.

The total number of shares the company has issued are 137,426,961. Earnings per shares in 2020 have decreased to 8.06 which was 15.09 in 2019. The profit after tax has also decreased in 2020 and it is 1,107,491,000 whereas it was 2,073,201,000 in 2019.