Karachi: Attock Cement Pakistan Limited has announced its financial results for the third quarter ended March 31, 2026. The Board of Directors, in a meeting held on April 10, 2026, approved the un-audited financial statements, showcasing significant growth compared to the previous year.
The Board declared an interim cash dividend of 5%, equivalent to PKR 0.50 per share, for the financial year ending June 30, 2026. This dividend will be distributed to shareholders listed in the company’s register by the close of business on April 16, 2026.
According to information available from the Pakistan Stock Exchange (PSX), the company’s revenue for the nine-month period ended March 31, 2026, rose to 33.11 billion rupees from 23.65 billion rupees in the previous year. The gross profit for the same period increased to 9.21 billion rupees from 5.05 billion rupees, reflecting a very large or significant move of 82.35%.
In terms of cash flows, Attock Cement reported that cash generated from operations increased to 9.87 billion rupees from 4.11 billion rupees. However, net cash used in investing activities was recorded at 4.79 billion rupees, primarily due to significant investments in mutual funds and Pakistan Investment Bonds. The company reported a net increase in cash and cash equivalents of 1.32 billion rupees by the end of March 2026.
In a significant leadership change, the Board received and accepted the resignation of Mr. Babar Bashir Nawaz, the Chief Executive Officer, effective April 30, 2026. Mr. Nawaz’s departure marks the end of a transformative era for Attock Cement, spanning over 40 years of service. Under his leadership, the company achieved substantial milestones, including capacity expansions and modernization of facilities. His tenure was marked by a focus on operational efficiencies and market presence enhancement.
The Board extended its gratitude to Mr. Nawaz for his dedication and leadership, acknowledging his role in establishing a robust management team and a resilient business model. His significant contributions have laid a strong foundation for the company’s future growth amidst the competitive environment of the cement industry.
As Attock Cement navigates this leadership transition, stakeholders remain optimistic about the company’s strategic direction and continued financial strength.