Lahore: The Board of Directors of D.G. Khan Cement Company Limited convened on September 16, 2024, to deliberate on financial results and shareholder entitlements for the fiscal year ended June 30, 2024. Notably, the company decided against disbursing any cash dividends, bonus shares, or rights shares this year, reflecting a cautious approach amid market volatilities.

According to information available from the Pakistan Stock Exchange (PSX), the company's unconsolidated financial statements reveal a revenue of Rs. 66.04 billion, a slight increase from the previous year's Rs. 64.98 billion. The gross profit stood at Rs. 10.53 billion compared to Rs. 9.56 billion last year, indicating a resilient operational performance despite increased costs.

Administrative and selling expenses showed a significant rise, underscoring the challenges of maintaining profitability in a tightening economic environment. The company's net earnings per share also turned positive at Rs. 1.24, recovering from a loss of Rs. 8.30 per share in the prior year.

The consolidated financial results mirrored this positive trajectory, with total revenue reaching Rs. 71.89 billion, up from Rs. 70.50 billion the previous year. The earnings per share improved to Rs. 1.42 from a loss of Rs. 8.06 per share.

The designated market category for D.G. Khan Cement indicates a stable yet cautious outlook, with no new entitlements offered to shareholders this cycle. The Annual General Meeting is scheduled for October 18, 2024, in Lahore, where further details will be discussed.

Investors and stakeholders are advised that the company's share transfer books will be closed from October 11 to October 18, 2024, for the purposes of the upcoming annual meeting. The annual report will be available for review at least 21 days prior to the meeting, ensuring compliance with regulatory requirements and maintaining transparency with shareholders.