Karachi: Dewan Cement Limited has reported its financial results for the third quarter and nine months ending March 31, 2025, revealing a challenging period for the company. The Board of Directors met on April 28, 2025, in Karachi, Pakistan, announcing no cash dividends, bonus shares, right shares, or any other corporate actions or price-sensitive information.

For the nine months ending March 31, 2025, the company recorded net sales of 15.73 billion rupees, a decrease from the 16.99 billion rupees reported during the same period in 2024. The cost of sales also decreased slightly to 14.83 billion rupees from 16.90 billion rupees. Consequently, the company posted a gross profit of 893.60 million rupees, up from 99.12 million rupees in the previous year.

During the third quarter alone, Dewan Cement's net sales reached 5.75 billion rupees compared to 5.37 billion rupees in the same quarter of 2024. The cost of sales was reported as 5.40 billion rupees, leading to a gross profit of 350.37 million rupees, in contrast to a gross loss of 129.56 million rupees in the previous year's quarter.

Operating expenses for the nine-month period totaled 959.68 million rupees, with distribution costs at 106.34 million rupees and administrative expenses at 843.17 million rupees. This resulted in an operating loss of 66.00 million rupees, a significant improvement from the 756.60 million rupees operating loss in the previous year.

For the third quarter, operating expenses amounted to 323.23 million rupees, leading to an operating profit of 27.14 million rupees, compared to an operating loss of 391.31 million rupees in the same quarter of the previous year. The finance cost reduced to 9.37 million rupees for the nine months and 3.01 million rupees for the third quarter.

According to information available from the Pakistan Stock Exchange (PSX), Dewan Cement's loss before taxation for the nine-month period was 309.05 million rupees, a reduction from the 965.43 million rupees lost in the same period last year. After accounting for taxation, the company reported a net loss of 328.24 million rupees for the nine months and a net loss of 30.77 million rupees for the third quarter, compared to a loss of 601.18 million rupees and 259.40 million rupees, respectively, in the previous year.

The loss per share for the nine-month period was reported as 0.68 rupees, with a quarterly loss per share of 0.06 rupees. The company plans to transmit its Third Quarterly Report for the period ended March 31, 2025, through the Pakistan Unified Corporate Action Reporting System (PUCARS) within the specified time.