Profit after tax of ACPL increases

The profit after tax of Attock Cement Pakistan Limited (ACPL) has increased to Rs 1,436.649 million in the year ended June 30, 2012 (FY12) as compared to Rs 684.429 million earned in the corresponding period in FY11. The company's earning per share increased to Rs 16.59 in the period under review against Rs 7.90 in the same period last year.
The board of directors of the company in its meeting held on September 15, 2012 in Dubai, UAE, recommended a final cash dividend for the year ended June 30, 2012 at Rs 6 per share ie 60 percent. This is in addition to interim dividend already paid at Rs 2.50 per share ie 25 percent.
According to the financial results sent to Karachi Stock Exchange on Monday, the company's net sales increased to Rs 10.638 billion in FY12 against Rs 8.553 billion in FY11 while cost of sales increased to Rs 7.691 billion against Rs 6.823 billion. The company's profit before taxation increased to Rs 2.035 billion in FY12 against Rs 1.034 billion in FY11.