The profit after tax of Pioneer Cement Limited has increased to Rs 2.917 billion in the year ended June 30, 2017 (FY17) as compared to Rs 2.518 billion earned in FY16.The Company's earning per share increased to Rs 12.84 in FY17 against Rs 11.09 in the same period a year back.
The board of directors of the company in its meeting held on Wednesday at Lahore recommended final cash dividend for the year at Rs 3.35 per share ie 33.50 percent. This is in addition to an interim cash dividend at Rs 2.15 per share ie 21.50 percent already paid to shareholders. According to financial results sent to Pakistan Stock Exchange, the company's net sales increased to Rs 10.630 billion in FY17 against Rs 9.366 billion in FY16 while cost of sales increased to Rs 6.202 billion against Rs 5.361 billion. The company's profit before taxation increased to Rs 4.069 billion in FY17 against Rs 3.846 billion in FY16.
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