Lahore - Two more companies announced their results for the first quarter (July-September) of this financial year (1QFY15). D.G. Khan Cement announced consolidated profit after tax (PAT) at Rs1.16bn, translating into earnings per share (eps) at Rs2.64. It represented a surge of 8pc over PAT of Rs1.07bn (eps: Rs2.44) in the same period last year.

 Analysts said the results remained below expectations as higher than expected cost of sales and lower average retention prices dragged the gross margins down. A 1.54-time year-on-year (YoY) increase in other income to Rs437m in 1QFY15 supported the bottom-line. Alongside the results, the board approved a 30MW pulverised coal-fired captive power plant at its factory in Khofli Sattai, Dera Ghazi Khan.

“The company has already installed a 10.4 MW Waste Heat Recovery (WHR) at its DG plant which we believe will lower its dependence on gas for its power generation,” the analyst said.

Maple Leaf Cement Factory Limited has posted Rs 384.409 million profit in the quarter ended September 30, 2012 as compared to after tax loss of Rs 228.279 million earned in the corresponding quarter in 2011. The board of directors of the company in its meeting declared that the company’s earning per share stood at Re 0.70 in the period under review against per share loss of Re 0.46 in the same period last year.

According to the financial results sent to Karachi Stock Exchange, the company’s net sales increased to Rs 3.807 billion in this quarter against Rs 3.356 billion in the same quarter last year while cost of sales stood at Rs 2.680 billion against Rs 2.686 billion.

The company posted Rs 378.406 million as profit before tax in this quarter against Rs 220.294 million as loss before taxation posted in the same quarter in 2011.