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Six Years Review

Six years at a glance Pioneer Cement Limited.

PRODUCTION & SALES

2018 2017 2016 2015 2014 2013
Clinker Production Tons 1,551 1,564 1,185 1,014 1,189 1,086
Cement Production Tons 1,543 1,405 1,345 1,210 1,194 1,232
Cement / Clinker Sales - Domestic Tons 1,577 1,634 1,310 1,143 1,048 1,033
Cement / Clinker Sales - Export Tons 69 36 46 68 141 201

OPERATING RESULTS

2018 2017 2016 2015 2014 2013
Gross Sales Rs.\Mn. 14,585.5 14,635.6 11,915.8 10,615.0 10,030.6 9,178.6
Excise Duty & Sales Tax Rs.\Mn. 4,464.2 4,004.6 2,549.3 2,189.2 2,005.8 1,610.2
Net Sales Rs.\Mn. 10,121.3 10,631.0 9,366.5 8,425.8 8,024.8 7,568.4
Gross Profit Rs.\Mn. 2,810.7 4,428.3 4,005.2 3,165.5 2,589.0 2,405.4
Net Profit Before Tax Rs.\Mn. 2,212.7 4,069.5 3,846.6 3,501.5 2,430.0 2,248.4
Net (Loss)/Profit After Tax Rs.\Mn. 1,644.0 2,917.6 2,518.8 2,496.1 1,768.9 1,535.1

FINANCIAL POSITION

2018 2017 2016 2015 2014 2013
Assets Employed By:
Property Plant and Equipment Rs.\Mn. 22,920.0 12,237.4 10,384.0 7,330.7 7,575.7 7,860.7
Current Assets Rs.\Mn. 6,070.9 5,407.9 4,267.5 4,674.2 4,262.0 3,701.8
Other Long Term Assets Rs.\Mn. 120.5 114.9 116.2 109.5 39.4 39.7
Rs.\Mn. 29,111.4 17,760.2 14,767.7 12,114.4 11,877.1 11,602.2

Assets Financed By

2018 2017 2016 2015 2014 2013
Shareholders' Equity Rs.\Mn. 10,517.4 9,519.1 7,820.7 6,720.3 5,134.8 4,442.7
Surplus on Revaluation of Fixed Assets Rs.\Mn. 3,111.6 2,728.4 2,849.5 1,612.8 1,667.6 1,726.5
Long Term Loan / Deposits Rs.\Mn. 2,138.4 3,543.5 3,719.6 3,602.8 3,475.6 3,648.2
Other Current Liabilities Rs.\Mn. 4,450.6 1,687.1 1,742.1 1,642.9 1,531.2 1,713.3
29,111.4 17,760.2 14,767.7 12,114.4 11,877.1 11,602.2

INVESTORS INFORMATION

2018 2017 2016 2015 2014 2013
Gross Profit to Sales % 27.77 41.65 42.76 37.57 32.26 31.78
Net Profit Before Tax to Sales % 21.86 38.28 41.07 41.56 30.28 29.71
Net Profit After Tax to Sales % 16.24 27.44 26.89 29.63 22.04 20.28
EBITDA to Sales % 27.88 42.98 45.33 45.93 36.76 34.44
Return on Equity (After Tax) % 72.38 128.44 110.89 109.89 77.87 67.58
Return on Capital Employed % 9.36 25.59 32.96 33.74 28.70 27.27
Inventory Turnover  Times 3.74 4.37 4.24 3.36 3.61 3.71
Total Asset Turnover % 34.77 59.86 63.43 69.55 67.57 65.23
Debt \ Equity Ratio Times 46:54 24:76 18:82 20:80 34:66 38:62
Interest Coverage Times 24.32 118.3 221.17 62.5 16.45 13.09
Current Ratio Times 1.36:1 3.21:1 2.45:1 2.78:1 1.43:1 1.08:1 -
Earnings Per Share Rs. 7.24 12.84 11.09 10.99 7.79 6.76
Market Value of Share (KSE) Rs. 46.86 130.00 107.40 85.29 46.66 29.37
Price Earning Ratio Times 6.47 10.12 9.68 7.76 5.99 4.34
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