Karachi September 22 2022: Pioneer Cement Limited reported loss of PKR 577 million in the last quarter on booking of deferred tax of PKR 1,994 million, according to company’s filing to the exchange.
Share price of the company drop 6.22 percent or PKR 4.1 to PKR 61.85 after the announcement.
For the full year company reported profit of PKR 1,050 million compared to PKR 1,970 million in the previous year.
Pioneer Cement Limited was incorporated in Pakistan as a public company limited by shares on 09 February 1986. The principal activity of the Company is manufacturing and sale of cement.