LAHORE - Higher retention prices drove the Attock Cement Pakistan Limited (ACPL) to the heavy profit zone, as profit after tax of the company has increased to Rs1.44 billion in the year ended June 30, 2012 as compared to Rs684.43 million while cost of sales also increased to Rs7.691 billion against Rs6.823 billion.However, experts are of the view that weak macroeconomic outlook, fear of price reversal, upsurge in coal prices and persistent decline in cement exports are the potential threats to only the company but also for the whole cement sector. The company’s earning per share increased to Rs16.59 in the period under review against Rs7.90 in the same period last year. The board of directors of the company in its meeting in Dubai, UAE, recommended a final cash dividend for the year ended June 30, 2012 at Rs6 per share i.e. 60 percent. This is in addition to interim dividend already paid at Rs2.50 per share i.e. 25 percent.According to the financial results sent to KSE, the company’s net sales increased to Rs10.63 billion in FY12 against Rs8.553 billion in FY11 while cost of sales increased to Rs7.691 billion against Rs6.823 billion. The company’s profit before taxation increased to Rs2.03 billion in FY12 against Rs1.03 billion in FY11.Improved cost of sales, lower financial cost and higher other income were the other key contributor behind the superb performance of the company. Decline in coal prices in international market, higher prevailing retention prices, better local demand and effective contribution from the waste heat recovery plant would ensure profitability.