FCCL registers flat results, Pakistan

FCCL registers flat results, Pakistan
Published: 19 October 2006

Fauji Cement Company Limited (FCCL) has registered a flat trend with net profits standing at Rs 269m translating earning per share at Rs 0.73 in the first quarter of FY 07 as compared to Rs 260m EPS Rs 0.70 in the corresponding period of FY 06. 
 
Analysts say that main reason behind this flat trend in profitability is excess supply of the product in the market due to which cement prices are falling leading to lower retention prices for the company. Net sales of the company at Rs 1, 098m were up by 11 per cent whereas gross profit stood at Rs 490m - declining by 1 per cent.