Fecto Cement’s last year performance

Fecto Cement’s last year performance
Published: 07 March 2006

The turnaround in Fecto Cement Ltds performance in Pakistan was achieved last year. For the year under review, the company achieved even higher result which enabled the company in further improvement of dividend payout, reports Business Recorder.

Moreover the company embarked upon upgradation project to optimise cost and expand productivity. During the year under review production of clinker increased by 23.37 per cent but cement despatches were recorded at lower rate of increase by 12.33 per cent mainly because of stock accumulation for the planned closure of plant for its upgrade.

Fecto Cement Limited manufacturing facilities are located at Sangjani, Islamabad and belongs to a large industrial group Fecto Group of Companies. Shares of Fecto Cement are in great demand but are relatively illiquid so carry high premium at the stock exchange. The price of the share has reportedly moved upward during the last one year at a rapid pace as the price shot up from Rs 18 per share to Rs 89.50 per share.

During the year under review (FY 2004-05) the company’s cement despatches were recorded at 574,120t registering 12.33 per cent growth over previous year’s figures.

Fecto’s plant upgrade project will increase production by 750tpd and is expected to be completed 1Q 2006.