Fauji Cement reports drop in profit, Pakistan

Pakistan cemet producer, Fauji Cement Company, has reported a lower profit after tax of PKR140.391m (US$1.55m) during nine months ending 31 March, 2012.

According to financial results sent to the Karachi Stock Exchange, pre-tax profit fell to PKR286.417 due to higher financial costs during the period under review compared to PKR369.294m in the same period last year.

Earnings per share also dropped to PKR0.109 compared to PKR0.438 in 2011.