FECTO reports first-half loss, Pakistan

Pakistan-based cement producer FECTO Cement reported a 10.22 per cent drop in profit for the first six months of the current fiscal to PKR284.6m (US$2.8m).

In a communication to the Karachi Stock Exchange, FECTO reported a slight rise in net sales to PKR2.39b from PKR2.32bn a year ago. The company incurred administrative expenses of PKR105.7m and distribution costs of PKR99.5m, compared to PKR85.4m and PKR107.2m in the comparative period of FY13-14.

FECTO Cement operates a 0.78Mta cement plant at Sangjani, near the capital Islamabad.