Pakistan: Fauji Cement first-quarter earnings rise

Fauji Cement Co Ltd (FCCL) announced corporate earnings for the quarter ended 30 September where the company posted profits of PKR1.102bn (US$10.5m) against PKR601.96m a year ago, a company statement said on Thursday.

"The result outperformed the market forecast for the quarter on the back of lower-than-anticipated cost of goods sold and financial charges," Faizan Ahmed at JS Global Capital said.

Revenues increased by 4.9 per cent in 1QFY16 to PKR4.381bn, as local dispatches remained strong and prices remained intact.