FCCL to announce Q1 after tax profit, Pakistan

FCCL to announce Q1 after tax profit, Pakistan
18 October 2006

Fauji Cement Company Ltd (FCCL) is expected to have earned after tax profit of Rs360.6m in the first quarter of the current financial year as compared to Rs259.8m in the same period last year, representing an increase of 39 per cent YoY, say analysts.

The company is scheduled to announce its results for the first quarter ended on September 30, 2006 on Wednesday.

To retain market share and to get benefit from increasing demand, the company has planned to install a new production line with capacity of producing 6000tpd of clinker.

During the first quarter of FY07, the company has managed to retain the capacity utilisation ratio at 103 per cent, as compared to 89 per cent for the same period last year.

The company’s local sales in the first quarter stood at 263,472t, compared to 223,492t in the last year’s first quarter, showing a rise of 17.9 per cent.

Exports rose from 37,668t to 31,160t, a rise of 20.9 per cent.
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