Fauji Cement first-quarter profit up 32%

Pakistan-based cement producer Fauji Cement Company Ltd (FCCL) has announced a net profit of PKR981.951m (US$9.65m) for the quarter ended 31 March 2015, a rise of 32 per cent from PKR744m a year earlier.

Revenue for the quarter under review stood at PKR4.426bn compared to sales of PKR4.3bn in the same period of last year, a company spokesperson said.

For the nine-month period ended 31 March 2015, FCCL posted a net profit of PKR2.65bn.