Fauji Cement's profit increases by 43.88% in 1HFY19

Fauji Cement Co Ltd (FCCL) has announced its financial results for the half year ended 31 December 2018, by declaring of net profit for the period of PKR1.82bn (US$13m), increased by 43.88 per cent YoY, as compared to PKR1.26bn in the same period last year.

Net sales of FCCL during the half year increased at of PKR10.431 bn from PKR10.268 bn, up by two per cent during this period. It incurred a distribution cost of PKR120m against PKR119m in the same period last year. The administrative expenses stood at PKR192m compared to PKR174m incurred in the same period last year.

The company has a cement production capacity of 3.4Mta in Fateh Jang in the Punjab province of Pakistan.