Fecto Cement profit shrinks by 53.75 per cent in 1HFY19

Fecto Cement Ltd (FCL) has announced its financial results for the half year ended 31 December 2018 today. It declared earning of net profit of PKR105m (US$0.75m) decreased by 53.75 per cent YoY, as compared to PKR227m earned in the same period last year.
 
FCL informed the Pakistan Stock Exchange (PSX) that net sales of the company during the half year 2018-19 slightly increased to PKR 2.483bn from PKR 2.470bn during this period. It incurred higher administrative expenses of PKR143m against PKR132m in the same period last year. The distribution costs also increased to PKR102m from PKR97m in the same period last year.
 
The company has a cement capacity of 0.82Mta in Sangjani village Rawalpindi district of Punjab.