Cement News tagged under: Fauji Cement Company

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Fauji Cement reports fall in profit by 63% in 1QFY20

22 October 2019, Published under Cement News

Pakistan-based Fauji Cement Co Ltd (FCCL) has announced its financial results for 1QFY20 on 21 October. It posted a net profit after tax of PKR293m (US$1.87m), down 63 per cent YoY, compared to PKR801m earned in same quarter last year, says a filing of company to Pakistan Stock Exchange. The major factor responsible for this fall was the drop in sales to PKR4.2bn from PKR5.3bn during this accounting period. The distribution and administrative expenses have also been increased to PKR52m and ...

Fauji Cement Co commissions 12.5MW solar power plant

24 June 2019, Published under Cement News

Reon Energy Ltd has announced the commissioning of its latest 12.5MW captive solar power project at Fauji Cement Co Ltd (FCCL) in Jhang Bahtar, Punjab, Pakistan. The plant is expected to produce approximately 20GWh annually and will avoid around 121,437t of equivalent CO 2 emissions over the next 10 years. The project aims to integrate the new photovoltaic project with the existing power generating facility. "The 12.5MW solar plant shall offset higher energy prices for power from gri...

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

20 February 2019, Published under Cement News

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 ex...

Fauji Cement of Pakistan to build new cement plant

30 November 2018, Published under Cement News

At the 10th Extraordinary General Meeting of Fauji Cement Co (FCCL)'s Board of Directors, held on 29 November, the company secretary was authorised and empowered for the execution of a new cement plant in Pakistan. FCCL also elected executive, non-executive and independent directors for a term of three years commencing from 13 December 2018 to 12 December 2021.   First-quarter FY18-19 results During first quarter of FY18-19, FCCL earned a net profit of PKR801m (US$5.97m) as compared to...

Fauji Cement's net profits rise 31 per cent in 4Q18

28 August 2018, Published under Cement News

Fauji Cement Company Ltd (FCCL) announced its financial results for the year ended 30 June 2018 on 27 August. Its net profits were up by 31 per cent YoY to PKR3.429bn (US$27.8m). This was possible due to a positive tax reversal in 4Q18 and rehabilitation of cement line II. FCCL recorded 10 per cent YoY growth in local and export dispatches, partly due to resumption of normal operations post rehabilitation. FCCL net sales increased to PKR21.16bn from PKR20.42bn during this period. The com...

Fauji Cement Pakistan profits increase in 3QFY18

18 April 2018, Published under Cement News

Fauji Cement Company Ltd (FCCL) saw a 28 per cent YoY increase in net profit to PKR854m (US$7.3m) in 3QFY18 from PKR669m, earned in same quarter last year, according the company's filing to the Pakistan Stock Exchange (PSX). Revenues remained flat at PKR5.6bn, as lower retention prices diluted the impact of growth of 11 per cent in local dispatches and 99 per cent YoY in exports. However, cost of sales came down significantly by nine per cent YoY, due to a reduction in clinker purchases af...

Fauji Cement records a 1QFY18 net profit of PKR444m

31 October 2017, Published under Cement News

Fauji Cement (FCCL) has earned net profit after tax of PKR444m (US$4.2m) in 1QFY18, down by 27 per cent YoY. The company's sales stood at PKR4.79bn, up by nine per cent YoY . FCCL reported incurring distribution cost of PKR40m and administrative cost of PKR74m during this period. This translates distribution cost increasing by 18 per cent but administrative cost fell by five per cent on YoY basis.

Fauji cement reopens Line 2

24 October 2017, Published under Cement News

Fauji Cement Company Ltd (FCCL) has informed the Pakistan Stock Exchange (PSX) that: "Rehabilitation works on Line 2 of 7200tpd have been completed. Line 2 was made operational on 15 October 2017 and production of clinker commenced on 22 October 2017 at an enhanced capacity of 7600tpd."   Local experts believe that this step will help normalise gross margins of FCCL effective 2QFY18 and beyond. Line 2 was expected to return to operations at the end of this month, according to an ear...

Fauji Cement's damaged line will be operational in 1QFY18

26 June 2017, Published under Cement News

According to market sources, Fauji Cement's (FCCL) damaged 7500tpd Line II is expected to be operational in 1QFY18. Similarly, construction of FCCL's 7.68MW waste heat recovery power plant is under way and likely to start in early-FY19. Situated in Jhang Bahtar village, Attock district, FCCL's CF silo cement production Line II collapsed in May 2016. As a result, the line's coal mill, a substation of the coal-fired Line 1 (capacity of 3700tpd) and some equipment of the line's raw milling ...

Fauji Cement 9M net profit down 54%

19 April 2017, Published under Cement News

Pakistan producer Fauji Cement Company Ltd (FCCL) reported a 54 per cent drop in net profit for the first nine months of the current fiscal to PKR1.972bn (US$18.8m). Nabeel Khursheed, analyst at Topline Securities, said gross margins were down considerably to 21 per cent due to the purchase of raw material at higher prices. “FCCL procured clinker from other cement players due to the non-functioning of its Line 2 as a result of a silo incident. The company is also running the plant on expen...