Cement News tagged under: Fauji Cement Company
Fauji Cement's net profits rise 31 per cent in 4Q1828 August 2018, Published under Cement NewsFauji 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 3QFY1818 April 2018, Published under Cement NewsFauji 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 PKR444m31 October 2017, Published under Cement NewsFauji 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 224 October 2017, Published under Cement NewsFauji 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 1QFY1826 June 2017, Published under Cement NewsAccording 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 NewsPakistan 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... |
Pakistan: FCCL calls board meeting to approve waste heat project07 December 2016, Published under Cement NewsFauji Cement Company Ltd (FCCL) has informed the Pakistan Stock Exchange that a special Board of Directors of the company will be held on 9 December 2016 to discuss and approve the waste heat recovery power plant (WHRPP) for Line 1, and Wärtsilä's captive power plant at Jhang Bahtar, district Attock, Pakistan. FCCL plans to install 9MW WHRPP at its 3700tpd cement plant and a 16MW Wärtsilä power plant. |
Pakistan: Fauji Cement begins silo repair13 June 2016, Published under Cement NewsThe repair of damaged raw meal silo and the coal mill area of Line 2 (which has a production capacity of 2.38Mt), of Fauji Cement Ltd’s (FCCL), would take 3-6 months at cost of PKR1.3bn (US$19.38m), says experts monitoring the mishap. After meeting with different accident assessment experts, it is believed that the required time to rehabilitate damaged structure would take 3 -6 months (following assessment from the insurers), because the base was not damaged severely. It was on the e... |
Pakistan: Fauji Cement silo collapse disrupts production30 May 2016, Published under Cement NewsFauji Cement Company Ltd (Pakistan) has reportedly halted production due to the collapse of the raw material silo at its Jhang Bahtar cement plant in Attock District, Punjab. The 25,000t capacity raw material silo collapsed and also damaged the coal mill building of the plant’s 7200tpd clinker production Line 2, requiring the closure of the line for up to six months until the damage is repaired. The cement mills are unaffected and cement dispatches will continue as normal. According to a ... |
Pakistan: Fauji Cement Co 64% growth for 9MFY15-1619 April 2016, Published under Cement NewsFauji Cement Co Ltd (FCCL), one of Pakistan's largest cement manufacturers and exporters, on April 18 reported earnings of PKR4.33bn (US$41.34m) for 9MFY16 compared to PKR2.65bn in 9MFY15, posting a growth of 64 per cent YoY. Analysts at BMA Capital Management Ltd attributed the growth in earnings firstly to a 13 per cent YoY growth in revenue due to higher dispatches and secondly to an 11 per cent growth in gross margins. The increase in gross margins can be attributed to a declining cost ... |