Cement News tagged under: Fauji Cement Company
Pakistan: Fauji Cement sees 66% rise in 1HFY16 net profit16 February 2016, Published under Cement NewsFauji Cement Co (FCCL) has a reported a profit after tax of PKR2.77bn (US$264m) during 1HFY16 versus PKR1.668bn during the same period last year, up 66 per cent YoY. During the first half dispatches increased by seven per cent YoY, stemming from rising domestic dispatches – up 13 per cent YoY, due to an acceleration in private sector construction activities and the materialisation of the government's budgeted Public Sector Development Programme (PSDP). However, exports were down 21 per cen... |
Pakistan: Fauji Cement first-quarter earnings rise03 November 2015, Published under Cement NewsFauji Cement Co Ltd (FCCL) announced corporate earnings for the quarter ended 30 September where the company posted profits of PKR1.102bn (US$10.5m) against PKR601.96m a year ago, a company statement said on Thursday. "The result outperformed the market forecast for the quarter on the back of lower-than-anticipated cost of goods sold and financial charges," Faizan Ahmed at JS Global Capital said. Revenues increased by 4.9 per cent in 1QFY16 to PKR4.381bn, as local dispatches remained stron... |
Pakistan: Fauji Cement earnings rise 57% in FY1503 September 2015, Published under Cement NewsFauji Cement Company Limited (FCCL) boosted its net earnings by more than a half to PKR4bn (US$39m) in FY15, the company’s financial results revealed on Tuesday. Higher margins coupled with a decline in finance cost helped the company earn an after-tax profit of PKR4.1bn or PKR2.9/share in FY15, up 56.7 per cent compared to PKR2.6bn or PKR1.8/share of the last fiscal year. The Rawalpindi-based cement manufacturer also approved a final cash dividend of PKR1.5 per share, taking the total pay... |
Fauji Cement inaugurates WHR project, Pakistan19 May 2015, Published under Cement NewsFauji Cement Company Ltd (FCCL) has inaugurated a 12MW waste heat power project at its factory in Jhang Bahater, Attock district of Pakistan. Sinoma Energy Conservation of China commissioned the project at an estimated cost of PKR 1.7bn (US$16.7m) in 14 months. The WHR unit was completed in April 2015 and has been on trial generation. The company reports that its benefits will start accruing in the final quarter of FY14-15. Present at the official launch ceremony last week were Kha... |
Fauji Cement increases full year profit, Pakistan18 September 2012, Published under Cement NewsProfit after tax of Fauji Cement Company Limited increased to PKR552.590m in the year ended 30 June 2012 (FY12) compared to PKR425.661m in the same period in FY11. According to the financial results sent to Karachi Stock Exchange, the company's net sales increased to PKR11.523bn in FY12 against PKR4.742bn in FY11. The cost of sales increased to PKR8.454bn compared to PKR 3.919bn. Pretax profit increased to PKR966.245m in FY12 against PKR488.153m in FY11. |
Fauji Cement reports drop in profit, Pakistan17 April 2012, Published under Cement NewsPakistan cemet producer, Fauji Cement Company, has reported a lower profit after tax of PKR140.391m (US$1.55m) during nine months ending 31 March, 2012. According to financial results sent to the Karachi Stock Exchange, pre-tax profit fell to PKR286.417 due to higher financial costs during the period under review compared to PKR369.294m in the same period last year. Earnings per share also dropped to PKR0.109 compared to PKR0.438 in 2011. |