Cement News tagged under: Fecto Cement Ltd

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Kohat and Fecto Cement report fall in profit

01 October 2019, Published under Cement News

Kohat Cement and Fecto Cement have announced their financial results for the year ended 30 June 2019. Both companies' profits declined, mainly due to  increase in cost of sale and other factors. Kohat Cement Co Ltd (KOHC) declared a net profit of PKR2.4bn (US$15.27m), down by 17.2 per cent YoY, as compared to PKR2.9bn reported in the same period last year. However, sales increased by 16.5 per cent to PKR15.64bn YoY, as compared to PKR13.43bn in the same period last year.  KOHC incurred h...

Fecto Cement profit shrinks by 53.75 per cent in 1HFY19

25 February 2019, Published under Cement News

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 agains...

Pakistan cement producers record falling sales

28 September 2018, Published under Cement News

Pakistan’s Fecto Cement Ltd has announced a 42 per cent YoY fall in profit for the FY18 ended 30 June, declining to PKR441m (US$3.56m) from PKR760m. Net sales of the company decreased 4.5 per cent to PKR4.9bn, compared with PKR5.13bn from the year-ago period.  The company has a cement production capacity of 0.819Mta from its facility in Sangjani, Punjab. Elsewhere, Pioneer Cement Ltd has recorded a 44 per cent YoY drop in earnings to PKR1.64bn for the FY18. Net sales were down five per cent...

Pakistan cement firms see profits fall

02 May 2018, Published under Cement News

Pakistani cement companies continue to report decreases in profits, largely due rises in the cost of sale and other factors in the 9MFY17-18.   DG Khan Cement Co Ltd (DGKC) earned a net profit of PKR4.96bn (US$40.4m) in 9MFY18 compared to PKR6.45bn (US$55.6m) in the corresponding period of the previous financial year, representing a 23 per cent YoY drop. Net sales rose to PKR23.37bn from PKR22.63bn during this period. DGKC incurred a distribution cost of PKR691m against PKR231m in the year...

Fecto Cement plans greenfield project

23 February 2018, Published under Cement News

Pakistan-based Fecto Cement Ltd has announced plans to construct a 6000tpd greenfield plant and a 9MW waste heat recovery (WHR) power plant in Palai, Khyber Pakhtunkhwa. The decision to expand was undertaken following the receipt of an exploration licence for limestone mining and to meet the growth in cement demand. Elsewhere the company modified its Sangjani plant by replacing coal dosing equipment and the motors of both induced draught fans, which increased clinker production to 2760tpd...

Pakistan: FECTC to add 0.95Mta capacity

29 July 2016, Published under Cement News

One of Pakistan's smaller cement companies, Fecto Cement Ltd (FECTC) is reported to plan a new cement plant in Kalar Kahar, Chakwal district, Punjab. The works is expected to add 0.95Mta of capacity to the company's existing 0.819Mta. The project represents an estimated investment of PKR12bn and commissioning is expected by 2018. Financial performance FECTC saw also a boost in revenues during the nine-month period ended 31 March 2016 as net sales revenue rose 7.7 per cent YoY to P...