Earnings Report: Fauji Cement Co. Ltd. (PSX: FCCL) today reported Financial Results for the Twelve months ended June 30, 2017

MG News | September 20, 2017 at 01:00 PM GMT+05:00

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Fauji Cement Co. Ltd. announced Financial Results for the period ended June 30, 2017.

The company’s Net Turnover for the period increased by 1.89 percent in the outgoing year, whereas the Profit after Taxation for the Period declined by 51.31 percent.

The board has recommended a final Cash Dividend for the year ended June 30, 2017 at the rate of 9% i.e. Rs 0.90/- per share. The board issued no bonus or right shares.

Comparison of Key Financials

Unconsolidated Profit and Loss Account - For the Year Ended
Key Financials	2017	2016	% Change
	Amounts in PKR ‘000
Net Turnover	20,423,356	20,044,438	1.89%
Cost of Sales	15,985,679	10,879,156	46.94%
Gross Profit	4,437,677	9,165,282	-51.58%
Dist: Cost	166,361	208,777	-20.32%
Admin: Expenses	339,766	312,108	8.86%
Other operating expenses	291,095	578,543	-49.68%
Finance Cost	152,960	503,346	-69.61%
Other Income	136,884	268,798	-49.08%
Insurance Claim	305,842	-
Impairment Loss	-	-
Profit before Taxation	3,930,221	7,831,306	-49.81%
Income Tax Expense	1,317,010	2,464,106	-46.55%
Profit for the Year	2,613,211	5,367,200	-51.31%
EPS - Basic	1.89	3.98	-52.51%
EPS - Diluted	1.89	3.94	-52.03%

Company release on Earnings Report can be accessed here.

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