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

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.

Posted on: 2017-09-20T13:00:00+05:00