Fauji Cement Company profits fall 7.69 percent to Rs. 2.122 billion

Fauji Cement Company Limited (FCCL) today announced financial results for the nine months period ending 31 March, 2018 reporting Net Sales worth Rs. 15.814 billion. Furthermore, the company’s gross profit during the outgoing nine months rose by 7.69 percent to reach 3.728 billion.

FCCL total net sales during the period went up by meagre 0.34 percent during the period up from 15.759 billion to 15.814 billion during the outgoing nine months. Furthermore, Cost of Sales during the period fell by 1.72 percent to 12.085 billion.

On the expenses front, FCCL saw a 60 percent increase in Distribution Costs, 12 percent increase in Administrative Expenses and a 9.32 percent increase in other operating expenses taking away 692 million from bottom-line profits.

FCCL profit after taxation jumped up by 7.69 percent to Rs. 2.122 billion up from 1.972 billion during the same period last year. The company reported an EPS of Rs. 1.54 vs. an EPS of Rs 1.43 during the nine months ending March, 2017. 

Comparison of Key Financials

Unconsolidated Profit and Loss Account – For the Nine Months Ended, March 30th 2017

Key Financials

March, 2018

March, 2017

% Change

 

Amounts in PKR ‘000

Turnover – net

15,814,059

15,759,785

0.34%

Cost of Sales

12,085,723

12,297,635

-1.72%

Gross Profit

3,728,336

3,462,150

7.69%

Distribution Cost

192,055

120,476

59.41%

Administrative Expenses

272,983

243,408

12.15%

Other Operation Expenses

227,954

208,527

9.32%

Finance Cost

120,521

159,923

-24.64%

Other Income

71,690

97,748

-26.66%

Profit before Taxation

2,986,513

2,827,564

5.62%

Taxation

864,347

855,546

1.03%

Profit for the Period

2,122,166

1,972,018

7.61%

EPS – Basic

1.54

1.43

7.69%

EPS – Diluted

1.54

1.43

7.69%

Company release on Earnings Report can be accessed here.

Posted on: 2018-04-17T15:45:00+05:00