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

MG News | April 17, 2018 at 03:45 PM GMT+05:00

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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 30^th 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.

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