Fecto Cement's profit after tax increases, Pakistan

The profit after tax of Pakistan cement producer Fecto Cement Ltd increased to PKR346.729m in the year ended June 30, 2012 (FY12) compared to PKR65.433m earned in the corresponding period in FY11. The board of directors declared that the company's earning per share has increased to PKR6.91 in the period under review against PKR1.30 in the same period last year.

According to the financial results sent to Karachi Stock Exchange, the company's net sales increased to PKR4.342bn in FY12 against PKR3.304bn in FY11 while cost of sales increased to PKR3.376bn against PKR2.698bn. The company's profit before taxation increased to PKR296.532m in FY12 against PKR91.960m earned in FY11.