Fauji Cement of Pakistan reports falls in profit of 6MFY17-18

Fauji Cement (FCCL) has announced its July-Dec 2017 results with net profit for the period falling to PKR1.26bn (US$11.3m) from PKR1.3bn (US$11.7m), earned in corresponding month of last fiscal year. This translates to a fall in profit of 2.7 per cent on a YoY basis. Experts say the profit falls are due to the increased costs of sale and distribution.

According to a company bourse filing, its sales were up by 0.8 per cent to PKR10.26 bn in 6MFY17-18. The company incurred a distribution cost of PKR119m and administrative expense of PKR174m compared to PKR75.42m and PKR167.13m, respectively in FY6M16-17.

Fauji Cement Company, headquartered in Rawalpindi, operates a cement plant at Jhang Bahtar, Tehsil Fateh Jang, District Attock in the province of Punjab. It has a capacity of 3.433Mta.