Flying Cement 1QFY19 profits rise by 43%

Pakistan's Flying Cement Co Ltd (FCCL) announced its financial results for the 1QFY19 on 30 October.  It posted an increase in profit to PKR3.02m (US$22,682), up by 42.62 per cent YoY, as compared to PKR2.12m reported in the same period last year. The increase in profit was possible due to a surge in quarterly sales, which rose by 56.5 per cent YoY to PKR850m from PKR543m reported during the same period last year.

FCCL incurred lower administrative expenses of PKR10.77m and higher distribution costs of PKR2.73m compared to PKR12.23m and PKR1.84m, respectively in the corresponding period last year.

The company has a cement capacity of 1.19Mta in Lilla, in the Jehlum district of Punjab.