Fauji Cement Co Ltd (FCCL) posted its financial results on the Pakistan Stock Exchange (PSX) on 24 April. The company reported that its dispatches in the 9MFY24-25 were 3.99Mt, compared to 3.79Mt in the same period last year, representing a six per cent YoY increase.
The gross profit margin improved to 34 per cent compared to 31 per cent in the same period last year. This is mainly due to higher sales, better prices and the outcome of cost optimisation initiatives taken by the management, including own polypropylene bag manufacturing, higher usage of local coal, use of multiple types of alternative fuels, and reduction in the cost of power by increasing own power generation and optimisation of fixed cost, company official commented on notice to PSX.
The company earned a post-tax profit of PKR9.4bn (US$758m) in the 9MFY24-25, compared to PKR7bn in the same period last year, representing a 34 per cent increase. This increase is attributed to several factors, including higher revenue during this period.
by Abdul Rab Siddiqi, Pakistan
