Cement News tagged under: Fauji Cement
More cement firms on MSCI indexes08 November 2024, Published under Cement NewsAccording to Topline Pakistan Research, a few Pakistan stocks, including cement, will likely be added to the MSCI indexes. The analyst adds that MSCI is scheduled to announce its November 2024 Index review on 6 November 2024, effective 26 November 2024. Likely additions in November 2024 Review: In November 2024, it is expected that the likely addition of four stocks: Fauji Cement , Cherat Cement , Fauji Fertilizer Bin Qasim, and Kohat Cement . The free float market caps of these stoc... |
Fauji Cement saw profit rise to 24% in 1QFY24-2528 October 2024, Published under Cement NewsFauji Cement has informed the Pakistan Stock Exchange (PSX) about its financial results for the 1QFY24-25, which ended on 30 September 2024. The company earned a profit after tax of PKR3.2bn (US$11.52m) compared to PKR2.6bn in the same period last year, an increase of 24 per cent (YoY). Its net profit ratio was 14 per cent compared to 13 per cent YoY. The company announcement says that the gross profit margin improved to 34 per cent compared to 31 per cent YoY. This is mainly attributable... |
Pakistan producers expect mixed results in 1QFY24-2517 October 2024, Published under Cement NewsPakistan Stock Exchange (PSX) listed cement firms have yet to start posting their financial results for 1QFY24-25. However, Topline Pakistan Research believes that its Cement Universe (comprising Lucky Cement, Kohat Cement, DG Khan Cement , Maple Leaf Cement and Fauji Cement Co Ltd – the country's top five cement producers) is expected to post profitability of PKR13.3bn in the first quarter of FY24-25 against a profit of PKRs12.9bn in the 4QFY23-24, up by three per cent QoQ, mainly ... |
Fauji Cement exports to Afghanistan likely to increase in FY2511 October 2024, Published under Cement NewsThe management of Fauji Cement Co Ltd (FCCL) held an analyst briefing session on 9th October 2024 to discuss the company’s performance and future outlook. FCCL reported strong results for FY24, driven by significant cement and solar expansion investments. The company posted earnings of PKR8223m (US$29.6m) compared to PKR7440m in the previous period, a jump of 11 per cent YoY. In FY24, volumetric dispatches rose by five per cent, recording 5.08Mt, with local dispatches up by three per cent... |
Fauji Cement Co earns its highest-ever profit in FY2428 August 2024, Published under Cement NewsFauji Cement Co Ltd posted its financial results for 4QFY24 and FY24 on the Pakistan Stock Exchange’s website on 27 August 2024. The company earned a profit after tax of PKR8.2bn (US$29.44m) (FY23 - PKR7.4bn), the highest ever in its history. Top officials attribute that this is despite an additional charge of deferred tax amounting to PKR1.8bn on account of the latest amendment made in tax laws, where income tax on exports has been changed from presumptive tax (deducted at the time of exp... |
Royalty issue on cement raw materials in Punjab landed in court19 August 2024, Published under Cement NewsAccording to Topline Research, Punjab-based cement manufacturers have obtained a stay order from the court against the imposition of six per cent of ex-factory cement/clinker price as royalty on limestone and argillaceous clay in a major development. However, the analyst remarked that this stay is subject to bank guarantees to be furnished by manufacturers. To avoid any unfavourable decision in the future, the Punjab manufacturers are increasing cement prices by up to INR75/bag (US$0.89/bag... |
Pakistan companies start posting financial results on PSX12 August 2024, Published under Cement NewsTop cement companies in Pakistan will begin releasing their financial results for the last quarter (April-June 2024) on the Pakistan Stock Exchange (PSX) website. The Topline Cement Universe, which includes Lucky Cement , Kohat Cement , Fauji Cement , DG Khan , and Maple Leaf Cement, is expected to post profitability of PKR12.5bn (US$44.9m) in the 4QFY23-24 against a profit of PKR11.1bn in the 3QFY23-24, up by 13 per cent QoQ due to higher average retention prices. This will take FY23-... |
Fauji Cement strives to improve fundamentals and strengthen its investment case08 May 2024, Published under Cement NewsBMA Capital Management Ltd believes Fauji Cement Co Ltd (FCCL) will reap the benefits of an uptick in local cement demand by FY25, as well as strengthening market share and efficiency gains through new lines and the incorporation of green technology. In addition the company could benefit from an efficient fuel and power mix to enhance margins, strong pricing power to support profitability in a low-demand environment, and an anticipated reduction in interest rates to reduce debt servicing... |
Fauji Cement posts a profit of PKR7.043bn in 9MFY23-2426 April 2024, Published under Cement NewsFauji Cement Co Ltd (FCCL) announced its financial results for 9MFY23-24 on the Pakistan Stock Exchange website. The company posted a profit after tax (PAT) of PKR7.043bn compared to PKR6.968bn in the previous period, up by a meagre one per cent YoY. During the 3QFY23-24, earnings arrived at PKR1.769bn compared to PKR1.888bn, a fall of six per cent YoY, as reported in the initial financial coverage report from AHL Research. The topline during 9MFY23-24 reached PKR59.4bn, an uptick of 14 p... |
Administrative changes at Fecto Cement and Fauji Cement11 April 2024, Published under Cement NewsFecto Cement Ltd's Company Secretary, Abdul Wahab, informed Pakistan Stock Exchange Ltd (PSX) on 8 April that Hanif Idress has been appointed as the Chief Financial Officer (CFO) of Fecto Cement Ltd in place of Abdul Samad with effect from 1 April 2024. The information is also meant for PSX TRE Certificate Holders accordingly. Meawnhile, on 8 April Fauji Cement Co Ltd (FCCL) informed the Pakistan Stock Exchange Ltd (PSX) that Lt Gen Anwar Ali Hyder, HI (M), (Retired) had been appointe... |