Cement News tagged under: Fauji Cement Company
FCCL becomes third-largest producer in Pakistan with new plant01 December 2023, Published under Cement NewsPakistan’s Fauji Cement Co Ltd (FCCL) has successfully commissioned its new 2.1Mta greenfield cement plant in Shadan Lund, Dera Ghazi Khan. The new facility has boosted the company’s total cement production capacity to 10.6Mta making it the third-largest cement producer in the company. According to the company, the project, which features state-of-the-art equipment including emissions control and a waste heat recovery plant, was completed in a record time of 13 months. FCCL also initiat... |
Fauji Cement reports 30% leap in profit in 9MFY22-2320 April 2023, Published under Cement NewsPakistan’s Fauji Cement Company has reported a 30.4 per cent YoY increase in profit in the nine months ended 31 March 2023 (9MFY22-23). Profit over the period came in at PKR6.97bn (US$24.67m), up from PKR5.35bn in the same period a year earlier. The increase is being attributed to higher gross margins and net finance income, according to Mettis Link News. Net revenue over the nine months came in at PKR51.9bn, up 35.2 per cent YoY, with better margins on the back of price hikes helping t... |
Fauji Cement revenue up 27% YoY25 October 2022, Published under Cement NewsPakistan-based Fauji Cement Co Ltd (FCCL) has posted consolidated revenue of PKR14,700m (US$66.7m) in the quarter ended 30 September 2022. This compares to PKR11,577m in the same period a year earlier, marking a 27 per cent YoY improvement. Operating profit over the same timeframe has risen from PKR2859m to PKR3555m, while profit before tax has advanced from PKR2766m to PKR3315m. Earnings per share have improved from PKR0.97 in the quarter ended 30 September 2021 to PKR1.06 in the same ... |
Fauji Cement announces new director09 September 2020, Published under Cement NewsPakistan’s Fauji Cement Company Ltd has announced the appointment of Imran Moid as a director of the company, with effect from 7 September 2020. Mr Moid will take the place left by the departure of Rehan Laiq. The announcement follows news of the company’s results earlier this week. |
Fauji Cement posts FY2020 loss of PKR59m08 September 2020, Published under Cement NewsFauji Cement Co Ltd declared a loss of PKR59m (US$0.355m) for the year ended 30 June 2020. The company earned PKR2.824bn in the year ended 30 June 2019. “FCCL’s topline witnessed a decline of 27 per cent YoY to PKR3.75bn during 4QFY20 led by weaker retention prices as well as an 11 per cent dip in dispatches to 705,000t (local off-take dwindled by five per cent YoY to 700,000t),” reported Arif Habib Ltd in its analysis. In FY20 the topline suffered a decline of 17 per cent YoY as lower re... |
Fauji Cement Co announces Board of Directors members08 January 2020, Published under Cement NewsFauji Cement Co Ltd (FCCL) has informed Pakistan Stock Exchange (PSX) that Maj Gen Tahir Ashraf Khan, HI(M), (Retd), non-executive director, has resigned from the Board of Directors FCCL with effect from 1 January 2020. He is succeeded by Maj Gen Abid Rafique, HI(M), (Retd) who has joined the board with effect from 1 January 2020. Furthermore, with effect from 1 January 2020, Fauji's company board consists of following non-executive directors: Lt Gen Syed Tariq Nadeem Gilani, HI(M... |
Fauji Cement reports fall in profit by 63% in 1QFY2022 October 2019, Published under Cement NewsPakistan-based Fauji Cement Co Ltd (FCCL) has announced its financial results for 1QFY20 on 21 October. It posted a net profit after tax of PKR293m (US$1.87m), down 63 per cent YoY, compared to PKR801m earned in same quarter last year, says a filing of company to Pakistan Stock Exchange. The major factor responsible for this fall was the drop in sales to PKR4.2bn from PKR5.3bn during this accounting period. The distribution and administrative expenses have also been increased to PKR52m and ... |
Fauji Cement Co commissions 12.5MW solar power plant24 June 2019, Published under Cement NewsReon Energy Ltd has announced the commissioning of its latest 12.5MW captive solar power project at Fauji Cement Co Ltd (FCCL) in Jhang Bahtar, Punjab, Pakistan. The plant is expected to produce approximately 20GWh annually and will avoid around 121,437t of equivalent CO 2 emissions over the next 10 years. The project aims to integrate the new photovoltaic project with the existing power generating facility. "The 12.5MW solar plant shall offset higher energy prices for power from gri... |
Fauji Cement's profit increases by 43.88% in 1HFY1920 February 2019, Published under Cement NewsFauji Cement Co Ltd (FCCL) has announced its financial results for the half year ended 31 December 2018, by declaring of net profit for the period of PKR1.82bn (US$13m), increased by 43.88 per cent YoY, as compared to PKR1.26bn in the same period last year. Net sales of FCCL during the half year increased at of PKR10.431 bn from PKR10.268 bn, up by two per cent during this period. It incurred a distribution cost of PKR120m against PKR119m in the same period last year. The administrative ex... |
Fauji Cement of Pakistan to build new cement plant30 November 2018, Published under Cement NewsAt the 10th Extraordinary General Meeting of Fauji Cement Co (FCCL)'s Board of Directors, held on 29 November, the company secretary was authorised and empowered for the execution of a new cement plant in Pakistan. FCCL also elected executive, non-executive and independent directors for a term of three years commencing from 13 December 2018 to 12 December 2021. First-quarter FY18-19 results During first quarter of FY18-19, FCCL earned a net profit of PKR801m (US$5.97m) as compared to... |