Corporate Result: FCCL earnings declined by 73.4%

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Fauji Cement Company Limited (FCCL) announced the financial results for the 1HFY20 today, wherein the company posted the Profit After Tax Rs 482.1 Mn showing a decline of 73.4% on Yearly basis.

This translated into the Earning per share of Rs. 0.35, which was Rs. 1.32 during last year of the same period. During the period under review, FCCL’s sales declined to Rs. 9.55 Bn which translated into the lower Gross profits of Rs. 983.7 Mn as compared to the last year.

The company profitability has considerably declined owing to the Higher Finance cost, Distribution cost and increasing Adminstrative Expense.

The Finance cost of the company was recorded at during to Rs. 80.02 Mn, which was Rs. 53.38 Mn during the last year for the same period.

FCCL – HALF YEAR

Quarter ended

EPS 2019 = 0.14 PKR
EPS 2018 = 0.74 PKR

Half Year Ended

EPS 2019 = 0.35 PKR
EPS 2018 = 1.32 PKR

Cash Dividend = NIL
Bonus Share = NIL

Fauji Cement Company Limited is a public limited company incorporated in Pakistan on 23 November 1992 under the Companies Ordinance, 1984 (Repealed with the enactment of the Companies Act, 2017). The principal activity of the Company is manufacturing and sale of different types of cement.

Also Read: Cement Exports declined by 7.48% to $145.265 Mn in 1HFY20