Corporate Result: FCCL Profits deteriorate by 89%

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Fauji Cement Company Limited (FCCL) has announced the Financial results for the Nine months ended March 31, 2020, whereby it has reported Profit After Tax of Rs. 271.8 Mn showing a decline of 89% as compared to the profits of last year. Whereas, the company has declared the Loss After Tax worth Rs. 210.38 Mn for this Quarter.

The company also announced the Earnings of Rs. 0.20 for the Nine Months period ended, whereas, the company reported Loss Per Share of Rs. 0.15 for this Quarter.

During the period under review, the sales of the company were slightly declined by 13% at Rs. 13.48 Bn for the Nine Months period. The cost of sales slightly declined to Rs. 12.60 Bn which translated into the lower Gross Profit of Rs. 877.9 Mn.

On the cost side, the operating expense went down to Rs. 14.45 Mn as compared to the Last year.

Furthermore, the Finance cost went up by 98% to Rs. 149.5 Mn and the Adminstrative Expense were recorded at 360.6 Mn. Lower sales and increased Finance and Adminstrative expense significantly declined the Earnings for this Quarter.

FCCL – 3rd Quarter

Quarter ended

LPS 2020 = (0.15) PKR
EPS 2019 = 0.45 PKR

Nine Months Ended

EPS 2020 = 0.20 PKR
EPS 2019 = 1.77 PKR

Cash Dividend = NIL
Bonus Share = NIL