Fauji Cement Co. Ltd. announced Financial Results for the period ended June 30, 2017.
The company’s Net Turnover for the period increased by 1.89 percent in the outgoing year, whereas the Profit after Taxation for the Period declined by 51.31 percent.
The board has recommended a final Cash Dividend for the year ended June 30, 2017 at the rate of 9% i.e. Rs 0.90/- per share. The board issued no bonus or right shares.
Comparison of Key Financials
Unconsolidated Profit and Loss Account – For the Year Ended
Key Financials
2017
2016
% Change
Amounts in PKR ‘000
Net Turnover
20,423,356
20,044,438
1.89%
Cost of Sales
15,985,679
10,879,156
46.94%
Gross Profit
4,437,677
9,165,282
-51.58%
Dist: Cost
166,361
208,777
-20.32%
Admin: Expenses
339,766
312,108
8.86%
Other operating expenses
291,095
578,543
-49.68%
Finance Cost
152,960
503,346
-69.61%
Other Income
136,884
268,798
-49.08%
Insurance Claim
305,842
–
Impairment Loss
–
–
Profit before Taxation
3,930,221
7,831,306
-49.81%
Income Tax Expense
1,317,010
2,464,106
-46.55%
Profit for the Year
2,613,211
5,367,200
-51.31%
EPS – Basic
1.89
3.98
-52.51%
EPS – Diluted
1.89
3.94
-52.03%
Company release on Earnings Report can be accessed here.