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.
