Fauji Cement Earns RS. 3.47 Billion in Profit
Fauji Cement Company Limited recorded a profit per share (EPS) of 3.47 billion rupees 2.52 for the year ending 30 June 202, compared to losses of Rs59.38 million and losses per share of 4 paisas for the previous year (FCCL). The company has indicated there will be no payment for the results, according to a filing with the stock exchange.
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Comparing FY21 to FY20, revenues climbed 40.85% to Rs24.27 billion, or Rs24.27 billion more. The analyst at Arif Habib Limited stated, “In the 21st year, the top line increased by 10% on exports of 3.38 million tons, in addition to [increasing] retention pricing.”
The FCCL’s revenue increased by 80 percent to Rs 6.7 billion in the fourth quarter of fiscal year 2021, accompanied by a 27 percent increase in off-take to 897 kt, a large increase in holding pricing, and a fall in FED and Northern Region prices.
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Other income for the year totaled Rs 81,7M, or 126% of total revenue, while finance expenses decreased by 53% to Rs 109,6M due to the current low interest rate environment.
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