Karachi October 25 2024: Fauji Cement Company Limited earned a Profit after Tax of PKR 3.2 billion as compared to PKR 2.6 billion in SPLY; an increase of 24% (YoY), with net profit ratio of 14% as compared to 13% of SPLY.
Share price of the company increase by 135 percent in one year time, as per data provided by Pakistan Stock Exchange.
Gross Profit Margin improved to 34% as compared to 31% in SPLY.
This is mainly attributable to improved domestic sales, stable sale prices and cost optimization initiatives taken by the Management.
“Higher usage of local coal and multiple type of alternative fuels, reduction in cost of power by further enhancing solar power generation and optimization of fixed costs contributed towards achieving the overall results” states the management.
