Karachi May 6 2022: Flying Cement is fully committed to complete its Line 2 expansion project, after which significant rise in profitability and financial ratios is
expected to maximize shareholder return.
"Going forward, potential challenges can include increase in the cost of production caused by high inflation, increasing coal prices in international markets, expected hike in electricity rates, PKR depreciation against US$, increase in interest rates and geo-political uncertainty." says Chief Executive Officer Mr. Agha Hamayun Khan
It is estimated that the company shall achieve its COD during September 2022 after which the annual cement production capacity will be 3,510,000 tons.
The Right Share Issue of Rs.3 Billion has been successfully completed, further cementing the company’s business plan. Subsequently, the company’s gearing ratio would be approx. 30% being significantly lower compared to industry average.
Flying Cement Company Limited was incorporated in Pakistan as a Public Limited Company on December 24,1992 under the Companies Ordinance,1984 (Now the companies Act, 2017).The principal activities of the company are to manufacturing, marketing and sale of cement.
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