Karachi October 7 2024: Flying Cement is actively in the process of completion of new Line-II of 9,000 TPD of Clinker, Commercial Operation Date (COD) of which is targeted by Financial Year 3rd quarter 24-25.
The Company announced cement capacity expansion plan in FY16 which got delayed due to a number of unfavorable economic conditions. As per management, total capacity will be 11,700tpd (Clinker) after line II achieves COD.
According to company financials company has spent PKR 14.9 billion on plant so far with expenditure of PKR 2.9 billion during the financial year 2024.
The overall sale of the company has increased in comparison with last year. The company has gross sales of PKR 6,172,885,950 as compared to PKR 5,729,080,532 of last year.
However, company’s profit after taxation has decreased from PKR 271,245,680 to PKR 51,446,770 in the same period last year due to mainly abnormal increase in the Wapda tariff and slowdown in the construction activity.
Flying Cement Company Limited is part of the Flying group. The Company operates with one manufacturing unit having capacity of 1.2 million tons per annum. The Company’s production site is in north Punjab and usually captures the locality of northern region of the country.
