Fecto Cement posts loss in 1HY19

Fecto Cement Ltd has informed Pakistan Stock Exchange that it has posted a loss of PKR299m (US$1.48m) for the half-year ended 31 December 2019 as compared to profit PKR105m, earned in the same period last year. The losses are attributed to a slide in net turnover, which decreased by 22.91 percent to PKR1.91bn from PKR2.28bn in the same period last year.

The company incurred lesser administrative expenses and distribution costs of PKR121m and PKR62m against PKR143m and PKR102m, respectively in the same period last year.