The profit per share (EPS) of 3.47 billion Rs2.52 for the year ended 30 June 202, in comparison to losses of Rs59.38 million and losses per share of 4 paisas for the previous year, is reported by Fauji Cement Company Limited (FCCL). The company has announced no payment for the results, a stock exchange filing on Monday.
Revenues for FY21 increased by 40.85 per cent to Rs24.27 billion, compared to FY20’s Rs17.23 billion. The analyst at Arif Habib Limited said: “In the year 21, growth in topline was 10% up on shipments of 3,38 million tonnes, combined with [improving] retention pricing.”
“The topline of the FCCL saw a major 80 percent upturn to Rs6.7 billion in the fourth quarter of FY21 and a 27 percent off-take up to 897 kt, coupled with a significant increase in holding pricing, and a decrease in FED and Northern Region prices.”
Other revenues during the year amounted to Rs 81,7M or 126%, but the financial costs fell 53% to Rs109,6M because of the current low interest rate regime, respectively.