Fauji Cement Company Limited, one of the largest cement makers, has released its financial results for the fiscal year ending June 30, 2022, The company’s profit was Rs. 4.416 billion, up from Rs. 3.469 billion in the same time previous year.
As a result of the outcome, FCCL announced a 12.5 percent bonus issuance of 273 million shares (12.5 shares for every 100 ordinary shares).
In addition, the firm has announced the combined earnings of FCCL and Askari Cement Limited (ACL), with per-share earnings computed on the new number of shares after the merger, i.e., 2.2 billion shares.