Fauji Cement profits surge 15%

Fauji Cement Company Ltd (FCCL), Pakistan, posted earnings of PKR2.4bn (USD16.99m), up by 15 per cent YoY for the nine months ended March 31 in FY2019.

Net sales declined by 1.07 per cent to PKR15.64bn, from PKR15.81bn, primarily owing to drop in local dispatches.

Over the period, distribution costs fell by 4 per cent to PKR183m, but administration expenses increased by 8 per cent to PKR 295m.