Powtech, 27/9 - 29/9, Nuremberg, Germany. Leading trade fair for Powder & Bulk Solids Procssings & Analytics. Get Your Ticket Now!
Powtech, 27/9 - 29/9, Nuremberg, Germany. Leading trade fair for Powder & Bulk Solids Procssings & Analytics. Get Your Ticket Now!
Global Cement
Online condition monitoring experts for proactive and predictive maintenance - DALOG
Your Particulate and Gaseous pollution abatement partner - Thermax
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Members
  • Live
  • Login
  • Advertise
  • Knowledge Base
  • Alternative Fuels
  • Services
  • Jobs
  • Privacy & Cookie Policy
  • About
  • Register
  • Trial subscription
  • Contact
News Fauji Cement’s second quarter profit drops by 82% year-on-year

Fauji Cement’s second quarter profit drops by 82% year-on-year

Written by Global Cement staff 24 February 2020
  • Print

Pakistan: Fauji Cement has reported a profit of US$1.23m in the second quarter of the 2020 fiscal year, between 1 October 2019 and 31 December 2019. This corresponds to a drop of 82% year-on-year from US$6.83m in the corresponding period of Pakistan’s 2019 fiscal year. The Express Tribune newspaper attributed the plunge to currency depreciation, lower retention prices and higher electricity tariffs. Sales in the three months to 31 December 2019 were US$34.4m, up by 5.5% year-on-year from US$32.6m to 31 December 2018.

The company said that the second quarter saw a 20% jump year-on-year in cement dispatches to 0.93Mt from 0.77Mt in the second quarter of the 2019 fiscal year. It expects a return to profitability in 2020.

Last modified on 26 February 2020
Published in Global Cement News
Tagged under
  • Pakistan
  • Fauji Cement
  • Results
  • currency
  • Prices
  • Energy
  • costs
  • Sales
  • Shipping
  • volumes
  • GCW444

Register for the Global Cement Weekly email newsletter

Global Cement Weekly is Global Cement’s weekly email newsletter. Keep up to date with cement industry news, analysis, diary dates and news of people in the sector.

Register >

Related items

  • Qalaa Holdings' sales and loss rise in first quarter of 2022
  • Holcim to acquire Cantillana
  • Pakistan’s cement despatches drop in 2022 financial year
  • FLSmidth to supply preheater and mills for upcoming Asian cement plant
  • Vietnam increases cement production by 6.9% in first half of 2022
back to top
“AI
“Loesche
“Airscape
P84 HT filter bags ensure the best filtration performance: Evonik - Leading Better Chemistry
Acquisition Cemex China CO2 concrete coronavirus Export France Germany Government grinding plant HeidelbergCement Holcim Import India Lafarge LafargeHolcim Mexico Nigeria Pakistan Plant Product Production Results Russia Sales Sustainability UK Upgrade US
« July 2022 »
Mon Tue Wed Thu Fri Sat Sun
        1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31



Sign up for FREE to Global Cement Weekly
Global Cement LinkedIn
Global Cement Facebook
Global Cement Twitter
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Members
  • Live
  • Login
  • Advertise
  • Knowledge Base
  • Alternative Fuels
  • Services
  • Jobs
  • Privacy & Cookie Policy
  • About
  • Register
  • Trial subscription
  • Contact
  • Conferences & Webinars >>
  • Global Ash
  • Global CemBoards
  • Global CemCCUS
  • Global CemEnergy
  • Global CemFuels
  • Global CemPower
  • Global CemProcess
  • Global CemProducer
  • Global Cement Quality Control
  • Global CemTrans
  • Global Concrete
  • Global FutureCem
  • Global Gypsum
  • Global GypSupply
  • Global Insulation
  • Global Slag
  • Global Synthetic Gypsum
  • Global Well Cem
  • African Cement
  • Asian Cement
  • American Cement
  • European Cement
  • Middle Eastern Cement
  • Magazine >>
  • Latest issue
  • Articles
  • Editorial programme
  • Contributors
  • Link
  • Awards
  • Back issues
  • Subscribe
  • Photography
  • Register for free copies
  • The Last Word
  • Websites >>
  • Global Gypsum
  • Global Slag
  • Global CemFuels
  • Global Concrete
  • Global Insulation
  • Pro Global Media
  • PRoIDS Online
  • Social >>
  • LinkedIn
  • Facebook
  • Twitter

© 2022 Pro Global Media Ltd. All rights reserved.