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News Fauji Cement posts profits of US$5.71m

Fauji Cement posts profits of US$5.71m

Written by Global Cement staff 02 November 2015
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Pakistan: Fauji Cement Company Limited's profit rose from US$5.71m to US$10.5m in the third quarter of 2015, which ended on 30 September 2015. Company revenue grew by 4.9% year-on-year to US$41.6m as local dispatches remained strong and prices remained intact.

"The result outperformed the market forecast for the quarter on the back of lower-than-anticipated cost of goods sold and financial charges," said Faizan Ahmed. "Resultantly, gross profits grew by 41% to US$18m. In addition, financial charges declined by 40% to US$1.88m due to deleveraging and monetary easing."

Published in Global Cement News
Tagged under
  • Pakistan
  • Fauji Cement
  • Results

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