FCCL: PAT inches up by 10% YoY in 1QFY23 – Mettis Global Link

FCCL: PAT inches up by 10% YoY in 1QFY23 – Mettis Global Link

October 24, 2022 (MLN): Fauji Cement Company Ltd (PSX: FCCL) has discovered its economical assertion for the quarter that finished on September 30, 2022, as for each which the organization witnessed a 10% YoY boost as the gain just after tax (PAT) clocked in at Rs2.31 billion with earnings per share at Rs1.06, when compared to the PAT Rs2.1bn (EPS: Rs .97) noted in 1QFY22.

Through the interval, FCCL’s topline grew by 27% YoY to stood at Rs14.7bn when the cost of sales inched up by 29% YoY through the period. Resultantly, the gross margin of the company has shrank to 28.66% YoY from 29.63% in 1QFY22.

The selling and distribution value stood at Rs129mn in 1QFY23 whilst, the administrative expenses greater by 15.21% YoY to 318.74mn.  In addition, the other fees of the enterprise surged to Rs236mn in the assessment time period, marking an up of 17.49% YoY.

The finance income of the firm observed a notable raise of 38% YoY to Rs174.6mn in 1QFY23, when compared to Rs126.46mn in 1QFY22.

Meanwhile, finance cost has jumped to Rs414.64mn, up by 89% YoY due to higher desire prices.

On the taxation entrance, the organization compensated Rs1bn taxes throughout the assessment period of time, in contrast to Rs662.46mn paid in 1QFY22.

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Posted on:2022-10-24T12:28:49+05:00