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

Catrina P. Smith

Oct 24, 2022 (MLN): Fauji Cement Business Ltd (PSX: FCCL) has discovered its money statement for the quarter that ended on September 30, 2022, as per which the firm witnessed a 10% YoY boost as the profit following tax (PAT) clocked in at Rs2.31 billion with earnings per share at Rs1.06, in comparison to the PAT Rs2.1bn (EPS: Rs .97) noted in 1QFY22.

During the period of time, FCCL’s topline grew by 27% YoY to stood at Rs14.7bn while the value of profits inched up by 29% YoY throughout the period of time. Resultantly, the gross margin of the company has shrank to 28.66% YoY from 29.63% in 1QFY22.

The promoting and distribution charge stood at Rs129mn in 1QFY23 whereas, the administrative bills greater by 15.21% YoY to 318.74mn.  In addition, the other expenditures of the company surged to Rs236mn in the critique time period, marking an up of 17.49% YoY.

The finance income of the enterprise noticed a notable enhance of 38% YoY to Rs174.6mn in 1QFY23, as opposed to Rs126.46mn in 1QFY22.

In the meantime, finance expense has jumped to Rs414.64mn, up by 89% YoY because of to increased interest costs.

On the taxation front, the business paid out Rs1bn taxes during the overview period, in comparison to Rs662.46mn compensated in 1QFY22.

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

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