Financial results of Flying Cement Company Limited for Year ended June 30, 2021

Financial Results

Karachi, Flying Cement Company Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on September 20, 2021.

The agenda of the meeting was discussion of profit and loss account for Year ended June 30, 2021 which portrayed a profit of Rs. 143,630,340 with earnings per share 0.38 basic and diluted respectively.

Further, nil payment of cash dividend, 5%bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from October 28, 2021 to October 28, 2021 (both days inclusive).

Flying Cement Company Limited formerly known as Zaman Cement Company Limited was incorporated in December 1992 as a public limited company.

The factory is located in Mangowal, District Khushab, in the heart of Punjab Province, it comprises of land in excess of 121 acres. The company has a single kiln having an installed capacity of 2000 tons per day of cement using the latest dry process technology and a rated capacity of 600,000 metric tons of cement per annum.

The Company’s main business activity is manufacturing, marketing and sale of cement. The Company is listed Pakistan Stock Exchange Limited and the shares of the company are 376,000,000. The Earnings per shares of the Company is (3.02) in 2020 which was 0.81 in 2019. Their Profit after Taxation is (530,720,000) in 2020 which was 142,362,000 in 2019.