Material Information of Flying Cement Company Limited

Karachi, Flying Cement Company Limited informed Pakistan Stock Exchange that the Company has successfully started commercial operations of captive power plant of 12 MW at its site in Distt. Khushab”.

This is a significant milestone achieved by the Company in line with its strategic objectives of cost rationalization and optimization resulting in lower dependency on WAPDA’s power supply. By virtue of this, the Company is contemplating saving in energy cost up to 30% when compared to WAPDA’s surging tariff, which would positively reflect on the overall financial performance and profitability of the Company.

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.