RAWALPINDI: The Board of Directors of Fauji Cement Company Limited (FCCL) convened at their head office in Chaklala, Rawalpindi, on February 25, 2025, to review and approve the financial results for the six months ending December 31, 2024. The meeting resulted in recommendations to forgo any cash dividends, bonus shares, or right shares for the period.

The company's dispatches in the first half of the fiscal year 2025 reached 2.81 million tons, marking a 9% increase from the 2.58 million tons recorded in the same period last year. This uptick in dispatches contributed to a net revenue of Rs. 47,844 million, up from Rs. 40,352 million in the corresponding period of the previous year.

Fauji Cement reported a gross profit margin improvement to 35% from 32% in the previous year. This enhancement is attributed to better sale prices and the successful implementation of cost optimization strategies. These strategies included the reduction of packing material costs following the acquisition of a PP Bags Plant, increased use of locally sourced coal, adoption of alternative fuels, heightened power generation capacity, and optimization of fixed costs. Additionally, the company benefited from a decrease in interest rates, which followed a reduction in KIBOR, inflation, and the policy rate by the State Bank of Pakistan during the first half of fiscal year 2025.

According to information available from the Pakistan Stock Exchange (PSX), Fauji Cement achieved a profit after tax (PAT) of Rs. 7.27 billion compared to Rs. 5.27 billion in the same period last year, a 38% increase. This growth reflects the impact of the aforementioned factors.

The condensed interim unaudited financial statements for the period ending December 31, 2024, are scheduled to be transmitted through the PUCARS system within the designated period.

The company's share capital remained stable with an ordinary shares balance of Rs. 24,528.48 million and a capital reserve of Rs. 15,253.13 million. However, the revenue reserve saw an increase from Rs. 33,617.24 million to Rs. 38,431.54 million by December 31, 2024, following a comprehensive income of Rs. 7,267.14 million for the period. This was partially offset by a final dividend distribution for 2024 at Rs. 1.00 per share, amounting to Rs. 2,452.85 million. The overall balance as of December 31, 2024, stood at Rs. 78,213.15 million.