Earnings Report /
Pakistan

Fauji Cement: 1QFY22 review – beats expectations on impressive gross margins

  • FCCL has posted a NPAT of PKR1.36bn for 1QFY22 (EPS: PKR0.98), up 95% yoy and 58% qoq in 1QFY22

  • FCCL announced that they are considering amalgamation of Askari Cement into the company through a share option scheme

  • Gross margins have risen to 30.4%, up by massive 8.8ppt yoy & 6.9ppt qoq, lower than our expected gross margins of 21%

Intermarket Securities
28 October 2021