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FECTO - Earning surges on growing volumes

 

Tuesday, 11 April 2017

 

By: WE Financial Services Limited

 

In our today's morning briefing we would discuss the performance of Fecto Cement Limited (FECTC) in 1HFY17.

 

Primarily on back of increased volumetric sales, the profit after taxation (PAT) of FECTC managed to reach Rs 450 million (EPS: Rs 8.96) in 1HFY17 resulting in a 9% YoY growth when compared to a PAT of Rs 412 million (EPS: Rs 8.21) in 1HFY16. However, surge in effective taxation did have negative impact on the bottom-line. On QoQ basis, the performance of the company remained impressive as PAT managed to post 26% growth in 2QFY17 to Rs 251 million (EPS: Rs 5) as against a PAT of Rs 199 million (EPS: Rs 3.96) in 1QFY17. This growth in earning was primarily attributed to higher volumetric sales and lower effective taxation. The effective taxation of the company reached 25.5% in 2QFY17 versus 31.6% in 1QFY17.

 

The net revenue of the company totaled Rs 2,766 million in 1HFY17 which is 11% YoY up when compared to a net revenue of Rs 2,492 million in the identical period in FY16 owing to increased volumetric sales. The cost of sales increased by 10% YoY in 1HFY17 to Rs 1,875 million. Therefore gross profit rose by 13% YoY in 1HFY17 to Rs 891 million as against Rs 788 million in 1HFY16. Consequently, gross profit margin reached 32.2% in 1HFY17 versus 31.6% in 1HFY16.

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Fecto Cement Limited

(FECTC)

September 28th, 2018

10:09:09 AM

FINANCIAL RESULT FOR THE YEAR ENDED 30/06/2018

 

PROFIT/LOSS BEFORE TAXATION RS. IN MILLION 599.628

PROFIT/LOSS AFTER TAXATION RS. IN MILLION 441.738

EPS = 8.81

DIVIDEND = 20%

 

ANNUAL GENERAL MEETING WILL BE HELD ON 25/10/2018

BOOK CLOSURE FROM 18/10/2018

BOOK CLOSURE TO 25/10/2018

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