Profit after tax of Fauji Cement increases to Rs 552.590 million

The profit after tax of Fauji Cement Company Limited has increased to Rs 552.590 million in the year ended June 30, 2012 (FY12) as compared to Rs 425.661 million in the same period in FY11. The board of directors of the company in its meeting declared that the company's earning per share (basic) stood at Re 0.29 in the period under review against Re 0.52 in the same period last year while earning per diluted share reduced to Re 0.29 from Re 0.34 last year.
According to the financial results sent to Karachi Stock Exchange, the company's net sales increased to Rs 11.523 billion in FY12 against Rs 4.742 billion in FY11. The cost of sales increased to Rs 8.454 billion against Rs 3.919 billion. The company's profit before tax increased to Rs 966.245 million in FY12 against Rs 488.153 million in FY11.