ISLAMABAD: Fauji Cement and Kohat Cement companies have reported huge profit of more than 13.04 billion rupees in first three quarters of the ongoing financial year, 2021-22.
Kohat Cement has earned 7.33 billion pre-tax profit while Fauji Cement company has reported 5.71 billion rupees pre-tax profit from July 2021 to March 2022.
Net profit of Kohat Cement closed at 5.03 billion rupees while Fauji Cement booked 4.06 billion net profit after payment of taxes to the Federal Board of Revenue.
Also, the value of share of Kohat Cement has increased by 20.74 rupees in three quarters of the fiscal year 2021-22 while Fauji Cement reported only 2.94 rupees growth in its share-price at the stock market. Fauji Cement and Kohat Cement are listed at Pakistan Stock Exchange. Both the companies have shared their latest profits with their shareholders, regulators and other stakeholders as per the legal requirements.
None of these two cement companies, nevertheless, indicated payment of bonus or dividend to their shareholders.
A huge increase in profits of cement companies indicate growth in sales of cement along with increase in their prices during the period under review.