Economy & Market
Fauji Cement sees increase in profit
Pakistan´s Fauji Cement has reported its financial results for FY15, including a 56.75 per cent increase in profit after tax (PAT) to Rs 4.1 billion. Revenue was up 6.3 per cent to Rs 18.6 billion. The growth in margins is attributed to lower coal and power costs and the start-up of its waste heat recovery plant. Sales were up 18 per cent in the final quarter as compared to the previous quarter. Cement demand in Pakistan has been on the increase this year, though exports have been disappointing.