Fauji Cement Company Limited reported its highest-ever profit in 2024, with a Profit After Tax reaching PKR 8.2 billion. This is a significant increase from the PKR 7.4 billion profit recorded in 2023.
The company’s remarkable performance resulted in an unexpected dividend payout of PKR 1.0 per share, which caused its share price to jump by 4.97% on the Pakistan Stock Exchange.
Despite facing a PKR 1.8 billion deferred tax charge due to new tax regulations, Fauji Cement managed to achieve these impressive results.
The company’s gross profit margin improved to 32%, thanks to a combination of higher sales prices, increased export volumes, and effective cost optimization strategies. These factors all contributed to the company’s strong financial performance, solidifying its position as a leader in the cement industry.
This achievement underscores Fauji Cement’s ability to navigate challenging market conditions while continuing to deliver value to its shareholders. The company’s focus on efficiency and its proactive approach to market opportunities played a key role in reaching this record profit level.
