They said that revenue per ton of the company rose by 24 percent to Rs 6,311 as against Rs 5,082 during the same period previous year while cost per bag inched up 8 percent. This resulted in gross margins expansion by 10pps to 32 percent. Benefiting from lower interest rate environment FCCL’s finance cost came down by 4 percent to Rs 1.15bn.
“In 3QFY13 the company posted profit of Rs 647 million (EPS Rs 0.49) as against Rs 562 million (EPS Rs 0.42) in 2QFY13, up 15 percent,” they said. Despite contraction in margins at gross level, lower financial charges that stems from slower declining interest rates and PKR devaluation as against USD to be the prime imputes for FCCL’s profitability growth in 3QFY13, they added.