Cement News tagged under: Pakistan
Kohat Cement Co posted a profit of PKR6.512bn in 9MFY23-2429 April 2024, Published under Cement NewsKohat Cement Co Ltd (KOHC) announced its financial results for the 9MFY23-24 on 25 April. It posted a profit after tax (PAT) of PKR6.512bn (US$23.3m) compared to PKR5.363bn in the same period in the previous year, up by 21 per cent YoY. Result highlights from AHL Research report that the topline in the 9MFY23-24 remained stable at PKR29.972bn. Earnings per share (EPS) increased to PKR33.25 in the 9MFY23-24 from PKR26.91 in the 9MFY22-23. Selling and distribution expenses in 9MFY23... |
Maple Leaf Cement Factory's profit falls 13% in 9MFY23-2429 April 2024, Published under Cement NewsMaple Leaf Cement Factory Ltd (MLCF) announced its financial result for the 9MFY23-24 on the Pakistan Stock Exchange website on 25 April, posting a profit after tax (PAT) of PKR5.374bn (US$19.26m) compared to a PAT of PKR6.185bn in the same period of the previous year, down by 13 per cent YoY. Earnings per share (EPS) declined to PKR5.01 in the 9MFY23-24 from PKR5.76 in the year-ago period. The result highlights from AHL Research said that the topline in the 9MFY23-24 arrived at PKR50.... |
Fauji Cement posts a profit of PKR7.043bn in 9MFY23-2426 April 2024, Published under Cement NewsFauji Cement Co Ltd (FCCL) announced its financial results for 9MFY23-24 on the Pakistan Stock Exchange website. The company posted a profit after tax (PAT) of PKR7.043bn compared to PKR6.968bn in the previous period, up by a meagre one per cent YoY. During the 3QFY23-24, earnings arrived at PKR1.769bn compared to PKR1.888bn, a fall of six per cent YoY, as reported in the initial financial coverage report from AHL Research. The topline during 9MFY23-24 reached PKR59.4bn, an uptick of 14 p... |
DG Khan Cement posts 6% YoY profit growth in 9MFY2423 April 2024, Published under Cement NewsDG Khan Cement Co Ltd (DGKC) announced its financial results for the 9MFY24 and 3QFY24 on the Pakistan Stock Exchange (PSX) website on 19 April. It posted a profit after tax (PAT) of PKR2.23bn (US$8.25m) compared to PKR2.11bn in the same period last year, up by six per cent YoY. However, during the 3QFY24 (January-March 2024), earnings remained consistent at PKR1.18bn. A cursory review of results from AHL Research depicts that the topline in the 9MFY24 arrived at PKR49.05bn, showing an... |
Pakistan's cement/clinker exports rose 33% in the 9MFY23-2422 April 2024, Published under Cement NewsPakistan’s cement and clinker exports increased by 32.51 per cent in the 9MFY23-24 to US$179.47m (4.63Mt), compared to US$135.43m (2.90Mt) in the 9MFY22-23, the Pakistan Bureau of Statistics (PBS) said. In Pakistani rupee terms, export revenue saw a significant growth of 59 per cent to PKR51.24bn during the period, sustained by the local currency’s competitive rates against the US dollar. In addition, export volumes increased by 59.41 per cent YoY in the same period. The growth can be att... |
Bestway Cement posts a fall in profit in 9MFY23-2419 April 2024, Published under Cement NewsBestway Cement Ltd (BWCL) announced its 3QFY23-24 (January-March 2024) and 9MFY23-24 (July 2023-March 2024) results on the Pakistan Stock Exchange (PSX) on 17 April 2024. The company’s net earnings stood at PKR10.31bn (US$37m) in the 9MFY23-24, down by 11.4 per cent YoY. The high cost of finance and expensive sales can be attributed to the lower profits during this period. During this period, its gross sales increased by 27.1 per cent to PKR112.11bn from PKR88.22bn. It incurred a distri... |
Attock Cement adds a new line at Hub17 April 2024, Published under Cement NewsIrfan Amanullah, company secretary at Attock Cement , informed the Pakistan Stock Exchange on 16 April that construction and installation work concerning the additional 1.275Mta cement line at the Hub manufacturing site in Baluchistan was completed. The new line is now operational and production has commenced. |
Pakistan producers to add expiry dates to cement bags17 April 2024, Published under Cement NewsThe Competition Commission of Pakistan (CCP) has issued a Policy Note under Section 29 of the Competition Act, 2010 to the Ministry of Science and Technology and Pakistan Standards and Quality Control Authority (PSQCA). The Policy Note recommends an amendment to the Pakistan Standard Specification for all five types of cement and make it mandatory for cement manufacturers to disclose the ‘manufacturing/packaging and expiry/best before’ dates on their cement bags. CCP observed that ceme... |
Administrative changes at Fecto Cement and Fauji Cement11 April 2024, Published under Cement NewsFecto Cement Ltd's Company Secretary, Abdul Wahab, informed Pakistan Stock Exchange Ltd (PSX) on 8 April that Hanif Idress has been appointed as the Chief Financial Officer (CFO) of Fecto Cement Ltd in place of Abdul Samad with effect from 1 April 2024. The information is also meant for PSX TRE Certificate Holders accordingly. Meawnhile, on 8 April Fauji Cement Co Ltd (FCCL) informed the Pakistan Stock Exchange Ltd (PSX) that Lt Gen Anwar Ali Hyder, HI (M), (Retired) had been appointe... |
Cement production sees negligible growth in 7MFY23-2410 April 2024, Published under Cement NewsAccording to the Pakistan Bureau of Statistics, Pakistan’s cement industry production during the first seven months of FY23-24 (July 2023-January 2024) stood at 24.24Mt, almost flat (0.05 per cent growth) compared to the previous year’s corresponding data. The obvious reason was the slowdown in the country’s construction industry due to the high cost of business. However, Johar Qandhari, president of the Korangi Association of Trade and Industry (KATI), expressed satisfaction over the re... |