During the year under review the performance of the company remained quite impressive as its sales and profitability were considerably on the higher side as compared to the preceding year’s. However, the Board of Directors skipped dividend this year as cash outflow at this juncture is not appreciable because of funds needed to meet the financing of huge expansion project.
The company is installing two new lines at its Pezu, NWFP plant. Similarly, the company is building a green field Plant consisting of two lines which will be able to produce a total of 8,400t of cement of different types and grades per day. The company is also taking up new projects at Karachi of a cement plant (project cost Rs 5.50bn) and power generation plant (cost at Rs 1.20m) and total cost of projects would be Rs 6.70bn.