Cement News tagged under: Attock Cement Pakistan Ltd
Attock Cement profit shrinks by 25% in 9MFY1912 April 2019, Published under Cement NewsAttock Cement Pakistan Lt (ACPL) has announced its financial result for nine months period ended 31 March 2019 by declaring a net profit of PKR1.376bn (US$9.715m), down by 25 per cent YoY, as compared to PKR1.826bn in the same period last year. Net sales of the company during the 9MFY18-19 increased by 36 per cent to PKR16.15bn. Analysts attribute the rise in sales to stable growth in domestic sales, a considerable advance in clinker export sales and a positive impact of the country's cur... |
Attock Cement revenue increases in 1QFY1915 October 2018, Published under Cement NewsAttock Cement Pakistan Ltd (ACPL) has announced its 1QFY19 results. It reported a net profit after tax of PKR423m (US$3.2m), down 30 per cent YoY despite an increase in revenue from PKR3.59bn to PKR5.83bn during this period. Analyst believes another reason for the profit fall was a rise in coal prices during this period. The company incurred a higher distribution cost of PKR626m and administrative expenses PKR129m compared to PKR284m and PKR107m, respectively incurred in corresponding peri... |
Cement prices rise in Pakistan04 June 2018, Published under Cement NewsPrices of cement in Pakistan are expected to rise following an increase to the Federal Excise Duty (FED) to PKR1.50/kg (U$0.012) from PKR1.25/kg , in the Federal Budget 2018-19 (July 2018-June 2019). Experts expect local cement producers to pass on the extra government levy to end users. Last week Attock Cement Pakistan Ltd (ACPL) and Lucky Cement announced increases in their cement prices, respectively. The maximum retail price for ordinary Portland cement varies between PKR600-620/bag ... |
Attock Cement seeks gypsum/laterite supplier01 June 2018, Published under Cement NewsAttock Cement Pakistan Ltd (ACPL) has invited a tender for the bulk supply of gypsum and laterite in 2018-19. According to the company announcement, offers are invited for the supply of approximately 120,000t of gypsum and 120,000t of laterite between July 2018-June 2019 at its cement plant located at Hub Chowki, Lasbela, Balochistan. Bids are due on 21 June 2018. Sales review 9MFY18 In the first nine months of the 2017-18 financial year, the company's overall cement dispatches of comp... |
Pakistan's exports tipped to increase01 June 2018, Published under Cement NewsExperts are hoping an increase in exports of cement from Pakistan during the outgoing FY18. The country recorded its highest growth of cement exports during 2008-10, when, it hovered around 10.75Mt. Of late, exports have started to drift and reached at 4.66Mt in 2016-17 and 3.9Mt in 10 months of FY18. According to a research house report, cement exports are expected to post stellar growth of more than 37 per cent YoY in May, due to addition of new production plants of Lucky Cement and Att... |
Export of clinker from Pakistan on the rise20 April 2018, Published under Cement NewsThe Pakistan cement industry experts predict a greater clinker export potential for export since excess capacities in China have been curtailed substantially over environmental concerns, while demand from Bangladesh and other countries are also growing. India and Vietnam as well as east Africa (and particularly Uganda and Tanzania) remain viable export destinations for Pakistani cement producers, said Irfan Chawala, finance director and CFO at Lucky Cement Ltd and Irfan Amanullah, general ma... |
Attock Cement Pakistan profit falls in 3QFY 1817 April 2018, Published under Cement NewsAttock Cement Pakistan Ltd (ACPL) 3QFY18 financial results saw a decline in net profit to PKR674m (US$5.8m) from PKR860m (US$7.41m), earned in same quarter last year. This represents a profit fall by 22 per cent YoY. Its net sales increased to PKR4.57bn from PKR4.01bn during this period. The company incurred a distribution cost of PKR271m against PKR219m in 3QFY17. The administrative expenses stood at PKR135m compared to PKR128m in 3QFY17. Finance cost increased to PKR74m during 3QFY18... |
DG Khan Cement sees net profit fall by 17% in 1HFY1821 February 2018, Published under Cement NewsDG Khan Cement (DGKC) of Pakistan has announced that its net profit for the 1HFY18 fell by 17 per cent YoY to PKR4.50bn (US$40.6m). Despite an increase in total net sales of seven per cent to PKR15.76bn, the company's profit reportedly declined due to increase in the cost of sales. According to a company bourse filing on Tuesday, the company incurred a distribution cost of PKR460m and administrative expense of PKR296m compared to PKR505m and PKR261m, respectively in 1H16/17. The fina... |
Attock Cement reports net sales increase in 2H1725 January 2018, Published under Cement NewsAttock Cement Pakistan Ltd has announced its financial results for the half-year period ended 31 December 2017. The company’s profit after tax fell 16 per cent YoY, to PKR1.15bn (US$10.38m) from PKR1.37bn seen in the year-ago period. Attock Cement’s net sales increased to PKR7.56bn in the second half of 2017, compared to PKR7.22bn of 2H16. The company also reported a distribution cost of PKR48.5m (2016: PKR52.6m) and administrative expenses of PKR24.1m (2016: 20.9m) in the 2H17. Furthe... |
Is a record cement year on the cards for Pakistan?12 January 2018, Published under Cement NewsThis week it was announced that Attock Cement Company has launched a new 1.2Mta cement plant in Hub , just outside Karachi, while several brownfield and greenfield plants are also underway. Meanwhile, Lucky Cement has climbed its way back to the top of installed domestic capacity by completing its 1.3Mta brownfield expansion project at its Karachi plant in December. But with all this capacity expansion, will 2018 be a record year for Pakistani cement producers? Pakistan’s cement industry... |