Cement News tagged under: Dewan Cement Ltd
Dewan Cement reports losses on higher costs in FY22-2328 September 2023, Published under Cement NewsDewan Cement Ltd (DCL), subsidiary of Mega Conglomerate Pvt Ltd posted its financial results for FY22-23 on the Pakistan Stock Exchange (PSX) website on 26 September 2023. It reported a loss after taxation of -PKR586m against a loss of -PKR703m reported in a comparative period last year. The lower loss is attributed to the high cost of sales during this period despite better earnings of other income. According to the company's results, its sales increased to PKR20.19bn from PKR16.51bn... |
Dewan Cement sees 77% fall in turnover23 February 2021, Published under Cement NewsPakistan’s Dewan Cement Ltd has seen a 76.5 per cent YoY decline in net turnover to PKR948.17m (US$5.97m) for the first half of the FY20-21, compared with PKR4.04bn in the year-ago period. The company’s net loss has also expanded to PKR382.71m from PKR172.75m. In the 2QFY20-21, net turnover fell 58.5 per cent YoY to PKR931.64m while its net loss reached PKR266.59m in the quarter. |
Dewan Cement appoints new CEO29 January 2021, Published under Cement NewsPakistan’s Dewan Cement has announced the appointment of a new Chief Executive Officer and Director, with effect from 27 January. Malik Bilal Omar has been appointed in the role after the departure of Syed Muhammad Anwar. |
Dewan Cement profit succumbs to fall in sales in 1HY19-2025 February 2020, Published under Cement NewsDewan Cement Ltd (DCL) of Pakistan has announced its financial results for the half year ended 31 December 2019. It incurred a net loss of PKR172m (US$1.15m) as compared to profit of PKR328m earned in the same period last year. The losses can be attributed to a drastic fall in net sales and a modest increase in distribution cost and administrative expenses. The company's sales also decreased by 37.1 per cent to PKR4.04bn from PKR6.42bn in the same period last year. DCL incurred a higher dis... |
Dewan Cement makes changes in top management05 February 2020, Published under Cement NewsDewan Cement Ltd (DCL) has informed Pakistan Stock Exchange (PSX) about changes in top management. Company Secretary, Muhammad Hanif Germany stated in a bourse filing that Haroon Iqbal, Syed Muhammad Anwar, Ghazanfar Baber Siddiqi, Waseem-ul-Haque Ansari, Ishtiaq Ahmed, Muhammad Baqar Jafferi and Aziz ul-Haque have elected as the directors of the company. The new appointments have taken place on, and are thus effective from Monday, 27 January 2020. Ishtiaq Ahmed was appointed as chairman ... |
Dewan Cement of Pakistan to elect seven directors22 January 2020, Published under Cement NewsDewan Cement Ltd (DCL) has informed Pakistan Stock Exchange (PSX) on 20 January about the election of seven directors of the company for a three-year period. Company Secretary, Mohammad Hanif German, stated in a notification to PSX that the election will be carried out in the forthcoming Extra Ordinary General Meeting of the company, scheduled to be held on 27 January 2020. The new directors are expected to be Haroon Iqbal, Syed Muhammad Anwar, Waseem-ul-Haque Ansari, Ishtiaq Ahmed, Muh... |
Dewan Cement posts losses in 1QFY2024 October 2019, Published under Cement NewsDewan Cement Ltd (DCL) of Pakistan has announced its financial results for the 1QFY20 ended 30 September. It incurred a net loss of PKR62m (US$398,189) as compared to profit of PKR184m earned in the same quarter last year. The fall in profit was attributed to a decline in sales during the reporting period. The company incurred a lesser distribution cost of PKR28m against PKR30m in the same period last year. However, administrative expenses increased to PKR147m from PKR106m. The company’s sa... |
Dewan Cement posts losses in FY1925 September 2019, Published under Cement NewsDewan Cement Ltd (DCL) of Pakistan has announced its financial results for FY19 today. DCL incurred a net loss of PKR275m (US$17,608) as compared to profit of PKR902m earned in the same period last year. Apparently, decline in sales and increase in taxes, induced the profit to fall during the reporting period. DCL incurred a lesser distribution cost to PKR139m against PKR156m experienced in the same period last year. However, the administrative cost was increased to PKR701m in FY19 from PK... |
Dewan Cement reports 60% fall in net profit29 April 2019, Published under Cement NewsPakistan’s Dewan Cement Ltd (DCL) has announced its financial results for the third quarter ended 31 March, reporting a 59.6 per cent YoY decline in net profit to PKR394m (US$2.78m) from PKR975m. The company’s net sales fell 8.5 per cent to PKR9.46bn from PKR10.34bn during the 3QFY18-19. It also incurred a higher distribution cost of PKR175m, against PKR158m of the year-ago period. Administrative expenses rose to PKR472m from PKR412m. DCL has a cement capacity of 1.76Mta in Dhabeji, Si... |
Dewan Cement profit contracts by 40.29% in 1HFY1926 February 2019, Published under Cement NewsDewan Cement Ltd (DCL) has announced its financial results for the half year ended 31 December 2018. It declared net profits of PKR328m (US$2.74m), representing a decrease of 40.29 per cent YoY, as compared to PKR550m earned in the same period last year. Imran Ahmad Jawed, CFO of DCL, informed the Pakistan Stock Exchange (PSX) that the company's net sales edged up to PKR6.466bn from PKR6.457 during this period. It incurred a higher distribution cost of PKR111m against PKR106m in the same ... |