Cement News tagged under: Lucky Cement
Margins affected by 10% super tax08 August 2022, Published under Cement NewsPakistan cement companies listed on the Pakistan Stock Exchange (PSX) are scheduled to announce their financial results for FY21-22 in August-September. The cement industry has fingers crossed to see their top line, which is likely to be impacted by the government's imposition of a one-time surcharge on the previous year's income. The Inter Market Securities Ltd estimated that higher tax and interest would chop earnings of the top seven companies. IMS Cement Universe's (comprising Lucky ... |
Lucky Cement plans Karachi renewable energy project13 June 2022, Published under Cement NewsLucky Cement Ltd has informed the Pakistan Stock Exchange (PSX) that the Board of Directors of Lucky cement, in its emergent meeting on 11 June 2022, has authorised the management of the company to undertake a feasibility study for a renewable energy project at its cement plant in Karachi, including wind and solar power. General Manager Finance and Company Secretary of Lucky Cement, Faisal Mahmood, in a bourse filing, stated that the Lucky Cement was one of the earliest cement companies... |
Taiwan cement producers sees dent in revenues in May10 June 2022, Published under Cement NewsTaiwan’s cement producers reported mostly a decrease in revenues in May. Lucky Cement posted a 6.9 per cent YoY drop in May revenue to TWD332.258m (US$11.23m) from TWD357.039m in May 2021. In the first five months of 2022, revenue declined by 11.4 per cent to TWD1548.687m from TWD1748.555m in the January-May period. For Chia Hsin Cement Co the month proved more challenging as it saw revenue down 16.8 per cent YoY as the company posted a revenue of TWD163.521m in May 2022 from TWD196.43... |
Pakistan’s producers contend with soaring costs05 May 2022, Published under Cement NewsIn the first nine months of the current financial year (9MFY22), Pakistan’s cement producers sold 40.8Mt of cement, down 2.5Mt or 5.8 per cent on the same period a year earlier. While local dispatches have remained stable at 36.1Mt, exports have fallen by 35 per cent. With costs continuing to soar, domestic cement producers are reporting a mixed bag of results as the industry reels from the economic fallout of the pandemic and ongoing crisis in Ukraine. According to estimates by research... |
Lucky Cement sees double-digit profit growth02 May 2022, Published under Cement NewsLucky Cement Limited has reported profit after tax on a consolidated basis of PKR26.53bn (US$142.9m), of which PKR5.81bn was attributable to non-controlling interests, in the nine months ending March 31, 2022. This translates into earnings per share (EPS) of PKR64.07, compared to PKR56.36 in the same period a year earlier. The company saw gross turnover of PKR265.70bn, up 31.2 per cent YoY. Consolidated net profit, attributable to the owners’ of the holding company, advanced by 13.7 per cent... |
Pakistani cement producers earn a profit in 1HFY2211 March 2022, Published under Cement NewsThe major players in Pakistan’s cement industry have reported a profit during 1HFY22 in Pakistan. The Spectrum Research has attributed to an increase in the topline, a decrease in finance cost and an increase in other costs during this period, particularly in the 2QFY22. However, most of the companies did not announce any dividends. Industry dispatches in 1HFY22 According to Lucky Cement , the cement industry-wide local sales volume registered a growth of 1.9 per cent to reach 24.... |
Lucky Cement posts 15% fall in revenue in 10M2109 November 2021, Published under Cement NewsTaiwan’s Lucky Cement has posted a 27.5 per cent YoY decline in revenue to TWD276.7m (US$9.84m) in October 2021, compared to TWD381.65m in the year-ago period. In the first 10 months of the year, revenue decreased 14.9 per cent to TWD3.18bn from TWD3.74bn in the 10M20. |
Taiwan's producers see mixed September results08 October 2021, Published under Cement NewsTaiwan’s Asia Cement has reported a 7.9 per cent YoY rise in September revenue to TWD7.83bn (US$278.97m) from TWD7.26bn in the year-ago period. In the first nine months of the year, revenue increased 13.3 per cent to TWD61.81bn from TWD54.56bn. Universal Cement saw revenue advance 17.2 per cent YoY in September to TWD528.3m, while its 9M21 revenue was up 12.1 per cent to TWD4.36bn from TWD3.89bn. Elsewhere, Lucky Cement announced a 29 per cent decline in revenue for September to TWD269.96... |
Lucky Cement posts 19% decrease in revenue09 August 2021, Published under Cement NewsTaiwan’s Lucky Cement has posted a 19.1 per cent YoY decline in revenue to TWD310.86m (US$11.17m) in July 2021, compared to TWD384.04m in the same month of the previous year. In the first six months of the year, the company also reported an 8.6 per cent decrease in revenue to TWD2.39bn from TWD2.61bn in the 1H20. |
Lucky Cement sees 6% decline in revenue09 June 2021, Published under Cement NewsTaiwan’s Lucky Cement has seen its revenue stay largely flat at TWD357.04m (US$12.87m) in May 2021, compared to TWD357.16m in the year-ago period. In the January-May period, revenue declined 6.3 per cent YoY to TWD1.75bn from TWD1.87bn in the 5M20. |