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Power Cement saw losses in 1HFY23-24


19 March 2024, Published under Cement News

Power Cement Ltd released its half-yearly financial report ending on 31 December 2023, wherein the company reported sales revenue at PKR16.84bn (US$60.23m), representing an increase of 33 per cent compared to the same period last year. The gross profit for the first half of FY23-24 surged to PKR3.95bn, indicating a growth of around 43 per cent compared to the first half of FY22-23. In the face of lower export prices, increased electricity prices and other challenges on the cost side, th...