Cement News tagged under: Pakistan
APCMA re-elects Aizaz Mansoor as chairman10 October 2012, Published under Cement NewsThe All Pakistan Cement Manufacturers Association (APCMA) has re-elected Aizaz Mansoor Sheikh unanimously as Chairman of APCMA in its Annual General Meeting held at APCMA Secretariat, Lahore. According to an announcement issued by the APCMA here on Tuesday Sayeed Tariq Saigol of Maple Leaf Cement Factory Limited and Muhammad Ali Tabba of Lucky Cement Limited were also unanimously re-elected as Vice Chairmen of the Association. Aizaz Mansoor Sheikh of Kohat Cement Company Limited has serve... |
Pakistan cement sector profitability improves in FY1205 October 2012, Published under Cement NewsPakistan’s cement sector closed FY12 with profitability growing eight per cent with improvements being seen for both larger and smaller producers. Total industry sales were 32.5Mt, up three per cent YoY. Capacity utilisation, however, dipped to 74 per cent compared to 76 per cent in the previous year due an additional 3Mta of new capacity coming on-stream during the year in the form of Fauji Cement Company's 7560tpd line. Total industry capacity now stands at 44Mta. On a per tonne basis, ... |
Bestway Cement's full year profit increases, Pakistan02 October 2012, Published under Cement NewsPakistan-based cement producer Bestway Cement announced that its profit after tax increased to PKR3.06bn in the year ended 30 June 2012 (FY12) compared to PKR179.230m in the corresponding period in FY11, according to reports in the Business Standard. Earnings per share has increased to Rs 5.29 in the period under review against Re 0.57 in the same period last year. According to the financial results sent to Karachi Stock Exchange on Monday turnover increased to PKR17.788bn in FY12 against... |
Pakistan cement export volumes fall 20.8% YoY01 October 2012, Published under Cement NewsDuring the first two months during FY12-13, Pakistan exported 1.154Mt of cement and earned US$91.356m compared to 1.457Mt at US$75.891m in corresponding period last year. This shows that cement export fell by 20.79 per cent in terms of quantity but rose by 20.38 per cent in terms of value in dollar over corresponding period last year respectively, according to data released by Pakistan's Federal Bureau of Statistics. However, in terms of Pakistani currency, exports rose 31.69 per cent du... |
Fecto Cement's profit after tax increases, Pakistan28 September 2012, Published under Cement NewsThe profit after tax of Pakistan cement producer Fecto Cement Ltd increased to PKR346.729m in the year ended June 30, 2012 (FY12) compared to PKR65.433m earned in the corresponding period in FY11. The board of directors declared that the company's earning per share has increased to PKR6.91 in the period under review against PKR1.30 in the same period last year. According to the financial results sent to Karachi Stock Exchange, the company's net sales increased to PKR4.342bn in FY12 against ... |
Fauji Cement reports PKR377m in FY12 profit27 September 2012, Published under Cement NewsPakistan’s Fauji Cement Company Limited (FCCL) reported PKR377m (US$3.97m) profit after paying tax in FY12 compared with PKR359m in FY11. Though FCCL achieved a 3.7x YoY growth in gross profit, but 17.6x jump in financial charges and 2.6x higher preference dividend led to a modest profitability growth, according to the Daily Times. The company brought an extra 7200tpd of capacity online, which resulted in an 84 per cent increase in cement volumes to 2Mt. In addition, a 32 per cent rise... |
Pakistan exports see 20.4% YoY rise21 September 2012, Published under Cement NewsPakistan cement exports during the first two months of the current financial year posted growth of 20.38 per cent compared to the same period of last year. According to data of Pakistan Bureau of Statistics (PBS), 1,154,554t of cement worth US$91.356m was exported during the July to August 2012 period against 1,457,677t worth US$ 75.891m in same period of last year. Cement export from the country recorded 11.8 percent during the month of August compared to exports in the previous mont... |
Attock Cement full year profit rises, Pakistan19 September 2012, Published under Cement NewsAttock Cement Pakistan reported profit after tax to PKR1.44bn for the year ended 30 June 2012 compared to PKR684m in the previous year, thanks to higher prices. Net sales rose to PKR10.63bn in FY12 against PKR8.55bn in FY11 while cost of sales rose to PKR7.691bn against PKR6.8bn a year earlier. Pretax profit for FY12 rose to PKR2.03bn compared to PKR1.03bn a year earlier. |
Fauji Cement increases full year profit, Pakistan18 September 2012, Published under Cement NewsProfit after tax of Fauji Cement Company Limited increased to PKR552.590m in the year ended 30 June 2012 (FY12) compared to PKR425.661m in the same period in FY11. According to the financial results sent to Karachi Stock Exchange, the company's net sales increased to PKR11.523bn in FY12 against PKR4.742bn in FY11. The cost of sales increased to PKR8.454bn compared to PKR 3.919bn. Pretax profit increased to PKR966.245m in FY12 against PKR488.153m in FY11. |
Kohat Cement plans waste heat recovery project, Pakistan17 September 2012, Published under Cement NewsPakistan cement producer Kohat Cement is planning to construct a 9MW waste heat recovery project (WHRP). Sources say the plant will reduce electricity dependency on the national grid by 38 per cent. Kohat is currently under negotiations with different suppliers, although the project cost and its timeline are as yet undisclosed. The company achieved YoY profitability 26 times higher with profit after tax (PAT) of PKR661m in FY12 compared to PKR64m in FY11. This was mainly due to improve... |