Cement News tagged under: indian sub-continent
Pakistan’s cement industry exports exhibit mixed trends21 February 2024, Published under Cement NewsPakistan’s cement industry has registered significant growth in the first seven months of FY23-24 (July 2023-January 2024) due to the continued good exchange rate of the Pakistani rupee against foreign currency and other factors. AKD Research believes that the recent decline in international coal prices, dropping to US$92/t following reduced winter demand from Europe, presents a favourable development for the cement industry for local and exports. Pakistan’s cement and clinker exports inc... |
LafargeHolcim Bangladesh initiates plastic waste facility20 February 2024, Published under Cement NewsLafargeHolcim Bangladesh ( Holcim group ) and Sylhet City Corp (SCC) launched a joint initiative to install a material recovery facility at BDT153m (US$1.39m) to sustain plastic waste in Sylhet, eastern Bangladesh. This is the country’s first municipal solid waste and plastic waste segregation plant, enabling the automatic segregation of non-biodegradable plastic products. MD Tajul Islam, minister for local government, rural development and cooperatives (LGRD), recently inaugurated the fa... |
Cherat Cement saw 12 per cent profit growth in 1HFY23-2420 February 2024, Published under Cement NewsCherat Cement (CHCC) has recently uploaded its financial results to the Pakistan Stock Exchange (PSX) website. The company reported a 2QFY23-24 net profit after tax (NPAT) of PKR1.9bn (US$m12.2m), up 20 per cent YoY and 22 per cent QoQ. This result takes 1HFY23-24 NPAT to PKR3.4bn, up 12 per cent YoY. The positive result was possible due to increased gross margin and other income as well as a cut in financial costs during the three and six months. The company posted net sales of PKR20.... |
Crown Cement's net profits rise 649% in 1HFY23-2416 February 2024, Published under Cement NewsCrown Cement PLC , one of Bangladesh’s leading cement manufacturers, recently uploaded its financial results on the Dhaka Stock Exchange (DSX). The company witnessed a hefty surge in profit between July and December 2023 due to higher sales and other income from the shipping business. It earned a profit of BDT706.18m (US$6.436m) compared to BDT94.28m in July-December 2022, a YoY increase of 649 per cent. The company also attributed the expansion in profit to the rise in prices of cement bag... |
Confidence Cement’s net profit rises 25% in 1HFY23-2416 February 2024, Published under Cement NewsConfidence Cement PLC , Bangladesh’s leading cement manufacturer, recently announced its financial results on the Dhaka Stock Exchange (DSX). The company reported a profit after tax of BDT434.1m (US$3.96m) between July and December 2023 (six months) against a profit of BDT346.3m earned during the same period last year. This translates into a growth of 25.34 per cent in profit due to a fall in the cost of sales, less foreign currency exchange loss and deferred tax options. The company sal... |
Kohat Cement Co profits grow by 24% in 1HFY23-2415 February 2024, Published under Cement NewsKohat Cement Co Ltd announced its financial result for 1HFY23-24 on the Pakistan Stock Exchange website on 14 February, posting a profit after tax (PAT) of PKR4.453bn (US$15.9m) compared to a PAT of PKR3.578bn in the same period last year (SPLY). This translates into a growth of 24 per cent YoY. On the other hand, the profitability in 2QFY23-24 advanced by 14 per cent YoY to PKR2.224bn compared to SPLY. According to AHL Research, the topline during 1HFY23-24 clocked in at PKR21.462bn, s... |
Kohat Cement Co to post strong results12 February 2024, Published under Cement NewsKohat Cement Co Ltd is scheduled to announce its financial result for 1HFY23-24 (July-December 2023) on 14 February whereby AHL Research anticipate the company will post a profit after tax of PKR4.313bn (US$15.57m) as compared PKR3.578bn, up by 21 per cent YoY. Likewise, in 2QFY23-24 (October-December 2023) earnings are expected to climb by seven per cent YoY, arriving at PKR2.084bn. The top line in 2QFY23-24 is expected to decline by nine per cent YoY to settle at PKR10.017bn... |
Attock Cement Pakistan’s profitability jumps 264% in 1HFY2408 February 2024, Published under Cement NewsAttock Cement Pakistan Ltd posted its financial result for 1HFY23-24 on the Pakistan Stock Exchange (PSX) website on 6 February, wherein it declared a profit after tax (PAT) of PKR2.04bn (US$730.1m) compared to a PAT of PKR560m in the same period last year, a growth of 264 per cent YoY. The company's profitability in 2QFY23-24 advanced by 12 per cent YoY to PKR497m compared to the year-ago period. Alongside the result, ACPL announced an interim cash dividend of PKR2.50/share in 2QFY23-2... |
Cement dispatches exhibit mixed trend during January 202407 February 2024, Published under Cement NewsPakistan's total cement dispatches declined by 14.8 per cent in January 2024 to 3.414Mt against 4.006Mt in January 2023. Out of this total, local cement deliveries decreased by 17.3 per cent to 2.967Mt compared to 3.588Mt in January 2023. However, exports increased by 6.8 per cent as the volumes increased from 418,067t in January 2023 to 446,595t in January 2024. A spokesman of the All Pakistan Cement Manufacturers Association (APCMA) informed the government about the serious implications... |
Bangladesh cement export turns in double-digit 7MFY23-2407 February 2024, Published under Cement NewsBangladesh has recorded a 59 per cent YoY expansion in cement export revenue to US$10.51m in the first seven months (July-January 2024) of FY23-24 from US$6.61m in the same seven months of the previous year, according to the Bangladesh Export Promotion Bureau (EPB). This figure includes minor amounts of salt, stone and related products. The 21.1 per cent YoY rise in cement exports also surpassed the target of US$8.68m for 7MFY23-24. Bangladesh had set a higher target export revenue of US$... |