Pakistan: quarterly gains expected

Pakistan: quarterly gains expected
03 January 2014

Pakistan cement dispatches during the second quarter of the current fiscal are expected to have increased by 5.13 per cent on a QoQ basis to 8.2Mt compared to 7.8Mt in the first three months of the year.

According to a report by InvestCap, domestic sales are anticipated to have increased by 14 per cent over the October-December period on a QoQ basis but exports are seen declining 16 per cent.

Total dispatches increased by four per cent in December compared to 2.73Mt in November, the report added. However, on a YoY basis, the increase was only one per cent.

The analyst further stated in a report that total cement volumes are expected to touch 16Mt during the first half (July-December) of FY14 compared with 15.9Mt in the first half of FY13.  Capacity utilisation is estimated to remain at 69 per cent during the first half of FY14, InvestCap added.

Published under Cement News

Tagged Under: Dispatches Pakistan