Cherat Cement Pakistan profits up by 50%

Cherat Cement (CHCC) of Pakistan has announced 1QFY18 net profit after tax of PKR606m (US$5.75m), up 50 per cent YoY.
 
The company net sales grew by 33 per cent YoY to PKR 3.891bn. It incurred distribution expenses of PKR81m and administrative expenses of PKR57m compared with PKR63m and PKR50m, respectively in 1QFY17.
 
Along with result, CHCC announced the installation of a 10MW WHR system on Line III. The plant is expected to cost PKR1.2bn and would commence operations right after the start-up of Line III.  CHCC  already announced a 7100tpd (2.23Mta) expansion project.