Cement News tagged under: 9MFY19

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Economic Survey encompasses cement industry performance in 9MFY19

12 June 2019, Published under Cement News

Pakistan's government has released its economic survey for 2018-19. Reviewing the performance of the country's industrial sector including cement during 9MFY19, the survey reported that provisional growth in industrial sector has been estimated at only 1.4 per cent, mainly due to the decline by 2.1 per cent in the large-scale manufacturing sector and by nearly two per cent in mining and quarrying. The cement industry has been under pressure in this fiscal year as development expenditure h...

YTL Corp sees cement revenue fall 4% in 9MFY19

04 June 2019, Published under Cement News

YTL Corp Bhd released disappointing results for the 9MFY19 for its cement division. Cement revenue was down by four per cent YoY, but earnings were up 96 per cent YoY. The Malaysian company reported lower a sales volume impacting its top line. YTL Cement's margins improved significantly given the higher selling price and lower operating expenditure. The recent 51 per cent acquisition of Lafarge Malaysia will reflect a small loss in contributions in 4QFY19. The acquisition is expected to im...

Attock Cement profit shrinks by 25% in 9MFY19

12 April 2019, Published under Cement News

Attock Cement Pakistan Lt (ACPL) has announced its financial result for nine months period ended 31 March 2019 by declaring a net profit of PKR1.376bn (US$9.715m), down by 25 per cent YoY, as compared to PKR1.826bn in the same period last year. Net sales of the company during the 9MFY18-19  increased by 36 per cent to PKR16.15bn. Analysts attribute the rise in sales to stable growth in domestic sales, a considerable advance in clinker export sales and a positive impact of the country's cur...

A review of 9MFY19 performance of Pakistan’s cement industry

02 April 2019, Published under Cement News

IGI Securities has reviewed the performance of Pakistan's cement industry for the first nine months of FY18-19 (July 2018-March 2019). Provisional numbers show that cement dispatches for March 2019 declined by 12 per cent YoY to 4.11Mt. On a cumulative basis, this brings 9MFY18-19 total dispatches to 34.19Mt as against 34.76Mt, recorded in the same period last year, marking a fall of two per cent YoY. While local sales from southern Pakistan have grown by over 15 per cent during the nine-m...