Cement News tagged under: Attock Cement Pakistan Ltd

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Attock temporarily closes doors amid COVID-19

27 March 2020, Published under Cement News

Pakistan’s cement industry has been impacted by measures taken by federal and provincial governments to stop the spread of the coronavirus in the country. Attock Cement Pakistan Ltd has informed the Pakistan Stock Exchange in accordance with Section 96 of the Securities Act, 2015 and Clause 5.6.1(a) of P5X Regulations: “In view of the prevailing lock down announced by the Governments of Sindh and Balochistan in order to control the spread of COVlD-I9, the management of Attock Cement Pakistan...

Attock Cement reports 41% growth in profit during 1HY19-20

23 January 2020, Published under Cement News

On 21 January 2020, Attock Cement Pakistan Ltd (ACPL) announced its 1HFY19-20 financial results (for the period ended 31 December 2019). According to a notification by Attock Cement to the Pakistan Stock Exchange (PSX), the company's consolidated profits after tax increased to PKR1.15bn (US$7.44m) during this period, from PKR816m earned in corresponding period of FY18. This translates an increase of 41.3 per cent on YoY basis, which was possible due to a sales increase to PKR12.45bn from P...

Attock Cement's perceptions for Pakistan's cement industry  

02 October 2019, Published under Cement News

Top officials of Attock Cement Pakistan Ltd (ACPL) presented a pictorial review of Pakistan cement industry in local bourse house on 30 September. Muhammad Rehan, chief financial officer and  Muhammad Irfan Amanulah, senior general manager and company secretary, highlighted the company performance, issues negating to industry's profitability and future outlook. Cement sales The sale of cement in Pakistan is likely to remain flat at 47Mt during FY19-20 but may inch up to 49Mt during FY21-...

Attock Cement's grinding unit starts production in Iraq

02 September 2019, Published under Cement News

Attock Cement Pakistan Limited (ACPL) has informed the Pakistan Stock Exchange (PSX) that commercial production from its newly constructed 0.9Mta cement grinding unit in Basra, Iraq, commenced on 1 September. ACPL has succeeded in exporting a huge quality of clinker and cement both in bags and bulk to UAE, South Africa, Iraq, Sri Lanka and many other countries. In addition, the company also produces low-alkali cement. It is a member company of Pharaon Commercial Investment Group, pre...

Attock Cement profit falls in FY19

30 July 2019, Published under Cement News

Attock Cement Pakistan Ltd (ACPL) has announced its FY19 results, reporting a net profit after tax fall  to PKR2.073bn (US$12.86m) from PKR4.4bn in FY18, down 53 per cent on YoY. Along with the result, ACPL also announced a final cash dividend of PKR4/share. The topline of the company grew 26 per cent YoY during FY19 to PKR 20.781bn, led by 29 per cent YoY growth in sales volume (mainly exports), a research house commented. However, financial charges of the company swelled significantly by...

Askari seeks minning lease approval

26 July 2019, Published under Cement News

Askari Cement Ltd (ACL) has submitted  an application to Environmental Protection Agency (EPA), Government of Punjab to seek environment approval under section 12 Punjab Environment Protection Act 1997 for mining of limestone at Wah and  Hassan Abdal, Rawalpindi Attock district in Punjab province, Pakistan. According to a public notification, Environmental Protection Agency (EPA), the Government of Punjab has invited comments from all stakeholders and the general public for their comments...

Attock Cement commences trial production at Iraqi grinding unit

17 April 2019, Published under Cement News

Attock Cement Pakistan Ltd (ACPL) has further updated Pakistan Stock Exchange (PSX) about its Iraq project. Trial production at the newly-constructed cement plant has now commenced, according to company. In the beginning of this year, the company also announced that the entire civil, mechanical and electrical work at its joint venture cement grinding unit in Basra, Iraq, was at the commissioning stage. A local research house also highlighted that ACPL's 0.9Mta Iraq project is currentl...

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...

Attock Cement revenue increases in 1QFY19

15 October 2018, Published under Cement News

Attock Cement Pakistan Ltd (ACPL) has announced its 1QFY19 results. It reported a net profit after tax of PKR423m (US$3.2m), down 30 per cent YoY despite an increase in revenue from PKR3.59bn to PKR5.83bn during this period. Analyst believes another reason for the profit fall was a rise in coal prices during this period. The company incurred a higher distribution cost of PKR626m and administrative expenses PKR129m compared to PKR284m and PKR107m, respectively incurred in corresponding peri...

Cement prices rise in Pakistan

04 June 2018, Published under Cement News

Prices of cement in Pakistan are expected to rise following an increase to the Federal Excise Duty (FED) to PKR1.50/kg (U$0.012) from PKR1.25/kg , in the Federal Budget 2018-19 (July 2018-June 2019). Experts expect local cement producers to pass on the extra government levy to end users.   Last week Attock Cement Pakistan Ltd (ACPL) and Lucky Cement announced increases in their cement prices, respectively. The maximum retail price for ordinary Portland cement varies between PKR600-620/bag ...