Cement News tagged under: Attock Cement Pakistan Ltd

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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 ...

Attock Cement seeks gypsum/laterite supplier

01 June 2018, Published under Cement News

Attock Cement Pakistan Ltd (ACPL) has invited a tender for the bulk supply of gypsum and laterite in  2018-19. According to the company announcement, offers are invited for the supply of approximately 120,000t of gypsum and 120,000t of laterite between July 2018-June 2019 at its cement plant located at Hub Chowki, Lasbela, Balochistan. Bids are due on 21 June 2018.   Sales review 9MFY18 In the first nine months of the 2017-18 financial year, the company's overall cement dispatches of comp...

Pakistan's exports tipped to increase

01 June 2018, Published under Cement News

Experts are hoping an increase in exports of cement from Pakistan during the outgoing FY18. The country recorded its highest growth of cement exports during 2008-10, when, it hovered around 10.75Mt. Of late, exports have started to drift and reached at 4.66Mt in 2016-17 and 3.9Mt in 10 months of FY18.   According to a research house report, cement exports are expected to post stellar growth of more than 37 per cent YoY in May, due to addition of new production plants of Lucky Cement and Att...

Export of clinker from Pakistan on the rise

20 April 2018, Published under Cement News

The Pakistan cement industry experts predict a greater clinker export potential for export since excess capacities in China have been curtailed substantially over environmental concerns, while demand from Bangladesh and other countries are also growing. India and Vietnam as well as east Africa (and particularly Uganda and Tanzania) remain viable export destinations for Pakistani cement producers, said Irfan Chawala, finance director and CFO at Lucky Cement Ltd and Irfan Amanullah, general ma...

Attock Cement Pakistan profit falls in 3QFY 18

17 April 2018, Published under Cement News

Attock Cement Pakistan Ltd (ACPL) 3QFY18 financial results saw a decline in net profit to PKR674m (US$5.8m) from PKR860m (US$7.41m), earned in same quarter last year. This represents a profit fall by  22 per cent YoY. Its net sales increased to PKR4.57bn from PKR4.01bn during this period. The company incurred a distribution cost of PKR271m against PKR219m in 3QFY17. The administrative expenses stood at PKR135m compared to PKR128m in 3QFY17. Finance cost increased to PKR74m during 3QFY18...