Cement News tagged under: Attock Cement Pakistan Ltd

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Attock Cement Pakistan reports fall in profits

20 October 2017, Published under Cement News

Attock Cement Pakistan Ltd (ACPL) announced its 1QFY18 financial result, which saw it post earnings before tax of PKR604m (US$5.7m) against PKR690m reported in 1QFY17. This reflects a fall in profit of 12.46 per cent. Revenue of the company witnessed a healthy growth of seven per cent YoY to PKR3.6bn, primarily on the back of growth in total dispatches and stable domestic cement prices. According to a company notification to Pakistan Stock Exchange today, no bonus share or di...

Iraq and Pakistan discuss co-operation for cement industry

13 April 2017, Published under Cement News

Iraq and Pakistan have discussed close mutual cooperation in the areas of cement, trade and commerce.  While meeting Shamim Ahmed Firpo, president of the Karachi Chamber of Commerce and Industry (KCCI) on 12 April, Ambassador of Iraq in Pakistan, Dr Ali Yasin Mohammed Karim, said that some factories including 18 cement plants were available in Iraq, but they were not working properly as compared to Pakistan’s advanced industrial units and infrastructure. "As factories in Iraq need imp...

Iraq: Attock Cement Pakistan opts for Chinese grinding equipment

16 March 2017, Published under Cement News

A research report on Attock Cement Pakistan Ltd (ACPL) provides an update on the company's Basra grinding unit project in Iraq. According to the report , Saqr Al Keetan, in which APCL holds a 60 per cent interest, has established a US$9.75m letter of credit for the first phase of the cement grinding unit to be supplied by the Hefei Cement Research and Design Institute of China. The first phase consist of installing a US$16m grinding unit with a capacity of 0.514Mta (out of the 0.9Mta to...

Pakistan: Attock Cement net profit of US$13.1m

30 January 2017, Published under Cement News

Attock Cement Ltd has announced a net profit of PKR1.378bn (US$13.1m), translating into the earnings/share (EPS) of PKR12.03 for the half-year ended 31 December 2016, which is 19 per cent higher than the profits of PKR1.152bn, and the EPS of PKR10.07 announced during the same period of the last year. The surge in profitability can be attributed to higher sales, which stood at PKR7.228bn for the period under review as compared to the sales of PKR6.396bn during the same period of the last ye...

Pakistan: Attock Cement profits up 44%

21 October 2016, Published under Cement News

Attock Cement Pakistan Ltd (ACPL) reported that it has earned profit after tax of PKR691m (US$6.6m) in 1QFY16-17 compared to PKR481m in 1QFY16, up 44 per cent YoY. According to ACPL notice to Pakistan Stock Exchange, its sales increased to PKR 3.35bn from PKR2.86bn of same quarter last year.   The company's distribution cost increased to PKR 273m and administrative expenses rose to PKR104m from PKR189m and PKR97m in a first quarter of year ago period.     A local research house while comment...

Pakistan cement industry's US$1bn expansion

03 June 2016, Published under Cement News

The steady growth of Pakistan’s cement industry saw the sector attract investment of US$1bn in the current financial year, an economic survey has revealed. Economic Survey 2015-16, released today by Pakistan’s Ministry of Finance, finds that the cement industry is focussing on capacity expansion in view of ever-growing domestic demand and a focus on exports to African markets. Four companies have already announced further investment plans: Cherat Cement, Attock Cement, DG Khan Cement and ...

Pakistan: Attock Cement receives PKR7bn to finance expansion

04 May 2016, Published under Cement News

Attock Cement Pakistan Limited (ACPL) has achieved another milestone of success by signing financial close amounting to PKR7bn (US$66.85m) to part finance new production line of 4000tpd of cement plant. The loan has been arranged by local Punjab Bank with the support of MCB Bank, Allied Bank, Askari Bank and United Bank Ltd.

Pakistan: Producers to invest up to US$1bn in CAPEX

18 April 2016, Published under Cement News

Cement producers in Pakistan will invest between US$700m and US$1bn in expanding capacity over the next few years, according to Mohammad Ali Tabba, chair of the All Pakistan Cement Manufacturers Association. According to an interview with Mr Tabba in the Nation, four companies have already announced expansion plans: Cherat Cement; Attock Cement; DG Khan Cement; and Lucky Cement. Capacity in 2015-16 stands at 45.6Mta. Despite this investment, Mr Tabba noted that the industry was not rec...

Attock Cement posts positive 9MFY16 results

15 April 2016, Published under Cement News

Attock Cement Pakistan Ltd (ACPL) has announced in its 9MFY16 results it earned a NET profit of PKR2.094bn during 9MFY16 (July-March) against PKR1.644bn during 9MFY15, up 27 per cent, YoY, on the back of a five per cent YoY growth in net sales and better gross profits.   Al Habib Capital Markets (Pvt) Ltd, in its review report about ACPL, attributes increase in profit to rising domestic dispatches, on the back of acceleration in private sector construction activities, commencement of work o...

Attock Cement orders second IKN Pendulum cooler

21 March 2016, Published under Cement News

The management of Attock Cement Pakistan Ltd and IKN GmbH agreed a deal for the supply of another latest generation IKN Pendulum Cooler. The cooler with a capacity of 4000tpd will be supplied for Attock's new Line 3. This agreement follows shortly after the order for a new IKN static inlet (KIDS) for Line 1. Both orders show the confidence and trust that Attock Cement has put in IKN based on the experience with the IKN Pendulum Cooler in kiln Line 2 which has been in operation since 2006.