Cement News tagged under: Attock Cement
Pakistan cement firms' profitability remain vulnerable in 1H1904 February 2019, Published under Cement NewsBoth Attock Cement and Lucky Cement recorded a fall in profit in their half-yearly results. According to Intermarket Securities Ltd, during 1H19 it is expected that the top cement firms will post a combined profit of PKR6.3bn (US$45.2m) during this period, down by 25 per cent YoY. An analyst said that the hefty PKR depreciation (by 21 per cent YoY), higher coal prices (up 11 per cent YoY) and a decline in local dispatches are likely to weigh down on profitability, offsetting the gains from... |
Four months export revenue growth23 November 2018, Published under Cement NewsPakistan's cement industry earned foreign exchange revenue of US$26.74m by exporting 616,648t of cement during October 2018, compared to US$29.05m on 671,913t of cement in previous month. This represents a fall of 7.9 per cent and 8.23 per cent in value and quantity, respectively on MoM, according to the Federal Bureau of Statistics. If compared to October 2017, earnings of US$23.3m on 472,216t of cement, translates to a growth of 14.8 per cent in earning of foreign currency and 30.5 per... |
Attock Cement achieves PKR4.40bn net profit in FY1816 August 2018, Published under Cement NewsThe Attock Cement company has announced its FY18 annual financial results, which shows its profit after tax at PKR4.40bn (US$35.8m) as compared to PKR3.03bn in the same period last year. It translates a growth of 45 per cent in profit YoY basis. Net sales of the company during FY18 have increased by 15 per cent YoY to PKR16.884bn, mainly achieved on account of impressive growth trend witnessed in local sales and impact of fresh capacity worth 1.24Mt resolving capacity constraints, an analy... |
Attock Cement reports flat 4Q earnings, full-year rise13 September 2017, Published under Cement NewsPakistan cement producer Attock Cement posted flat net earnings in 4QFY17 of PKR796m (US$7.5m) against the same period of last year, the company said in a note to the Pakistan Stock Exchange. The result took full-year earnings in fiscal 2016-17 to PKR3.303bn, up five per cent YoY versus PKR2.89bn in the previous fiscal. Revenue in FY17 rose by six per cent YoY to PKR14.7bn thanks to a rise in cement dispatches to 2.08Mt. However, margins remained stagnant at 40 per cent as coal pri... |
Loesche supplies VRM to Attock Cement27 July 2017, Published under Cement NewsLoesche has provided a LM 56.3+3 CS vertical roller mill for cement grinding to Attock Cement in Pakistan. The new mill will be used in the new Line 3 of Attock's cement plant in Hub Chowki in Pakistan. It will grind OPC cement with a fineness of 3300 Blaine with a capacity of 200tph, or 2800 Blaine with a capacity of 240ph,. The scope of the order also includes monitoring and assembly as well as commissioning, which is due to take place in mid-2017. Hefei Cement Research & Design Institut... |
K-Electric signs additional supply agreement with Attock Cement18 February 2016, Published under Cement NewsKarachi-based electric supplier K-Electric has signed an accord to provide an additional 16MW of electricity to Pakistan producer Attock Cement Ltd. Present at the signing ceremony were Irfan Amanullah, company secretary of Attock Cement, and Asif Saad, K-Electric’s chief operating officer of Distribution, among others. Speaking at the ceremony, Mr Saad said: “This initiative would not only serve the purpose of provision of additional MW [mega watts], this would pave the way in years ... |
Attock Cement first-half profits up by 12.5% YoY11 February 2016, Published under Cement NewsPakistan-based Attock Cement earned a 12.5 per cent rise in profit after tax of PKR1152m (US$11m) in the first half of 2016 compared to PKR1024m reported in the comparative period of the previous year. Net sales were virtually flat at PKR6396m against PKR6368m a year earlier. Distribution costs fell to PKR2241m from PKR4371m. In the 2Q16 alone, Attock reported earnings of PKR671m as compared to PKR481m in the preceding quarter, representing a growth of 40 per cent QoQ. The company... |
ITAC announces final anti-dumping duties23 December 2015, Published under Cement NewsSouth Africa has imposed final anti-dumping duties on Portland cement originating in or imported from Pakistan, ranging between 14.29 and 77.15 per cent, effective 18 December 2015. The duties will remain in place for a period of five years, unless a review process takes place. The decision follows an investigation initiated by the International Trade Administration Commission of South Africa (ITAC) on 22 August 2014 after local producers AfriSam, Lafarge Industries South Africa, NPC Cimp... |
Attock Cement 1Q net profit up 2%26 October 2015, Published under Cement NewsAttock Cement announced a net profit of PKR470m (US$4.5m) in the first quarter (Jul-Sep) of fiscal year 2015-16, up just two per cent compared to the profit it earned in the same period of the previous fiscal year. Earnings per share (EPS) were up to PKR4.20 from PKR4.11 in the period under review. The company registered a 10 per cent YoY decline in sales mainly on the back of a 10 per cent reduction in dispatches, a report by Arif Habib Limited published in the The Express Tribune (Pakist... |
Pakistan: Attock full-year profit rises17 August 2015, Published under Cement NewsAttock Cement reported an after-tax profit of PKR2.21bn (US$21.7m) in FY14-15, up 9.5 per cent compared to PKR2bn in the last fiscal year. Revenues climbed 4.3 per cent to PKR13bn during the review period compared to PKR12.5bn, AKD Research said in its report. The company’s gross margins, which improved by 407 basis points to 33.6 per cent in FY15, also contributed to the net earnings, the report said. The results were accompanied with an announcement of the company’s expansion plans. In ... |