Cement News tagged under: Calicom Industries
Transaction of major stake in Dandot Cement is completed30 April 2019, Published under Cement NewsDandot Cement Co Ltd has informed Pakistan Stock Exchange (PSX) that Calicom Industries has acquired 63,542,787 shares of the company. Earlier, the company had reported that it received an intention from Calicom Industries to acquire control and 63,542,787 voting shares (67 per cent of paid-up capital) of the company. The buyer is expected to invest in the modernisation of electrical equipment at its facilities. In the FY18 capacity utilisation at Dandot Cement stood at 44 per cent and... |
Dandot Cement of Pakistan expects investment from new buyer15 November 2018, Published under Cement NewsIn its newly-released 2018 annual report, Pakistan-based Dandot Cement Co says it has received a firm intention from Calicom Industries (Pvt) Ltd to acquire control and 63,542,787 voting shares (67 per cent of paid up capital) of the company. The new buyer is expected to invest in the modernisation of electrical equipment at its facilities. The report adds that on 5 November 2018, the firm's majority shareholders have given the intention that they are entering into negotiations for sal... |
Dandot Cement's losses depend in FY0807 November 2018, Published under Cement NewsDandot Cement Company Ltd (DCCL) of Pakistan announced its financial results for the year ended 30 June 2018, declaring a net loss of PKR751.45m (US$5.62m) up by 42.4 per cent YoY, as compared to loss of PKR527.68m reported in the same period last year. DCCL's net sales decreased by 27.7 per cent to PKR1.3bn YoY, as compared to PKR1.8bn in the same period last year. The company incurred lower distribution expenses of PKR5.11m against PKR24.15m in the same period last year. The administr... |
Calicom Industries acquires majority stake in Dandot Cement05 November 2018, Published under Cement NewsPakistan-based Calicom Industries has agreed to acquire a majority stake in Dandot Cement Co Ltd (DDCL). Under the terms of the transaction, Calicom Industries will acquire control of DDCL and 63,542,787 voting shares, representing 67 per cent of paid up capital. |
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