Cement News tagged under: Cherat Cement Co
Pakistan: start-up of second Cherat production line01 November 2016, Published under Cement NewsCherat Cement Factory's Line 2 with a cement capacity of 4500tpd formally started production on 31 October 2016. The construction of the second line began in 2014 and has been completed within two years, said a senior manager at the factory. Cherat Cement is a a Ghulam Faruque Group (GFG) company and its existing 3200tpd line has been operational since 1985. The plant is located at Lakrai village, district Nowshera, Khyber Pakhtunkhwa province. Due to plant’s geographical position in t... |
Cherat Cement posts FY16 results, plans second line26 August 2016, Published under Cement NewsPakistan's Cherat Cement Company Ltd (CHCC) has announced its FY16 results, which saw the company reporting a profit after taxation of PKR1.405bn (US$13.4m) compared to PKR1.288bn in last corresponding financial year, an increase of nine per cent. According to a company statement to the Pakistan Stock Exchange (PSX), its net sales increased by eight per cent to PKR7079bn whereas the cost of sales decreased by three per cent to PKR4.445bn. Moreover, the company also declared a final cas... |
Cherat Cement FY14-15 profit dips two per cent18 August 2015, Published under Cement NewsCherat Cement Co Ltd reported a profit after tax of PKR1.288bn (US$12.6m) during FY14-15, down two per cent from a year earlier, the company said in a notice to the Karachi Stock Exchange. According to a report by Al Habib Capital Markets, during the year the privately-owned cement producer reported a modest two per cent YoY rise in its top line. A decline in dispatches (particularly export sales) was partially mitigated by a rise in net retention price. Gross profit margins remained... |
Cherat Cement earns INR1.22bn22 August 2013, Published under Cement NewsThere were mixed reactions to Cherat Cement's FY13 results. JS Global said it was below expectations, while analysts at AHL Research thought the earnings were "respectable". Cherat Cement Company reported profit after tax (PAT) for the financial year ended 30 June 2013 at INR1.22bn (US$0.18bn) translating into earning per share (eps) at INR12.80. It represented growth of 180 per cent YoY over PAT at INR0.44m and eps at INR4.57. The Board also declared cash dividend at INR1.50 per share, ta... |
Pakistan’s Cherat Cement Co to raise production capacity21 August 2013, Published under Cement NewsCherat Cement Company Ltd (CCCL) of Pakistan plans to increase production capacity at its 2500tpd cement plant, situated 52km from Peshawar near Nowshera in northern Pakistan. The company is expected to hold negotiations with various cement plant suppliers in due course. At present, the works is operating near full capacity and with the expected growth in the domestic cement market, the company’s Board has decided to raise capacity at the works. Furthermore, its strategic location close t... |