Cement News tagged under: DG Khan

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Sailing through high seas

06 August 2019, Published under Cement News

Pakistan’s cement producers are sailing through high tides as domestic demand succumbs to macroeconomic pressures, manufacturing costs rise and utilisation levels look set to weaken with the addition of new capacities. Exports are providing a much-needed cushion, as is the shift towards reducing costs and improving operational efficiencies. By Syeda Humaira Akhtar, BMA Capital Management Ltd, Pakistan. Against a backdrop of lower domestic demand and higher production costs, Pakistan p...

Pakistan cement firms see profits fall

02 May 2018, Published under Cement News

Pakistani cement companies continue to report decreases in profits, largely due rises in the cost of sale and other factors in the 9MFY17-18.   DG Khan Cement Co Ltd (DGKC) earned a net profit of PKR4.96bn (US$40.4m) in 9MFY18 compared to PKR6.45bn (US$55.6m) in the corresponding period of the previous financial year, representing a 23 per cent YoY drop. Net sales rose to PKR23.37bn from PKR22.63bn during this period. DGKC incurred a distribution cost of PKR691m against PKR231m in the year...

DG Khan Hub plant to start production by year-end

19 July 2017, Published under Cement News

DG Khan’s new US$300m Hub cement plant in Balochistan province, Pakistan, will begin production by December 2017, according to a local brokerage house. The Express Tribune reported yesterday that Shajar Capital said it along with its clients paid a visit to the construction site to assess the process which “as per the project management is expected to come online by the end of calendar year 2017.” The company has set the target to complete its civil work by September 2017 and move into ...

Pakistan: DG Khan sees profit up 15%, expands capacity by a further 2.2Mta

01 September 2016, Published under Cement News

Pakistan cement producer DK Khan Cement Co announced a 15 per cent YoY rise to PKR8.79bn (US$83.9m) in its profit after tax in FY16 from PKR7.624bn in FY15. Its sales rose to PKR29.703bn from PKR26.104bn in FY15bn and cost of sale increased PKR17.035bn  from PKR16.649bn in the same period. Along with financial results, the company also announced a full and final cash dividend of PKR6.0/share, making the payout to 30 per cent. The company also announced a brownfield cement capacity expans...

K-Electric to supply 40MW of electricity to new DG Khan cement plant, Pakistan

16 April 2015, Published under Cement News

K-Electric (KE) and DG Cement Ltd have signed an agreement through which the power utility will provide 40MW of electricity to the cement producer's upcoming plant in Hub, Balochistan, Pakistan . The agreement was signed at the KE House in the presence of KE and DG Khan management. According to KE’s press statement, electricity will be provided from its Hub grid station and DG Cement Ltd is to construct a Line Bay and a 12km long 132kV transmission line. The new cement plant will have a c...

Expressions of interest for Lafarge Pakistan acquisition

01 May 2014, Published under Cement News

Two parties have officially expressed an interest in acquiring control of Lafarge Pakistan Cement, according to local press reports. Sofima SAS, a fully-held direct subsidiary of Lafarge SA, is divesting 100 per cent shares of its shares in Lafarge Pakistan Cement. DG Khan Cement (DGKC) informed all three stock exchanges and the Securities and Exchange Commission of Pakistan that it had received approval from its board of directors to participate in this [buying] process and to ta...

DG Khan full-year profit rises, Pakistan

11 September 2012, Published under Cement News

Pakistan cement producer DG Khan Cement reported a profit-after-tax of PKR4.10bn (US$43.3m) for the year ended June 30 2012, compared to PKR170.96, earned in the previous year, according to a statement on Monday.   This translated into the earnings per share (EPS) of PKR9.38 from 45 paisas in 2011-12, according to the profit and loss account of the company available with the Karachi Stock Exchange.   Revenues for the company surged 24% to PKR22.95bn in fiscal 2012, against sales of PKR18.58b...

Pakistan budget brings relief measures to cement sector

07 June 2012, Published under Cement News

Pakistan's Finance Minister Dr. Abdul Hafeez Shaikh has announced number of incentives and relief for various sectors including the cement industry in the Federal Budget July 2012 - June 2013.   Dr Shaikh announced an increase in the Public Sector Development Program (PSDP), which is also spent on infrastructure development, to PKR873bn, up 20 per cent from last year. Federal Excise Duty (FED) on cement pricea has been reduced by PKR100/t (PKR5/bag) to PKR400/t (PKR20/bag). In addition, the...