Cement News tagged under: DG Khan Cement Co

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Coal and crude prices beneficial for cement industry, says DG Khan Cement

29 April 2020, Published under Cement News

Two of DG Khan Cement's senior management, Raza Mansha, CEO, and Farid Noor Ali Fazal, director, commented that falling coal and crude prices in international markets would reduce the cost of cement production in Pakistan, according to the company's 9MFY20 report. They also anticipate a rise in cement demand on the back of government big hydroelectric dam projects. According to the report, coal prices will remain low and may ease pressure on cost. Oil prices have hit rock bottom and are exp...

Mixed results announced by Pakistani cement companies for 9MFY20

24 April 2020, Published under Cement News

Three Pakistani cement companies have announced their 9MFY19-20 financial results. DG Khan Cement Co Ltd and Kohat Cement Co Ltd have reported losses, but luckily Attock Cement Ltd has reported only a fall in profit during this financial period. Analysts have attributed losses to a combination of factors, including a significant drop in retention prices in both local and export markets, an increase in finance cost, higher energy tariffs and an increase in transportation cost following the i...

DG Khan resumes operations at Khairpur

20 April 2020, Published under Cement News

Pakistan-based DG Khan Cement Co has resumed production at its Khairpur cement plant in Chakwal, said the company in a statement to the Pakistani Stock Exchange on Friday. Operations have been resumed as a result of the relaxation of the lockdown for the construction industry.

DG Khan Cement profit falls 51% in the 1HFY19-20

14 February 2020, Published under Cement News

DG Khan Cement Co (DGKC) has announced its financial results for the half-year period ended 31 December 2019, reporting a 43 per cent fall in profit to PKR946m (US$6.1m). The major factor responsible for the decline was the increased cost of sales and taxation, despite little improvement in sales.   The company's financial charges surged by 83 per cent YoY amid high interest rates. Net sales during the reporting year slightly increased by 5.7 per cent to PKR20.88bn from PKR19.76bn during the...

DG Khan to invest in hotel business

20 March 2019, Published under Cement News

DG Khan Cement has informed Pakistan Stock Exchange(PSX) that an extra ordinary general meeting of board of directors is scheduled to be held on 17 April to transact some special business pertain to invest in Nishat Hotels and Properties Ltd. According to a bourse filing of the company, to consider and if deem fit, the company be and is hereby authorised to further invest upto PKR200m (US$1.43m) from time to time in Nishat Hotel. The company top officials are being empowered in this regard.

Pakistan: DG Khan Cement about to power up

30 June 2016, Published under Cement News

The 30MW coal-fired captive power plant of DG Khan Cement Co (DGKCC) at its Dera Ghazi Khan is scheduled to start up in the next week, according to market sources. The power plant was supplied by China-based Sinoma Energy Conservation and will enable the cement producer to achieve cost savings in terms of power supply as well as reduce its dependency on the national grid.