Cement News tagged under: DG Khan Cement

RSS feed

DG Khan Cement plans greenfield plant, Pakistan

12 September 2013, Published under Cement News

DG Khan Cement has been given the green light by its Board of Directors (BoD) to set up a greenfield plant in Pakistan, but plans for a Mozambique facility have been withdrawn. The Pakistan-based manufacturer announced it is to set up the new 2.6Mta facility in the Hub District, Lasbela in the Baluchistan Province near Karachi. Its BoD has asked management to initiate the process to establish the plant, the land for which has already been acquired. If the new project comes to fruition...

DG Khan Cement posts 34% rise in annual profit, Pakistan

06 September 2013, Published under Cement News

DG Khan Cement, part of the Nishat Group and one of Pakistan's largest cement manufacturers, posted a 34 per cent YoY increase in profit for fiscal year 2012-13. According to a notice sent by the company to the Karachi Stock Exchange, the company reported a net income of PKR5.5bn for the fiscal year 2013, compared PKR4.11bn in fiscal 2012. The rise in earnings was attributed to better cement prices and an increase in other income but were lower than analysts’ estimates due to a higher t...

DG Khan reports strong rise in 9MFY12 net profit

19 April 2013, Published under Cement News

DG Khan Cement Company (DGKC) registered a net profit of PKR4.2bn (US$42m) compared to PKR2.1bn in the first nine months of the fiscal year, an increase of 105 per cent. Revenues increased by nine per cent YoY during the period due to higher price realisations while the cost of sales stayed relatively controlled mainly due to lower coal prices, and were up only one per cent YoY. This enabled the company to record a gross margin of 38 per cent compared to the 33 per cent recorded in the sam...

DG Khan to buy stake in GS Cimento, Mozambique

28 March 2013, Published under Cement News

Pakistan-based cement producer DG Khan Cement Company (DGKC) has signed a Memorandum of Understanding (MoU) to acquire a majority stake in an upcoming Mozambique cement producer. DG Khan has informed the Pakistan Stock Exchange that it has entered into a MoU with Sumaria Cement Holdings Ltd of Mauritius to acquire a 57.5 per cent shareholding In GS Cimento which is plans to construct a 0.55Mta cement plant in Mozambique. The total consideration for the deal is US$8.625m, which may be r...

Domestic demand, higher prices boost DG Khan 1H profit

06 March 2013, Published under Cement News

Pakistan-based cement producer DG Khan Cement reported a rise in second-quarter profit-after-tax up of 53 per cent to PKR1.5bn (US$15.3m), thanks to advances in domestic demand on the back of the government's Public Sector Development Programme and higher prices. This takes half-year profit for FY12-13 to PKR2.9bn, representing a growth of 128 per cent. According to a report of BMA Capital, DGKC's local dispatches rose by six per cent on YoY basis in the first half of the financial year ...

DG Khan Cement registers with UNFCCC, Pakistan

04 March 2013, Published under Cement News

Pakistan cement producer DG Khan Cement Company Ltd (DGKC) has registered with the United Nations Framework, Convention on Climate Change (UNFCCC) for the qualification of Carbon Emission Reductions (CERs). The expected CERs from projects will be approximately 350,000 per annum. This includes the following projects at its two cement plants, Khofli Sattai plant, Dera Ghazi Khan and Khairpur plant, Chakwal: • waste heat recovery and utilisation for power generation at the Khofli Sattai plant ...

DG Khan first quarter boosted by prices, Pakistan

25 October 2012, Published under Cement News

Pakistan cement producer DG Khan Cement Ltd (DGKC), reported a significant rise in net income in the first quarter of the current fiscal thanks to rising cement prices. Net income increased to PKR1.42bn (US$14.8m) from PKR355.5m, the Lahore-based company said in a filing today. Sales rose 15 per cent to PKR6.1bn. Cement makers have relied on price increases amid stagnant sales in the past five years.

Pakistan’s DG Khan Cement swings to net profit

19 April 2012, Published under Cement News

DG Khan Cement, Pakistan’s second-biggest producer, swung to a third-quarter profit thanks to an increase in prices.   Net income in the three months ended March 31 was PKR754.6m (US$8.3m), compared with a loss of PKR5.32m in the same period a year ago, according to a statement to the Karachi Stock Exchange. Sales rose 21 per cent to PKR6.23bn.

DG Khan waste heat project registered with UNFCCC

16 February 2012, Published under Cement News

Pakistan's DG Khan Cement’s waste heat recovery project, has been registered with the United Nations Framework Convention on Climate Change (UNFCCC) for carbon credit. The project, situated at Dera Ghazi Khan, is generating 10.4MW of electricity, according to a filing with the Pakistan Stock Exchange yesterday.

Pakistan: DG Khan Cement receives UN carbon credits

15 February 2012, Published under Cement News

DG Khan Cement Company is to receive CO2 credits from the UN for setting up its new waste heat recovery project.  “The Waste Heat Recovery Project of the company situated at Dera Ghazi Khan, generating 10.4MW of electricity has been successfully registered with the United Nations Framework Convention on Climate Change (UNFCCC) for carbon credit,” said DG Khan Cement. The Pakistani cement producer stated that the project was expected to generate 33,845t of CO2 equivalent per annum for a cr...