Cement News tagged under: Dandot Cement Co Ltd
Dandot Cement plant closed due to viability issue04 November 2019, Published under Cement NewsDandot Cement Company Ltd has announced to shut its 504,000tpa of cement plant at Jehlum, Punjab province, Pakistan, due to various reasons, according to company notification to the Pakistan Stock Exchange (PSX). Dandot's Company Secretary, Muhammad Kamran, said the company has been facing serious challenges with respect to maintaining viable operations at the plant, adequate liquidity and has incurred huge financial losses in recent years. Furthermore, the current operations of the exis... |
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. |
Dandot Cement loss increases in 1QFY1722 November 2017, Published under Cement NewsPakistan's Dandot Cement Co Ltd (DCCL) reported a loss after tax of PKR-110m in the first quarter ended 30 September 2017,compared to a loss of PKR-64m in 1QFY16. Net sales declined 43.6 per cent to PKR289m in 1QFY2017 from PKR512m in the year-ago period. Distribution costs advanced from PKR0.8m to PKR1m YoY while administrative expenses increased from PKR4m to PKR5.6m. |
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