Cement News tagged under: Dandot Cement

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Dandot Cement declares loss of PKR177.51m in 1HFY18-19

01 March 2019, Published under Cement News

Dandot Cement Company Ltd (DCCL) has announced its financial results for the half-year ended 31 December 2018. It declared a loss of PKR177.51m (US$1.27m), as compared to loss of PKR320.95m reported in the equivalent period last year. DCCL Company Secretary, Muhammad Kamran, informed the Pakistan Stock Exchange (PSX) that net sales during the 1HFY18-19 slightly increased to PKR741.30m from PKR679.05m during this period. It incurred a higher distribution cost of PKR2.7m against PKR2m in the...

Calicom Industries applies to acquire Dandot Cement

01 November 2018, Published under Cement News

Dandot Cement Co Ltd (DCCL) has informed Pakistan Stock Exchange that the company has received a firm intention from Calicom Industries (Pvt) Ltd, Lahore to its acquire control of DCCL and 63,542,787 voting shares (67 per cent of paid up capital) of DCCL beyond the thresholds prescribed under Section 111 of the Securities Act 2016 (the "Act"). This intention was notified to DCCL's board of directors on 31 October 2018, stated by Mr Muhamamd Kamran, Company Secretary to PSX. Calicom Ind...

Cement factories offer water solution to Supreme Court

09 May 2018, Published under Cement News

The Suo Motu case against Bestway-I, Bestway-II, DG Khan cement factories and Dandot Cement Co in Pakistan on the Shri Kates Raj Temple Pond issue seems to be wrapped, as the Supreme Court on 8 May, has received a proposal from the cement factories that they would find an alternative water source and pay for the water they use until then, local media reports. In November last year, the Supreme Court had taken notice of reports that the pond in the Katas Raj temple complex in Punjab was d...

Supreme Court of Pakistan issues notice to several companies

06 April 2018, Published under Cement News

The Supreme Court of Pakistan has issued notices to several cement factory owners to appear on 20 April, with regards to clarifying their position on the drying out of the Shiri Katas Raj Temple Pond. The pond has allegedly been depleted due to the operation of cement plants in the area, which may have removed the underground water. The court has requested the companies involved to develop a solution to the issue. In a previous hearing of the case, directives were issued to Bestway-I, ...

Dandot Cement Co posts PKR320m loss in 1HY17-18

01 March 2018, Published under Cement News

Dandot Cement Company Ltd (DCCL) has announced that it has incurred a loss of PKR320m (US$2.88m) in 1HY17-18 as compared to a loss of PKR110m incurred in corresponding period last year.   According to a notification of DCCL's to the Pakistan Stock Exchange (PSX), company sales decreased to PKR679m from PKR 1.07bn during this period. DCCL incurred a distribution cost of PKR2m against PKR13.5m in 1HFY16/17.  The administrative expenses stood at PKR27m compared to PKR26m incurred in correspo...

Dandot Cement Company reports a loss for FY2017

07 November 2017, Published under Cement News

Dandot Cement Company Ltd has announced its financial results for FY2017. The Pakistan-based company reported a loss of PKR527m (US$4.9m) compared to the loss of PKR280m in the previous financial year. The net sales of the company fell in the same period, decreasing from PKR2.98bn of FY2016 to PKR2.49bn for FY2017. The cost of distribution increased from PKR18m to PKR24m.

Dandot Cement reduces half-year loss

02 April 2015, Published under Cement News

Dandot Cement Co reported a loss after tax of PKR342.24m (US$3.4m) in the first half of the current Pakistan fiscal compared to a loss of PKR 380.42m in the comparative period of the year before. Net sales reached over PKR1bn versus PKR93m in 1HFY13-14, the company said in a notice to the Karachi Stock Exchange. The cost of sales, however, rose to PKR1.28bn from PKR406m a year earlier. Dandot Cement has said it is considering various options to arrange further funds to improve plant e...