Cement News tagged under: Dewan Cement

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Dewan Cement appoints new CEO and director

25 July 2022, Published under Cement News

Pakistani cement producer Dewan Cement Ltd informed Pakistan Stock Exchange that Ishtiaq Ahmed and Waseem-ul-Haque Ansari have been appointed as CEO and director of the company, respectively. The appointments are effective of 15 July 2022 and replace Malik Bilal Omar.

Dewan Cement returns to profit in 2QFY21-22

01 March 2022, Published under Cement News

Pakistan-based Dewan Cement Ltd posted a turnover of PKR4149.6m (US$23.4m) in the quarter ended 31 December 2021 (2QFY21-22), up from PKR931.6m in the 2QFY20-21. In the 2QFY21-22, the company achieved an operating profit of PKR68.8m, an improvement when compared with the PKR334.5m loss in the 2QFY20-21. Net profit reached PKR130.7m, up from a loss of PKR266.6m in the equivalent period of the previous year.

Dewan Cement sees 7% rise in turnover

27 September 2021, Published under Cement News

Pakistan's Dewan Cement has announced a 7.3 per cent YoY rise in net turnover to PKR6.3bn (US$37m) for the year ended 30 June 2021, compared with PKR5.83bn in the year-ago period. The company also recorded a PKR666.4m loss for the FY20-21, which had contracted against the PKR1.32bn loss seen in the previous fiscal year.

Dewan Cement appoints new director

07 April 2021, Published under Cement News

Pakistan’s Dewan Cement has appointed Nida Jamil as a director of the company, with effect from 5 April 2021. Ms Jamil has been appointed in place of Waseem-ul-Haque Ansari, according to a company statement.

Mounting challenges for Pakistan cement producers

08 July 2019, Published under Cement News

Pakistan's cement industry faces strong headwinds with new tax measures, an increase in gas and electric prices, unrest among cement distributors and retailers, dwindling local demands and negligible export to neighbouring countries, says a local research house. BMA Capital Management reports that challenging demand/supply outlook amid rising cost of operations triggered by supply chain constraints, a rise in federal excise duty (FED), etc has led to added pressure on cement prices. The e...

Dewan Cement strikes deal with Mega Conglomerate

08 February 2018, Published under Cement News

Mega Conglomerate Pvt Ltd has agreed to acquire a 87.5 per cent stake in Pakistan’s Dewan Cement, according to a bourse filing by BMA Capital Management Ltd. The acquisition will see 75 per cent shares pass hands through agreement and a further 12.5 per cent through a public offering. The deal follows a week of roller coaster movements, according to Pakistan Today. The amount of the acquisition was not disclosed.

Anhui Conch

27 September 2016, Published under Cement News

Anhui Conch is reportedly interested in acquiring a stake in Pakistan’s Dewan Cement Ltd (DCL), according to local media reports. While DCL denies the reports, a Chinese company, believed to be Anhui Conch, has been exploring investment opportunities in the country.  DCL operates two plants – one in southern Pakistan near Karachi and another in northern Pakistan near Kamilpur Hattar Industrial Estate – with a cement and clinker capacity of 2.89Mta and 2.76Mta, respectively. The company cu...