Cement News tagged under: FY16
Bestway and Cherat show good financial results24 August 2017, Published under Cement NewsBestway Cement Ltd has announced earning a profit of PKR13.29bn (US$126m) for the financial year ended 30 June 2017, against PKR11.88bn in corresponding period last year. This showed profits jumped by 12 per cent for the Pakistan-based cement producer. The company announced a final cash dividend of PKR3/share, which is in addition to interim dividend already paid at PKR9/share. Gross turnover stood at PKR71.44bn, increased from PK58.54bn of last year. The company incurred selling an... |
Pakistan: FY16 earnings up 16% YoY04 October 2016, Published under Cement NewsPakistan cement industry performed well in FY16 and concluded on a positive note for the cement sector with earnings clocking in at PKR36.4bn (US$348.3m), up 16 per cent YoY. According to research house, the growth in earnings was backed by eight per cent YoY increase in revenue amid higher dispatches, increased in margins due to lower fuel and power costs and 54 per cent YoY decline in finance cost. However, 6.6 per cent YoY increase in effective tax rate due to increasing share of local ... |
KHD order intake delay will affect 1H16 forecast05 May 2016, Published under Cement NewsAfter updating its annual budget, KHD Humboldt Wedag International AG (KHD) is adjusting its forecast for the 2016 financial year accordingly. The awarding of several significant projects, which were expected to be order intake in the first months of the FY16, has been postponed. As a result, these projects are now planned as order intake in the 2H16 in the updated forecast. Combined with challenges in the execution of individual large projects this has a substantial impact on the antic... |
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