Cement News tagged under: FY19

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Pakistan cement players profits tumble in FY19

03 October 2019, Published under Cement News

The major cement firms reported fall in profit during FY19, says a report of Spectrum Securities Ltd. The research house report made on the review of eight top companies: DG Khan Cement, Fauji Cement, Cherat Cement, Maple Leaf Cement, Bestway Cement, Khoat Cement, Attock Cement and Fectc Cement.   The report added that during FY19, net income of the cement sector posted a considerable decline caused by fragile country's economy, higher interest rate and end of tax benefits. It was pointed ou...

Boral reports net profit of AUD486m in FY19

28 August 2019, Published under Cement News

Boral reported net profit of AUD486m (US$325.7m) for the full year ended 30 June 2019, six per cent down on FY18. Sales revenue was steady at AUD5863m on FY18 and sales revenue for continuing operations of AUD5801m up four per cent. EBITDA reached AUD1037m compared to AUD1056m in FY18. "Boral’s full year results demonstrate the benefits of strong infrastructure activity in Australia and resilience of our underlying businesses, together with implementation of improvement initiatives and cos...

FY20 to remain challenging for cement sector in Pakistan

01 August 2019, Published under Cement News

Pakistani cement companies are scheduled to announce their 4Q annual results ended 30 June 2019. Mixed financial results are expected, despite two companies (Lucky Cement and Attock Cement) having reported a fall in profit earlier this week. However, various research house reports suggest that the stagnant cement demand in a fragile domestic economy continues to damage company profitability during 4QFY19. The rise in interest rates, utilities, transportation and depreciation expenses are ...

Lucky Cement profit squeezes in FY19

30 July 2019, Published under Cement News

Lucky Cement Ltd informed the Pakistan Stock Exchange (PSX) on 29 July that its net profit after tax during FY19 stood at PKR10.5bn (US$65.16m), down 14 per cent YoY. The results were accompanied by a cash dividend of PKR6.5/share.   The company overall sales volume declined by 1.8 per cent to reach 7.67Mt during the current fiscal year. The local cement sales volume registered a decline of 11.7 per cent and totalled 5.85Mt in comparison to 6.63Mt last year. However, the export volumes impr...

Attock Cement profit falls in FY19

30 July 2019, Published under Cement News

Attock Cement Pakistan Ltd (ACPL) has announced its FY19 results, reporting a net profit after tax fall  to PKR2.073bn (US$12.86m) from PKR4.4bn in FY18, down 53 per cent on YoY. Along with the result, ACPL also announced a final cash dividend of PKR4/share. The topline of the company grew 26 per cent YoY during FY19 to PKR 20.781bn, led by 29 per cent YoY growth in sales volume (mainly exports), a research house commented. However, financial charges of the company swelled significantly by...

PPC reports revenues of ZAR10.4bn in FY19

01 July 2019, Published under Cement News

PPC has reported revenue up one per cent in the FY19 ended 31 March, rising to ZAR10.4bn (US$772.7m), while EBITDA increased four per cent to ZAR1.9bn. PPC's overall cement volumes rose by one per cent to 5.9Mt.
 South Africa's cement market (including Botswana) as a whole saw a decline of 2-3 per cent in sales but the inland market remains competitive, according to the company. The coastal markets were impacted by increased imports which rose by 84 per cent in 2018 to 1Mt. Production cost...