Cement News tagged under: Fauji Cement
Fauji Cement posts a profit of PKR7.043bn in 9MFY23-2426 April 2024, Published under Cement NewsFauji Cement Co Ltd (FCCL) announced its financial results for 9MFY23-24 on the Pakistan Stock Exchange website. The company posted a profit after tax (PAT) of PKR7.043bn compared to PKR6.968bn in the previous period, up by a meagre one per cent YoY. During the 3QFY23-24, earnings arrived at PKR1.769bn compared to PKR1.888bn, a fall of six per cent YoY, as reported in the initial financial coverage report from AHL Research. The topline during 9MFY23-24 reached PKR59.4bn, an uptick of 14 p... |
Administrative changes at Fecto Cement and Fauji Cement11 April 2024, Published under Cement NewsFecto Cement Ltd's Company Secretary, Abdul Wahab, informed Pakistan Stock Exchange Ltd (PSX) on 8 April that Hanif Idress has been appointed as the Chief Financial Officer (CFO) of Fecto Cement Ltd in place of Abdul Samad with effect from 1 April 2024. The information is also meant for PSX TRE Certificate Holders accordingly. Meawnhile, on 8 April Fauji Cement Co Ltd (FCCL) informed the Pakistan Stock Exchange Ltd (PSX) that Lt Gen Anwar Ali Hyder, HI (M), (Retired) had been appointe... |
Fauji Cement Co becomes Pakistan’s third-largest cement producer29 March 2024, Published under Cement NewsFauji Cement successfully commissioned its greenfield cement plant with a clinker capacity of 6500tpd at Shadan Lund district, Dera Ghazi Khan , within a record time of 13 months. With the commencement of operations of the new line on 30 November 2023, the company’s total cement production capacity increased to 10.6Mta, which established the company as the third-largest cement producer in Pakistan. Meanwhile, according to AKD Research, Fauji Cement effectively increased its local marke... |
Pakistan cement industry exhibits record quarterly profit in 2QFY23-2408 March 2024, Published under Cement NewsPakistan's listed cement sector reported record earnings of PKR22.4bn (US$58.18m), up eight per cent YoY in the 2QFY23-24. This earnings growth is primarily due to higher gross margins and other income. Major contributors to the profitability of the cement sector in the 2QFY23-24 were Lucky Cement (LUCK), followed by Bestway Cement (BWCL) and Fauji Cement (FCCL), according to Topline Pakistan Research, Analysts believe these achievements were made despite a fall in cement dispatches. ... |
Fauji Cement is equipped with new pulveriser and pellet press22 February 2024, Published under Cement NewsPakistan-based Fauji Cement has invested in its laboratory control equipment. Rajpoot Links Pet Ltd has commissioned the new generation of Herzog HSM100 Pulverizer and HTP40 pellet press at Fauji Cement Co Ltd at the Dera Ghazi Khan cement plant. |
Fauji Cement Co expected to post mixed financial results05 February 2024, Published under Cement NewsAccording to AHL Research, Fauji Cement Co Ltd (FCCL) is scheduled to announce its financial result for 2QFY23-24 (October-December 2023) soon with an expected profit after tax of PKR2.347bn (US$8.39m) as compared to PKR2.764bn a year ago. This represents a fall of 15 per cent YoY. This will take the earnings for 1HFY23-24 (July-December 2023) to settle at PKR4.961bn compared to PKR5.079bn in 1HFY22-23. Despite a seven per cent YoY decline in total dispatches in 2QFY23-24, the top line is... |
Maple Leaf Cement to move into hospital sector21 November 2023, Published under Cement NewsPakistan’s Maple Leaf Cement (MLCF) is investing PKR800-900m (US$2.77-3.12m) in a new solar power plant. The plant is expected to have a production capacity of 7.5MW. The company has also announced plans to diversify into the health business with the construction of a hospital. According to the company, the margins would be better than those seen in the cement business. The hospital project is expected to take three years to complete and represents an investment of PKR30bn. Although loc... |
Pakistan to strategise industrial policy, including cement21 November 2023, Published under Cement NewsPakistan’s caretaker government has formed a 19-member Industrial Advisory Council to develop industrial policies, including for the cement industry. The council comprises members from different industries, such as cement, fertiliser, pharmaceutical, steel, textile, packaging, electronics, etc. It is chaired by the Federal Minister of Industry and Production, Gohar Ejaz, and includes 12 private members and six members from the public sector. Its goal is to advise the government on ways to... |
Fauji Cement Co reports capacity utilisation of 64% in 1QFY23-2427 October 2023, Published under Cement NewsFauji Cement Co Ltd (FCCL) announced its financial results for 1QFY23-24, which ended on 30 September 2023, at the Pakistan Stock Exchange (PSX) on 25 October. The company said that the 1QFY23-24 saw a considerable increase of 14 per cent YoY in the industry’s domestic demand, a 48 per cent increase in exports to Afghanistan and an overall increase of 16 per cent. Thus, the company’s comprehensive dispatches increased by 25 per cent, with capacity utilisation of 64 per cent... |
Fauji Cement sees positive way ahead14 September 2023, Published under Cement NewsFauji Cement Co Ltd (FCCL) expects local cement demand to develop positively in the FY23-24 with exports to Afghanistan, depending on the border situation, to improve, the company said. The Pakistan-based cement company is continuing its efforts to become the lowest-cost producer and increase its market share through a timely completion of its DG Khan expansion, scheduled for the 2QFY23-24. In addition, the company's board of directors has approved the construction of a 7.5MW solar powe... |