Cement News tagged under: Gharibwal Cement Ltd

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Gharibwal Cement 51% profit fall in FY18-19

07 October 2019, Published under Cement News

Gharibwal Cement Ltd (GWLC) has released its financial results for the year ended 30 June 2019. The company earned a net profit of PKR736m (US$6.7m) as compared to PKR1.509bn earned in the same period last year, which decreased by 51.2 per cent. The fall in profit has been attributed to a decline in sales and an increase in finance expense. According to company results, sales decreased by three per cent to PKR11.35bn YoY, as compared to PKR11.70bn in the same period last year. Administrat...

Gharibwal Cement profit shrinks by 21% in 1HFY19

27 February 2019, Published under Cement News

Gharibwal Cement Ltd (GCL) declared a net profit of PKR593m (US$4.28m) for the half year ended 31 December 2018, down by 21.2 per cent YoY, as compared to PKR752m earned in the same period last year.   GCL informed the Pakistan Stock Exchange (PSX) that net sales of GCL during 1HFY18-19 slightly increased to PKR5.505bn from PKR 5.478bn during this period. The company's administrative expenses edge up to PKR197m against PKR193m in the same period last year. It also incurred a higher distribu...

Gharibwal Cement's 1QFY18 profits fall to PKR269m

30 October 2018, Published under Cement News

Gharibwal Cement Ltd (GCL) announced its financial results for the 1QFY19 on 29 October. It posted a decline in profit to PKR269m (US$20,194), down by 10.6 per cent YoY, as compared to PKR301m reported in the same period last year. GCL's sales during the quarter decreased by 7.9 per cent YoY to PKR2.47bn from PKR2.69bn reported during the same period last year. The company incurred lower administrative expenses of PKR98m and higher distribution costs of PKR9.3m compared to PKR99m ...

Gharibwal Cement records 34% fall in net profit

03 October 2018, Published under Cement News

Pakistan’s Gharibwal Cement Ltd has announced a 33.9 per cent YoY drop in net profit for the FY18 ended 30 June, falling to PKR1.509bn (US$12.2m) from PKR2.283bn. Despite this, sales increased 2.3 per cent to PKR11.48bn from PKR11.22bn. Distribution costs rose 19.7 per cent YoY to PKR383m against PKR320m of the previous year, while administrative expenses decreased 3.7 per cent to PKR2.6m from PKR2.7m.

Gharibwal starts its new VRM

16 May 2018, Published under Cement News

Gharibwal Cement Ltd has started commercial operation of its 250tph vertical cement mill at its Ismailwal, plant, Pakistan. According to Company Secretary, Muhammad Shamail Javed, the new cement mill will help reduce the energy costs of cement grinding, while the excess cement grinding capacity will support future expansion plans. This new cement mill is the single-largest cement grinding mill presently in operation in Pakistan. Performance in nine months ended 31st March 2018 The compan...

Gharibwal Cement's profit falls in 9MFY18

24 April 2018, Published under Cement News

Pakistan's Gharibwal Cement reported a net profit fall in 9MFY18 ended March 2018 to PKR1bn (US$8.6bn) from PKR1.70bn, (US$9.22m) earned in the same period of last financial year. Net sales increased to PKR8.51bn from PKR8.37bn during this period. GCL incurred a distribution cost of PKR17.5m against PKR20m in year ago period. The administrative expenses stood at PKR276m compared to PKR243m in nine months of last year.   The company has a cement production capacity of 2.1Mta in Punjab.

Gharibwal Cement earns PKR752m in 1HFY17-18

28 February 2018, Published under Cement News

Gharibwal Cement Ltd (GCL) has announced its financial results for the half year ended 31 December 2017. It reported a profit after tax of PKR752m (US$6.7m) compared to PKR1.112bn, a fall of 32 per cent YoY. According to a notification of the company to the Pakistan Stock Exchange (PSX), GCL's sales decreased to PKR5.47bn from PKR5.52bn during this period. It incurred a distribution cost of PKR10m against PKR13m in 1HFY16-17. The administrative expenses stood at PKR193m compared to PKR18...

Gharibwal Cement's net profit falls 14.8%

29 September 2017, Published under Cement News

Gharibwal Cement Ltd has reported that its net profit fell by 14.84 per cent to PKR2.283bn (US$21.6m) in FY17 on YoY basis.  The company said sales increased by sales 6.7 per cent to PKR11.22bn in FY17 from PKR10.522m the previous year. However, a higher cost of sales saw gross profit fall from PKR4.172m to PKR3.854m and pretax profits from PKR3.695m to PKR3.045m. The company incurred a distribution cost of PKR27m and administrative cost of PKR320m versus PKR20m and PKR307m, resp...

Gharibwal WHR plant starts operations

22 June 2017, Published under Cement News

Gharibwal Cement Ltd has started operations from its 20MW waste heat recovery (WHR) system as well as a conveyor belt at its plant located in Chakwal district, Punjab Province, Pakistan. Earlier, the company informed the Pakistan Stock Exchange that it has finalised a contract with CITIC of China for the supply of an 8000tpd line together with a waste heat recovery system. Furthermore, the first shipment of equipment relating to Gharibwal's new 250tph grinding mill has arrived and erec...

Pakistan: Gharibwal Cement to site new plant in Haripur

30 March 2017, Published under Cement News

In an announcement to the Pakistan Stock Exchange, Gharibwal Cement has said that has been awarded a licence to prospect for limestone in Haripur district with a view to establishing a new cement plant. On 29 March Gharibwal was among 14 firms that were given permission by the government of Khyber Pakhtunkhwa to establish a new cement plants in the province. Today’s announcement indicates that Gharibwal’s new unit will be located in Haripur, just to the north of Pakistan’s capital, Islama...