Cement News tagged under: Kohat Cement

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Quarterly results propped up by steep price increases

25 November 2022, Published under Cement News

The latest quarterly results reveal that cement producers are increasingly turning to price rises to offset the ongoing jump in energy costs, while they struggle to maintain margins. In addition to price increases, companies are reviewing their energy portfolios, fuel types and accelerating the shift to alternative fuels. In Indonesia PT Indocement  saw its energy costs reach 50 per cent of total production cost in the third quarter of 2022, prompting the company to implement three price...

APCMA elects new executive committee

23 November 2022, Published under Cement News

Muhammad Ali Tabba, chief executive of Lucky Cement , has been appointed chairman of the All Pakistan Cement Manufacturers Association (APCMA) for the 12 months ending September 2023. Senior vice chairman of the APCMA over the same period has been named as Kohat Cement ’s Aizaz Mansoor Sheikh, while Attock Cement ’s Babar Bashir Nawaz has been elected vice chairman. Also elected were eight executive committee members, including: Sayeed Tariq Saigol ( Maple Leaf Cement ) Azam Fa...

Kohat Cement's profit increased by 44% in FY21-22

27 September 2022, Published under Cement News

Kohat Cement Co Ltd (KOHC) has announced an increase of 43.7 per cent in its profit on a YoY basis during its financial results for the year ended 30 June 2022. It reported a profit after tax of PKR5.024bn (US$21.31m) compared to PKR3.497bn earned in the year's corresponding period. The major factor responsible for the increase in profit was growth in sales. IMS Research has added that KOHC has posted impressive gross margin and operating profitability in 4Q (April-June 2022), majorly att...

Margins affected by 10% super tax

08 August 2022, Published under Cement News

Pakistan cement companies listed on the Pakistan Stock Exchange (PSX) are scheduled to announce their financial results for FY21-22 in August-September. The cement industry has fingers crossed to see their top line, which is likely to be impacted by the government's imposition of a one-time surcharge on the previous year's income. The Inter Market Securities Ltd estimated that higher tax and interest would chop earnings of the top seven companies.  IMS Cement Universe's (comprising Lucky ...

Kohat Cement plans a 10MW solar power plant in Punjab

14 July 2022, Published under Cement News

Kohat Cement Co Ltd (KOHC) has informed Pakistan Stock Exchange (PSX) that the Board of Directors of the company has approved the setting up of 10MW solar power plant at its Kohat cement plant, in northern Punjab, says CEO, Nadeem Atta Sheikh. The company’s Board of Directors has also re-appointed Aizaz Mansoor Sheikh as chairman and Nadeem Atta Sheikh as CEO for three years.  Financial performance Total dispatches for July-March 2021-22 stood at 2.85Mt compared 1.75Mt in the corre...

Pakistani cement producers earn a profit in 1HFY22

11 March 2022, Published under Cement News

The major players in Pakistan’s cement industry have reported a profit during 1HFY22 in Pakistan. The Spectrum Research has attributed to an increase in the topline, a decrease in finance cost and an increase in other costs during this period, particularly in the 2QFY22. However, most of the companies did not announce any dividends.   Industry dispatches in 1HFY22 According to Lucky Cement , the cement industry-wide local sales volume registered a growth of 1.9 per cent to reach 24....

Kohat Cement receives regulatory approvals for Punjab plant

17 November 2021, Published under Cement News

Kohat Cement Co (KOHC) has obtained all the requisite regulatory approvals for setting up the greenfield 7800-10,000tpd cement production line in Khushab, Punjab province of Pakistan. According to Kohat Cement’s latest report for 1QFY22, acquisition of land is under progress and it is expected that contracts for the supply of plant will be executed. A Letter of Credit for the import of plant and machinery will be established by the end of the 2QFY22. Financial performance in 1Q...

Kohat Cement returns to profit in 3Q

13 April 2021, Published under Cement News

Pakistan’s Kohat Cement has posted a net profit of PKR1.059bn (US$6.92m) in the quarter ending 31 March 2021, compared with a PKR381.08m loss in the same period last year. Total sales for the period advanced 163 per cent YoY to PKR6.71bn against PKR2.55bn in the 3QFY19-20. Record high industry dispatches and an increase in the company’s production capacity along with higher domestic retention all contributed to the overall growth during the period. For the nine-month period ended 31 Ma...

Kohat Cement records 18% sales increase

30 April 2019, Published under Cement News

Pakistan’s Kohat Cement Company Ltd (KCCL) has announced a 5.4 per cent YoY fall in profit after tax for the nine months ended 31 March, decreasing to PKR2.17bn (US$15.3m) from PKR2.29bn. However, sales increased by 17.9 per cent to PKR12.24bn during the 9MFY18-19. The company incurred a distribution cost of PKR109.4m, rising 16.4 per cent YoY from PKR94m in the year-ago period. Administrative expenses reached PKR191.7m compared to PKR150.7m in the corresponding period of the last fiscal.

Kohat Cement reports profit increase of 32.7%

05 September 2016, Published under Cement News

Kohat Cement announced a profit after tax of PKR4.4bn (US$42.1m) for the financial year ending 30 June 2016, a 32.7 per cent increase from the PKR3.2bn achieved in the corresponding period last year. Gross profit was posted at PKR6.49bn compared to PKR4.81bn in the previous year. In the given period, net sales increased 12.4 per cent to PKR14.02bn compared to PKR12.47bn in the previous year. Cost of sales for the same period was reported at PKR7.5bn, a slight decrease from the PKR7.65bn p...