Cement News tagged under: Kohat Cement Company
Pakistan: Kohat half-year profit up 54%29 January 2016, Published under Cement NewsKohat Cement Company Ltd’s profit climbed 54 per cent to PKR2.10bn (US$20m) in the half-year ended 31 December 2015 on increased sales and other income as well as decreased finance cost and energy prices, analysts said. The cement manufacturer reported a profit of PKR1.36bn in the same period a year earlier. “Decreases in energy prices coupled with increased sales volume are the primary reasons for the improved gross and net margins during the quarter under review,” said Khurram Shehzad,... |
Kohat Cement 1QFY15 net profit up 11% YoY28 October 2014, Published under Cement NewsPakistan-based producer Kohat Cement posted a net profit of PKR683m (US$6.6m) in the three months to the end of September 2014, up 11 per cent YoY. The company attributed the higher earnings to better income on cash placements and lower financial charges, Sherman Securities reported on Monday. During the first quarter of FY15, sales revenue increased by 11 per cent to PKR2.9bn amid higher cement prices and slight increase in volumes which were up by five per cent YoY. On the other h... |
A trio of producers eye Lafarge Pakistan Cement08 May 2014, Published under Cement NewsA three-way struggle looms for Lafarge Pakistan (LPCL) as Kohat Cement is the latest party to announce its interest in the assets of the only major cement producer in Pakistan. Kohat Cement's interest follows that of DG Khan Cement and Bestway Cement who are both keen on the purchase. The divestment of LPCL follows 'the merger of equals' to establish LafargeHolcim, which will become a giant cement producer in more than 90 countries with a balanced exposure to both developed and high growth m... |
Kohat Cement full-year profit rises 58.55%, Pakistan23 September 2013, Published under Cement NewsNorthern Pakistan-cement based cement producer Kohat Cement Co reported a 58.55 per cent YoY rise in FY13 net profit. For the July 2012-June 2013 fiscal, the company reported a profit after tax of PKR2.632bn (US$25.55m) against PKR1.66bn during the year before. Net sales increased to PKR11.297bn from PKR9.316bn in FY12. It incurred selling and distribution expenses of PKR58.4m and administrative and general expenses of PKR86.423m compared to PKR46.242m and PKR66.714m, respectively in FY12.... |
Kohat Cement sees 59% rise in full-year profit, Pakistan20 September 2013, Published under Cement NewsPakistan-based Producer Kohat Cement reported a 59 per cent surge in net profit for FY12-13 mainly due to favourable cement and coal pricing trends as well as lower financial costs. For the 12 months ending 30 June 2013, the company posted a profit after tax of PKR2.64bn compared to PKR1.66bn in the previous fiscal. Kohat Cement CEO and All Pakistan Cement Manufacturers Association chairman, Aizaz Mansoor Shiekh, said improved cement prices both in domestic and to export markets, stabl... |
Domestic demand drives Kohat Cement FY12 sales10 September 2012, Published under Cement NewsPakistan’s Kohat Cement Company Ltd (KOHC) achieved a 26.5 per cent YoY growth in domestic sales during FY12, outperforming the industry which grew 8.8 per cent. Its exports, however, suffered a steep decline of 29.6 per cent YoY to 273,000t, reducing total growth to 12 per cent. The company achieved a four-year high capacity utilsation rate of 59 per cent, the highest since it started operations of ist expansion project. It expects volumes to grow at CAGR of four per cent for to 1.9M... |