Cement News tagged under: Lucky Cement

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Lucky Cement posts 23% rise in August revenue

09 September 2020, Published under Cement News

Taiwan’s Lucky Cement has announced a 22.9 per cent YoY rise in August revenue to TWD366.8m (US$12.5m) from TWD298.5m in the same month of 2019. In the first eight months of 2020, the company posted a 26.9 per cent YoY advance in revenue to TWD2.98bn from TWD2.3bn.

Lucky Cement sees 23% increase in July revenue

11 August 2020, Published under Cement News

Taiwan’s Lucky Cement has seen its revenue climb 22.6 per cent YoY to TWD384m (US$13.05m) in July 2020, against TWD313.2m last year. In the January-July period, revenue advanced 27.4 per cent YoY to TWD2.61bn from TWD2.05bn.

Taiwan's cement producers see mixed results in May

10 June 2020, Published under Cement News

Taiwan Cement Corp has reported a 5.7 per cent YoY fall in revenue to TWD10.29bn (US$347.6m) for May 2020, compared with TWD10.9bn in the same month last year. In the first five months of the year, revenue declined 9.3 per cent to TWD42.48bn from TWD46.86bn. Elsewhere, Universal Cement Corp saw its revenue for the month down 4.3 per cent to TWD403.1m from TWD421.3m in May 2019. However, in the 5M20 revenue advanced 5.5 per cent YoY to TWD2.14bn. In May 2020, Lucky Cement’s revenue increas...

Mixed pattern in financial results visible in 9MFY20

27 April 2020, Published under Cement News

Three more Pakistani cement companies have announced their 9MFY19-20 financial results. Lucky Cement Ltd has reported a lower profit, while Maple Leaf Cement Factory Ltd (MLCF) and Bestway Cement Ltd have reported losses during this financial period. The obvious reason is attributed to increase in cost of sales alongside other unavoidable negative business factors.   Lucky Cement Lucky Cement reported that with the current economic challenges due to COVID-19 and post relaxation lockdown in...

Lucky inducts independent director

02 April 2020, Published under Cement News

Lucky Cement Ltd informed Pakistan Stock Exchange (PSX) that it has made a top management change. As per a bourse filling, Masood Karim Shaikh has been appointed as an independent director on the Board of Directors of Lucky Cement Ltd with effect from 31 March 2020 to fill in the vacancy created due to the resignation of Mohamamd Javed Iqbal, for the remaining term of the board.   Muhammad Yunus Tabba is currently Lucky Cement's chairman while Mohammad Ali Tabba is CEO.

Lucky wins MAP corporate excellence award

11 March 2020, Published under Cement News

Lucky Cement Lt has won the Management Association of Pakistan's Corporate Excellence Award in the cement sector category. Syed Noman Hasan, Executive Director of Lucky Cement Ltd received the award at the 35th MAP Annual Corporate Excellence Award Ceremony in Karachi on 9 March. Syed Noman Hasan, Executive Director, Lucky Cement Ltd, remarked, "We accept this award with great pride and are extremely grateful to all our employees and stakeholders for helping us achieve repeated success over...

Taiwanese cement producers see revenue decline in January

10 February 2020, Published under Cement News

Taiwan’s cement manufacturers have recorded a challenging start to the year, with Taiwan Cement Corp noting a 20.1 per cent decline in January revenue to TWD7.50bn (US$249.3m) from TWD9.39bn in the year-ago period. Elsewhere, Asia Cement Corp recorded a 34.1 per cent YoY decrease in revenue to TWD5.21bn for the first month of 2020. Lucky Cement saw a 16.1 per cent YoY fall in revenue to TWD296.4m from TWD353.19m in January 2019.

Lucky Cement wins International Corporate Social Responsibility Award 

04 February 2020, Published under Cement News

Lucky Cement Ltd received the International Corporate Social Responsibility Award in the category of "Green Environmental Stewardship", organised by The Professionals Network (TPN), at the 9th CSR Summit and Awards held on 30 Jan 2020 at a local hotel in Karachi, Pakistan.   Lucky Cement Ltd received this prestigious award in recognition of its efforts to control carbon emissions into the atmosphere, via innovative techniques and contribution towards protecting the overall environment.   Spe...

Lucky Cement reports profit fall during 1H20

30 January 2020, Published under Cement News

Lucky Cement Ltd of Pakistan has announced its financial results for 1HFY19-20, posting earnings of PKR1.937bn (US$12.54m), down 65 per cent when compared with earnings of PKR5.501bn reported for the 1HFY18-19. Revenues also fell by 15 per cent YoY to PKR 21.211bn in the 1HFY19-20, largely due to a slowdown of demand coupled with weaker pricing resulting from the industry's demand-supply gap.   Commenting on results, a local research house attributed the fall in profits to pricing weakness, ...

Lucky Cement successfully completes new line; receives PSX award

31 December 2019, Published under Cement News

Lucky Cement Limited has informed the Pakistan Stock Exchange (PSX) and local authorities that the brownfield expansion for the additional 2.8Mta line at its Khyber Pakhtunkhwa plant in the north of Pakistan has been successfully completed on schedule. In a bourse filing, Irfan Chawala, Finance Director, stated that the new line was made operational with the start of clinker production on December 30, 2019: "With the addition of this new 2.8Mta line, the total production capacity (includ...