Cement News tagged under: Lucky Cement

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Taiwanese producers report positive May results

10 June 2019, Published under Cement News

Taiwan’s Hsing Ta Cement has reported a 30 per cent YoY increase in revenue for May 2019, rising to TWD800.42m (US$25.4m) from TWD625.56m. In the first five months of the year, the company saw revenue advance 30.6 per cent to TWD2.91bn from TWD2.23bn. Meanwhile, Lucky Cement announced that its revenue was up 3.6 per cent to TWD305.28m in May, compared with TWD294.58m in the year-ago period. In Jan-May 2019, revenue increased 3.9 per cent to TWD1.46bn from TWD1.41bn.

Lucky Cement receives corporate excellence award

16 May 2019, Published under Cement News

Lucky Cement Ltd has been awarded the 34th Corporate Excellence Award 2019 in the Cement Sector by the Management Association of Pakistan, for the fifth time in a row, last month. Lucky Cement stated in an announcement : "We thank our employees, business partners, customers and other stakeholders for helping us achieve this recognition. We continue to strive hard to reach new heights whilst focusing on the larger objective of continuing economic growth efforts of Pakistan." Before thi...

Gas supply to Lucky Cement Pezu plant cut off

08 May 2019, Published under Cement News

Lucky Cement has seen gas supply cut off at its Pezu plant as a result of the ongoing drive against gas theft undertaken by Sui Northern Gas Pipelines Ltd (SNGPL) in Khyber-Pakhtunkhwa, Pakistan. In a letter to Pakistani Prime Minister, Imran Khan, the company management highlighted the major shutdown at its Pezu plant in Lucky Marwat district, Khyber-Pakhtunkhwa. “For the past almost four months, we are facing major gas shutdowns atour plant and we have been raising the issue continuousl...

Lucky Cement reports strong export sales in 9MFY18-19

29 April 2019, Published under Cement News

Pakistan’s Lucky Cement Ltd has reported a PAT of PKR8.29bn (US$58.53m) during the nine-month period ended 31 March, a 15.4 per cent fall compared to PKR9.80bn of last year. The profit declined despite the company having achieved an overall gross sales revenue growth of 3.3 per cent YoY to PKR52.32bn from PKR50.63bn, with the increase attributed to higher export sales volumes for clinker. However, the cost of sales during the 9MFY18-19 increased by 14.1 per cent per tonne, mainly due to an i...

Lucky Cement wins Corporate Excellence Award

11 April 2019, Published under Cement News

Lucky Cement Ltd has won the Management Association of Pakistan's (MAP) Corporate Excellence Award in the cement sector category. Syed Noman Hasan, executive director of Lucky Cement Ltd, received the award at the 34th MAP Annual Corporate Excellence Award Ceremony held in Karachi on 9 April 2019. The Corporate Excellence Awards was instituted by MAP in 1982 with the sole aim to recognise and honour companies showing outstanding performance and demonstrating progress and enlightened manage...

Lucky Cement revenues slip 15% in February

08 March 2019, Published under Cement News

Taiwan-based Lucky Cement report revenues in February of TWD168.065m (US$5.4m), down 14.9 per cent when compared with TWD197.481m in February 2018. Revenues in the first two months of 2019 remained largely stable at TWD521.254m when compared with TWD517.821m in January-February 2018.

Pakistan cement firms' profitability remain vulnerable in 1H19

04 February 2019, Published under Cement News

Both Attock Cement and Lucky Cement recorded a fall in profit in their half-yearly results. According to Intermarket Securities Ltd, during 1H19 it is expected that the top cement firms will post a combined profit of PKR6.3bn (US$45.2m) during this period, down by 25 per cent YoY. An analyst said that the hefty PKR depreciation (by 21 per cent YoY), higher coal prices (up 11 per cent YoY) and a decline in local dispatches are likely to weigh down on profitability, offsetting the gains from...

Lucky Cement records net profits of PKR5.8bn for 2H18

01 February 2019, Published under Cement News

Lucky Cement Ltd reported net profit after tax of PKR5.80bn (US$41.47m) after taking out PKR0.34bn attributable to non-controlling interests for the half year ended 31 December 2018. The company achieved a gross turnover of PKR67.85bn which is 13.5 per cent higher when compared to the same period last year's turnover of PKR59.77bn. Overall sales volumes grew by 6.8 per cent to reach 4.01Mt during the current half-year under review. Local cement sales volume registered a decline of 6.8 per ...

Four months export revenue growth

23 November 2018, Published under Cement News

Pakistan's cement industry earned foreign exchange revenue of US$26.74m by exporting 616,648t of cement during October 2018, compared to US$29.05m on 671,913t of cement in previous month. This represents a fall of 7.9 per cent and 8.23 per cent in value and quantity, respectively on MoM, according to the Federal Bureau of Statistics. If compared to October 2017, earnings of US$23.3m on 472,216t of cement, translates to a growth of 14.8 per cent in earning of foreign currency and 30.5 per...

Pakistani cement firms downgraded from MSCI EM Index

15 November 2018, Published under Cement News

Pakistan stock markets may see a repercussion of the MSCI Semi Annual Index Review in the short term. According to market sources, in its November 2018 Semi Annual Review, MSCI has downgraded United Bank (UBL) and Lucky Cement (LUCK) from Standard classification to Small Cap classification.   Similarly, Maple Leaf (MCF) and Honda Atlas (HCAR) have been deleted from the Small Cap indexes. These changes will be effective on Monday, 3 December 2018 and will likely lead to passive foreign outfl...