Cement News tagged under: Lucky Cement
Lucky to add a new clinker line of 1.82Mt in Iraq19 May 2023, Published under Cement NewsGM Finance and Company Secretary, Faisal Mahmood, of Lucky Cement Ltd ( Yunus Brothers Group ) informed Pakistan Stock Exchange (PSX) on 18 May that the company has made a 1.82Mta expansion plan with its joint venture partner in Samawah, Iraq, taking the total capacity under its clinker production company Najmah Al Samawah to 3.13Mta. It will coincide with the increasing cement demands in Iraq. The management expects the plant to be completed in 18 months, as per PSX notice, after... |
Lucky Cement to buy back its shares at market prices04 May 2023, Published under Cement NewsThe Board of Directors of Lucky Cement Ltd , in its meeting held on 28 April 2023, has approved and decided to recommend to the members of the company for their approval by passing of special resolutions, the purchase/buyback of up to 23,800,000 issued ordinary shares of the company (constituting approximately 7.5 per cent of the current issued and paid up share capital of the company), of the face value of PKR10/share, each by the company by Section 88 of the Act read with the Regulations,... |
Lucky Cement sales increased by 19% in 9MFY2303 May 2023, Published under Cement NewsLucky Cement Ltd has announced its financial results for the third quarter ending 31March 2023 and the 9MFY23. It reported a profit after tax of PKR11.13bn (US$39.2m) compared to PKR11.3bn earned in the nine months of the corresponding period last year. This reflects a negative growth of two per cent YoY. According to the company’s notification to the Pakistan Stock Exchange (PSX), its sales increased by 19 per cent to PKR70.34bn from PKR58.89bn during the same period last year. It incurr... |
Lucky Cement continues to lead the Pakistan market29 March 2023, Published under Cement NewsLucky Cement has become the 10th-largest producer in market capitalisation on the Pakistan Stock Exchange (PSX) and continues to lead the cement industry as the largest cement producer in the country. According to AKD Research, Lucky Cement commissioned its Pezu capacity expansion of 3.15Mta in late December 2022 in Khyber Pakhtunkhwa, with a total cement capacity of 15.3Mta, holding its mark as the largest cement producer of Pakistan. Lucky Cement has 10.3Mta of cement capacity in th... |
Lucky Cement receives NFEH's 15th Corporate Social Responsibilities Awards 202322 March 2023, Published under Cement NewsLucky Cement Ltd has announced winning the NFEH’s 15th Corporate Social Responsibilities Awards 2023 in the "Green Energy Initiatives" category. This award recognises the company's unwavering commitment to sustainable development and reducing its carbon footprint through the implementation of renewable energy solutions in its operations. Chief Operating Officer of Lucky Cement Ltd Amin Ganny, expressed his gratitude for the recognition and reiterated the company's commitment to promoti... |
Lucky Cement completes the buyback of shares21 March 2023, Published under Cement NewsLucky Cement Ltd ( Yunus Brothers ) informed Pakistan Stock Exchange (PSX) that it had completed the buyback of its 10m shares, which began on 29 September 2022, at spot prices prevailing on the PSX during this period. These shares will now be cancelled to improve its “future financial position,” said a bourse filling of 17 March. The company used the funds from its “distributable profits” and utilised its “internally generated cash flows” for the transaction. The soon-to-be-cancelled s... |
Lucky Cement builds schools and vocational centres15 March 2023, Published under Cement NewsLucky Cement Ltd has announced the successful completion of its project to build a school in collaboration with The Citizen Foundation in Pezu, Khyber Pakhtunkhwa. The Abdul Razzak Tabba Block Lucky Cement Ltd Pezu Campus-I will provide primary education, while the Muhammad Yunus Tabba Block Pezu Campus-II will provide secondary education. The admissions for the first batch of 2023 are underway. This project aligns with the UNSDG "Quality Education" and emhasises the importance of educat... |
Domestic dispatches rise and exports fall in January06 February 2023, Published under Cement NewsPakistan's total cement industry dispatches increased by 1.2 per cent in January 2023 to 4.01Mt from 3.96Mt dispatched during the same month of last fiscal year. Local cement dispatches advanced by 5.2 per cent YoY to 3.587Mt in January 2023 from 3.409Mt in January 2022. However, exports dispatches declined by 24.1 per cent as volumes fell from 551,006t in January 2022 to 418,067t in January 2023, says the All Pakistan Cement Manufacturers Association (APCMA). Moving forward, the manage... |
Lucky Cement increases profit by 23% in 1HFY21-2231 January 2023, Published under Cement NewsPakistan cement producer Lucky Cement Ltd has announced its financial results for the half-year ending 31 December 2022. It reported a profit after tax of PKR7.128bn (US$27.4m) compared to PKR5.744 earned in the corresponding period last year, a growth of 23 per cent YoY. According to a notification of the company to the Pakistan Stock Exchange (PSX), Lucky Cement’s sales increased by 21 per cent to PKR45.333bn from PKR37.549bn during the same period last year. It incurred adistributio... |
Lucky Cement chairman passes away04 January 2023, Published under Cement NewsThe chairman of Pakistan’s largest cement producer, Lucky Cement Ltd, Muhammed Yunus Tabba, died on 2 January 2023 peacefully, according to a family announcement of the company through local media. Lucky Cement is one of Pakistan’s largest producers and leading exporters of quality cement. The company’s total production capacity (including northern and southern plants) has increased to 15.3Mta from the previous figure of 12.15Mta. Last month, in a regulatory filing, GM Finance and Compa... |