Cement News tagged under: Lucky Cement

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Lucky Cement sees 16% YoY rise in October revenues

09 November 2018, Published under Cement News

Taiwan-based Lucky Cement posted a 15.6 per cent YoY increase in revenues to TWD300.24m (US$9.6m) in October 2018 from TWD259.826m in the year-ago period. Revenues fell by 3.2 per cent to TWD2.761bn between January-October 2018 from TWD2.853bn in 10M17.

Lucky Cement sees 9% turnover rise, 24% profit fall

30 October 2018, Published under Cement News

Lucky Cement reported a 9.2 per cent rise in gross turnover for the quarter ended 30 September 2018 to PKR31.32bn (US$235.2m) from PKR28.68bn in the same quarter of the previous year. The Pakistani cement producer attributed the increase primarily due to higher sales volumes and an increase in federal excise duty and sales tax. The company reported a consolidated profit after tax of PKR3.16bn in the quarter, down 24.2 per cent YoY. In the year-ago period, profit after tax reached PKR4.17bn...

Lucky Cement charts further growth after releasing 9MFY18 results

13 June 2018, Published under Cement News

Lucky Cement is optimistic about future growth for the company, and will rely on exports and its overseas operations to boost sales . The Pakistani cement company achieved an overall growth of 5.6 per cent with total sales volume of 5.84Mt during the current nine months (9MFY18) as compared to 5.53Mt sold in same period last year. While local cement sales volume registered a growth of 16.9 per cent (north 19.7 per cent and south 13.7 per cent) to reach 5.04Mt, as compared to 4.31Mt durin...

Cement prices rise in Pakistan

04 June 2018, Published under Cement News

Prices of cement in Pakistan are expected to rise following an increase to the Federal Excise Duty (FED) to PKR1.50/kg (U$0.012) from PKR1.25/kg , in the Federal Budget 2018-19 (July 2018-June 2019). Experts expect local cement producers to pass on the extra government levy to end users.   Last week Attock Cement Pakistan Ltd (ACPL) and Lucky Cement announced increases in their cement prices, respectively. The maximum retail price for ordinary Portland cement varies between PKR600-620/bag ...

Pakistan has eight brownfield cement projects underway

29 May 2018, Published under Cement News

The eight brownfield cement projects with a total capacity of 18.8Mta are at various stages of completion and scheduled to be commissioned between June 2019 and June 2020 at an estimated cost of over PKR159bn (US$1.37bn) in Pakistan, according to a research house report. So far, all the projects have completed, on average, at least 46 per cent of their construction. China-based Sinoma is currently building a 1.9Mta plant for Bestway Cement at a cost of PKR18.9bn and about 55 per cen...

Lucky Cement to establish 1.2Mta Samawah grinding plant

27 April 2018, Published under Cement News

Lucky Cement Ltd of Pakistan is planning to set up greenfield clinker production facility in southeast of Baghdad, Iraq, according to Irfan Chawala, the ompany's CFO in information sent to Pakistan Stock Exchange (PSX). Lucky Cement plans to set up a 1.2Mta clinker line in Samawah as a step to becoming self-sufficient in terms of clinker production in the country.The US$109m project will be carried out as a joint venture with an existing local partner and is subject to all regulatory and s...

Export of clinker from Pakistan on the rise

20 April 2018, Published under Cement News

The Pakistan cement industry experts predict a greater clinker export potential for export since excess capacities in China have been curtailed substantially over environmental concerns, while demand from Bangladesh and other countries are also growing. India and Vietnam as well as east Africa (and particularly Uganda and Tanzania) remain viable export destinations for Pakistani cement producers, said Irfan Chawala, finance director and CFO at Lucky Cement Ltd and Irfan Amanullah, general ma...

Lucky recognised for commitment to sustainable development

10 August 2017, Published under Cement News

Pakistan producer Lucky Cement has been awarded Environment Excellence Award at the 14th Annual Environment Excellence Awards 2017, organised by the National Forum of Environment and Health (NFEH). Lucky Cement received the award in recognition of its commitment towards sustainable development and contribution towards protecting the overall environment for a greener Pakistan, it added. Commenting on the award, Amin Ganny, chief operating officer of Lucky Cement, said: “At Lucky Cement, ...

Lucky Cement updates on operations at home and away

04 August 2017, Published under Cement News

Lucky Cement has provided an update on operations in the Democratic Republic of Congo, as well as capacity expansion plans in Iraq and Pakistan, during a corporate briefing organised by Elixir Securities (Pakistan) earlier this week. Stabilising market dynamics in the DR of Congo have resulted in Lucky Cement witnessing healthy growth from its operations in the central African country. As a result, the utilisation rate is expected to improve. However cement prices (currently hovering aroun...

Lucky Cement FY17 profit rises 5.78%

01 August 2017, Published under Cement News

Lucky Cement has reported a 5.78 per cent YoY increase in full-year profit of PKR13.69bn (US$129.8m) versus PKR12.94bn in FY16, the company informed the Pakistan Stock Exchange. Gross sales increased to PKR61.6bn during FY17 from PKR 55.92bn in the previous year. The company said it incurred distribution costs of PKR1.703bn and administrative expenses of PKR1.021bn versus PKR2.01bn and PKR1.10bn incurred, respectively in FY16.   Sales volumes rose by 3.1 per cent YoY to 7.15Mt. While its...