Cement News tagged under: Lucky Cement
Pakistan cement firms' profitability remain vulnerable in 1H1904 February 2019, Published under Cement NewsBoth 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 2H1801 February 2019, Published under Cement NewsLucky 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 growth23 November 2018, Published under Cement NewsPakistan'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 Index15 November 2018, Published under Cement NewsPakistan 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... |
Lucky Cement sees 16% YoY rise in October revenues09 November 2018, Published under Cement NewsTaiwan-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 fall30 October 2018, Published under Cement NewsLucky 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 results13 June 2018, Published under Cement NewsLucky 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 Pakistan04 June 2018, Published under Cement NewsPrices 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 underway29 May 2018, Published under Cement NewsThe 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 plant27 April 2018, Published under Cement NewsLucky 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... |