Cement News tagged under: Pakistan

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Cherat Cement reports 15% net profit increase

26 April 2018, Published under Cement News

Pakistan’s Cherat Cement Co Ltd has announced its 9MFY18 results, reporting a 14.6 per cent YoY increase in net profit to PKR1.79bn (US$15.49m). Net sales increased 66 per cent to PKR11.14bn, compared with PKR6.71 of the year-ago period. However, the company’s distribution cost increased by 18.6 per cent to PKR248m, according to its statement to the Pakistan Stock Exchange. The company has a cement production capacity of 2.42Mta from its facility in Nowshera.

Maple Leaf announces 6% increase in net sales

26 April 2018, Published under Cement News

Pakistan’s leading cement manufacturer, Maple Leaf Cement Factory, has announced its 9MFY18 results. The company’s net profit fell 14.7 per cent YoY, to PKR3.37bn (US$29.13m) from PKR3.95bn. Net sales increased 5.9 per cent to PKR19.3bn during the period, mainly due to 20.2 per cent quantitative growth in local sales. Local dispatches rose 20.1 per cent to 2.642Mt (9MFY17: 2.199Mt), while export sales volumes declined 38.7 per cent to 221,185t. No dividend was announced by the company...

Gharibwal Cement's profit falls in 9MFY18

24 April 2018, Published under Cement News

Pakistan's Gharibwal Cement reported a net profit fall in 9MFY18 ended March 2018 to PKR1bn (US$8.6bn) from PKR1.70bn, (US$9.22m) earned in the same period of last financial year. Net sales increased to PKR8.51bn from PKR8.37bn during this period. GCL incurred a distribution cost of PKR17.5m against PKR20m in year ago period. The administrative expenses stood at PKR276m compared to PKR243m in nine months of last year.   The company has a cement production capacity of 2.1Mta in Punjab.

Kohat Cement reports fall in profits in 3QFY18

24 April 2018, Published under Cement News

Kohat Cement (KOHC) has informed the Pakistan Stock Exchange (PSX) that it earned a net profit after tax of PKR652m (US$5.6m) in 3QFY18 (January-March 2018) compared to PKR931m in 3QFY17, down 30 per cent. During 3QFY18 net sales were recorded at PKR3.52bn. It incurred an administrative cost of PKR49m and distribution cost of PKR 27m compared to PKR38m and PKR31m, respectively in corresponding period last year. The company sold 628,773t of cement during January-March 2018, compared to 5...

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...

Maple Leaf Cement's new line on-stream in May 2019

19 April 2018, Published under Cement News

Maple Leaf Cement Factory Ltd (MLCF) has informed Pakistan Stock Exchange (PSX) about the progress achieved on the implementation of the expansion of its Iskandarabad plant, which is estimated to come online mid-2019. The 7300tpd dry-process grey clinker line, a brownfield expansion at the company's existing site in Punjab, will take total grey cement capacity at the plant to 18,000tpd. The total project cost is estimated at PKR25bn (US$216m), which includes the impact of the recent dev...

Fauji Cement Pakistan profits increase in 3QFY18

18 April 2018, Published under Cement News

Fauji Cement Company Ltd (FCCL) saw a 28 per cent YoY increase in net profit to PKR854m (US$7.3m) in 3QFY18 from PKR669m, earned in same quarter last year, according the company's filing to the Pakistan Stock Exchange (PSX). Revenues remained flat at PKR5.6bn, as lower retention prices diluted the impact of growth of 11 per cent in local dispatches and 99 per cent YoY in exports. However, cost of sales came down significantly by nine per cent YoY, due to a reduction in clinker purchases af...

Pakistan's Popular Group has reportedly purchased Dadabhoy Cement

18 April 2018, Published under Cement News

Pakistan’s Popular Group of Industries has reportedly purchased Dadabhoy Cement Industries Ltd. The company’s plant in Dadu District, Sindh Province, has been closed for several years following the alleged default of local financial institutions. Although the sale is yet to be made public, local news reports suggest that Popular Group has started refurbishing the plant. Dadabhoy Cement had previously announced that it was in negotiation with potential buyers in its 2017 annual report. Follo...

Attock Cement Pakistan profit falls in 3QFY 18

17 April 2018, Published under Cement News

Attock Cement Pakistan Ltd (ACPL) 3QFY18 financial results saw a decline in net profit to PKR674m (US$5.8m) from PKR860m (US$7.41m), earned in same quarter last year. This represents a profit fall by  22 per cent YoY. Its net sales increased to PKR4.57bn from PKR4.01bn during this period. The company incurred a distribution cost of PKR271m against PKR219m in 3QFY17. The administrative expenses stood at PKR135m compared to PKR128m in 3QFY17. Finance cost increased to PKR74m during 3QFY18...

Capacity on the increase in Pakistan

17 April 2018, Published under Cement News

Cement production capacity in Pakistan increased by 52 per cent in last decade. According to the All Pakistan Cement Manufacturers Association (APCMA), capacity has risen from 30.50Mt in 2006-07 to 46.39Mt in 2016-17. The trend continues in current fiscal year as well and further advanced to 49.44Mt in first nine months of 2017-18.   According to a local research house, Attock Cement Pakistan Ltd (ACPL) and Lucky Cement have increased capacities by 1.2-1.3Mta in 2QFY18. As a result, the com...