Cement News tagged under: Pakistan
Attock Cement 1Q net profit up 2%26 October 2015, Published under Cement NewsAttock Cement announced a net profit of PKR470m (US$4.5m) in the first quarter (Jul-Sep) of fiscal year 2015-16, up just two per cent compared to the profit it earned in the same period of the previous fiscal year. Earnings per share (EPS) were up to PKR4.20 from PKR4.11 in the period under review. The company registered a 10 per cent YoY decline in sales mainly on the back of a 10 per cent reduction in dispatches, a report by Arif Habib Limited published in the The Express Tribune (Pakist... |
Maple Leaf Cement 1QFY15-16 profit rises by 55%21 October 2015, Published under Cement NewsPakistan-based Maple Leaf Cement net profit surged 55 per cent to PKR846.729m (US$8.1m) in the quarter ended 30 September 2015 versus PKR545.319m a year earlier, the company said on Monday. Revenue increased by 11.5 per cent to PKR4.965bn for the period under review versus PKR4.453bn in 1QFY14-15. Earnings per share stood at PKR1.60, up from PKR1.03 in the same period of last year. Maple Leaf Cement operates a 3.37Mta integrated plant in Daudkhel, Punjab province. |
Pakistan’s September cement sales and exports fall13 October 2015, Published under Cement NewsSeptember’s figures were disappointing for the cement industry as dispatches registered 2.95Mt, a decline of 6.4 per cent annually (-3.7 per cent monthly). As anticipated, exports continued their downward fall by 36 per cent YoY where growth in local dispatches (+2.5 per cent YoY) failed to compensate for the decline in exports. The main reason for the export decline is the proliferation of cheaper Iranian cement in Afghanistan and the imposition of an antidumping duty by South Africa. A... |
Lucky considers increasing northern exposure12 October 2015, Published under Cement NewsLucky Cement plans to build a new cement plant in the north region of the country to meet growing demand, a senior company official said on Friday. "Yes, we have planned to set up a plant in the north [of the country], News International quoted the company's CEO Muhammad Ali Tabba, as saying. "Our next board of directors meeting is scheduled at end of October and we would take up the plan there for approval," he added. Lucky Cement would release all relevant financial and other information... |
Pakistan: August export volumes and revenue down YoY09 October 2015, Published under Cement NewsPakistan exported 558,049t of cement on revenues of US$32.08m in August 2015, down 42.88 and 44.36 per cent in terms of volume and revenue on a YoY basis, according to the country's Bureau of of Statistics. Compared to July 2014, volumes rose by 18.88 per cent and revenues increased by 16.54 per cent. Exports over the first two months of the current fiscal (beginning in July 2015) to Afghanistan declined by 18.24 per cent to 394,500t YoY. Export to India over the July-August 2015 period... |
Preliminary Pakistan data indicates September sales decline08 October 2015, Published under Cement NewsTotal cement industry dispatches in the month of September 2015 have decreased by eight per cent YoY, dragged down by a steep fall in exports, according to provisional cement sales figures. The data from an InvestCap Research report, published in The Express Tribune (Pakistan), indicated that sales were down to 2.9Mt versus 3.2Mt in September 2014. Compared to August 2015, September sales were down five per cent MoM. Demand in the domestic market continued to increase thanks to advances ... |
Pakistan cement industry records revenue growth of 3.4% in FY1528 September 2015, Published under Cement NewsPakistan's domestic dispatches grew by 7.9 per cent YoY in FY15 to 28.2Mt, while exports fell 11.6 per cent YoY to 7.2Mt. The drop in exports limited revenue growth in the Pakistan cement sector to 3.4 per cent YoY. Overall profitability increased by 20 per cent YoY in the last fiscal to PKR35.6bn compared with PKR29.7bn in FY14. The outlook on local dispatches remain strong due to the initiation of China–Pakistan Economic Corridor (CPEC) projects and the construction of major dams... |
DG Khan Cement has strong FY1522 September 2015, Published under Cement NewsDG Khan Cement, part of the Nishat Group, has posted net earnings of PKR7.63bn (US$73.1m) in the year ending 30 June, up 28 per cent compared to full-year earnings of PKR5.97bn in the same period of last year. The company runs a total of 4.2Mta of production capacity in three cement plants with two located in Dera Ghazi Khan and one in Khairpur district, Chakwal. The key reasons behind the earnings performance included an improvement of 80 basis points YoY in gross margins to settle at 42.... |
Pakistan: Bestway Cement and Pakcem results update16 September 2015, Published under Cement NewsBestway Cement and group company Pakcem have posted a positive bottom line. Net turnover increased by 5.4 per cent from PKR28.9bn (US$277m) to PKR30.5bn for Bestway and Pakcem saw a 9.4 per cent increase from PKR5.11bn from the corresponding period to PKR5.58bn to June 2015. “We are happy to share our annual results for 2014-15 for Bestway Cement and six-month period for Pakcem, with growth in sales of 4.18 per cent for Bestway and 11.5 per cent for Pakcem,’ said Zameer Choudrey, chief exec... |
Cherat Cement to invest in wind power joint venture, Pakistan11 September 2015, Published under Cement NewsCherat Cement Company Co Ltd (CCCL) informed the Karachi Stock Exchange (KSE) on 10 September. that it plans to invest up to PKR250m (US$2.4m) in a joint venture wind power generation company. The planned capacity of the power project is 50MW. Shareholder approval for investment in the proposed company will be sought at CCCL's annual general meeting to be held on 16 October 2015. Nine month performance During the first nine months of FY14-15, the company's overall dispatches increased... |