Cement News tagged under: Pakistan
Maple Leaf FY15 profit boosted by higher dispatches10 September 2015, Published under Cement NewsPakistan producer Maple Leaf Cement boosted its FY15 profits by more than one-fifth to PKR3.5bn (US$33.55m), the company said in a filing to the Karachi Stock Exchange on Wednesday. Maple Leaf posted an after-tax profit of PKR3.5bn or PKR6.5/share in FY15. This translates to a 22 per cent increase compared with PKR2.8bn or PKR5.4/share in FY14. The earnings growth is attributed to higher dispatches and an expansion in margins which increased by 180 basis points, BMA Captial said in a report. |
Pakistan's August sales buoyed by domestic dispatches09 September 2015, Published under Cement NewsPakistan cement dispatches rose by 10.24 per cent in August 2015 to 3.061Mt despite a 31 per cent drop in exports. According to the data released by All Pakistan Cement Manufacturers Association (APCMA), domestic sales during August 2015 increased by 28 per cent to 2.494Mt from 1.94Mt a year earlier. Dispatches from the North Zone were up by 22.8 per cent YoY to 2.024Mt (August 2014: 1.648Mt), while in the South Zone sales increased to 0.47Mt from 0.3Mt in the same month of the previous y... |
Lucky Cement full-year profit advances, Pakistan09 September 2015, Published under Cement NewsLucky Cement Ltd reported net profit of PKR12.43bn (US$119m) for the year ended 30 June 2015, representing a 9.6 per cent YoY increase. Revenue advanced by 3.9 per cent to PKR44.76bn compared to PKR43.08bn a year earlier. The increase was mainly attributed to higher sales local volumes which rose by seven per cent YoY to 4.42Mt. However, exports declined by 4.5 per cent to 2.37Mt compared with 2.48Mt during the year before. On a consolidated basis, Lucky Cement reported net profit of P... |
Pakistan’s cement exports continue to fall03 September 2015, Published under Cement NewsPakistan cement manufacturers and exporters during the month of July 2015 exported 469,406t of cement and earned export revenue of US$ 27.52m compared to 508,541t at US$30.25m in June 2015. This was a fall of 7.7 per cent and nine per cent in terms of quantity and value, respectively on MoM basis, says data of Pakistan Bureau of Statistics. But, if compared with data of July 2014 (553,226t at US$32.60m) the YoY fall deepened by 15.15 per cent and 15.56 per cent in terms of quantity and va... |
Lucky Cement close to winning limestone licence in Punjab province, Pakistan02 September 2015, Published under Cement NewsLucky Cement Ltd is close to winning a permit to extract limestone in Punjab province, signalling expansion plans for the Pakistan producer, according to a report by Bloomberg. The company will get a limestone quarry for a cement plant in Punjab, and the local administration has approved the deal, said Arshad Mehmood, secretary for Punjab’s mines and minerals department, the report stated. An agreement is expected to be signed in the next few days, he added. Although no longer Pakistan’s ... |
Lucky Cement signs contract with Siemens Pakistan for SAP system24 August 2015, Published under Cement NewsLucky Cement Ltd has signed a contract with Siemens Pakistan to implement SAP Enterprise System. "Through SAP, we aim to drive progress through greater integration of our various locations, agility and enhanced efficiency of our operations and further efficiencies in our processes," said Executive Director, Noman Hasan. |
Chinese company signs MoU for Pakistan plant19 August 2015, Published under Cement NewsA memorandum of understanding (MoU) has been signed between the Punjab government and Chinese cement company Yantai Baoqiao Jinhong for the establishment of a cement plant, according to reports by the Business Recorder (Pakistan). Under the agreement, Yantai Baoqiao Jinhong is to establish the plant in Salt Range, Punjab province, involving an investment of US$350m. Punjab Chief Minister Shahbaz Sharif was the chief guest at Tuesday's ceremony, where the documents were signed by Dr Arsh... |
Cherat Cement FY14-15 profit dips two per cent18 August 2015, Published under Cement NewsCherat Cement Co Ltd reported a profit after tax of PKR1.288bn (US$12.6m) during FY14-15, down two per cent from a year earlier, the company said in a notice to the Karachi Stock Exchange. According to a report by Al Habib Capital Markets, during the year the privately-owned cement producer reported a modest two per cent YoY rise in its top line. A decline in dispatches (particularly export sales) was partially mitigated by a rise in net retention price. Gross profit margins remained... |
Pakistan: Attock full-year profit rises17 August 2015, Published under Cement NewsAttock Cement reported an after-tax profit of PKR2.21bn (US$21.7m) in FY14-15, up 9.5 per cent compared to PKR2bn in the last fiscal year. Revenues climbed 4.3 per cent to PKR13bn during the review period compared to PKR12.5bn, AKD Research said in its report. The company’s gross margins, which improved by 407 basis points to 33.6 per cent in FY15, also contributed to the net earnings, the report said. The results were accompanied with an announcement of the company’s expansion plans. In ... |
Pakistan: Attock Cement plans 3300tpd plant14 August 2015, Published under Cement NewsAttock Cement Ltd has planned an estimated capital outlay of US$120m to install a new plant with a clinker production capacity of 3300tpd, securities analyst Sajjad Hussain at BMA Capital said. Currently the company has a cash and short-term investment reserves of PKR3.8bn. The location of the new plant will be next to the existing Hub Chowki plant site in Lasbella, Baluchistan, in the western province of Pakistan. “However, the mode of financing is yet to be decided,” Mr Hussain said. ... |