Cement News tagged under: Pakistan
Pakistan February sales 8.7% higher12 March 2014, Published under Cement NewsPakistan cement sales rose by 8.7 per cent YoY in February 2014 to 2.135Mt, led by strong demand from the domestic market. The All Pakistan Cement Manufacturers Association (APCMA) revealed that during the first eight months of the current fiscal, local dispatches stood at 16.274Mt, representing growth of 2.9 per cent YoY. “We are getting healthy demands from the domestic market,” he said, adding that during February, local dispatches increased to 1.76Mt on average in the northern again... |
Lafarge reportedly attracting bids for Pakistan unit12 March 2014, Published under Cement NewsLafarge is reportedly attracting bids for its Pakistan unit, with the country's leading producer, Lucky Cement, said to be among companies competing for the assets. Potential acquirers have submitted bids to Lafarge, according to reports by Bloomberg who cited a source familiar with the matter. Lafarge Pakistan Cement operates a 2.05Mta plant in the Punjab province. |
Lucky Cement 1HFY14 net profit rises 20%27 February 2014, Published under Cement NewsPakistan market leader Lucky Cement reported a 20 per cent rise in net profit for the first half of FY14 boosted by in part by higher prices. Net profit for the six months to the end of December 2013 stood at PKR5.16bn (US$49.2m) compared to PKR4.49bn in the same period of the year before. Revenue improved 11.8 per cent YoY to PKR19.57bn against PKR17.51bn in the 1HFY13. Commenting on the results, Global Research said revenues grew on the back of a 10 per cent YoY increase in domestic c... |
Pakistan export volumes and revenues fall in 7MFY1425 February 2014, Published under Cement NewsPakistan’s export volumes fell 7.5 per cent YoY in the first seven months of the current Pakistan fiscal, while revenues were also down 13 per cent over the same period. During the July 2013-January 2014 period, the country exported 4.85Mt of cement on revenues of US$295.52m compared to 5,243Mt at US$340.57m in the comparative period of the year before. The average export price of cement fell by 6.18 per cent to US$60.93/t from US$64.94/t in the seven month period of the previous fiscal, ... |
Pakistan prices sees further increases24 February 2014, Published under Cement NewsCement producers in Pakistan have increased prices by PKR15/bag in anticipation of improved construction activity before the monsoon season begins. Cement dealers said that the new retail price of Falcon Cement’s brand hovers between PKR530-535 while that of Lucky Cement is PKR520/50kg after the new hike. |
Pakistan: Fauji Cement boosts 1HFY14 earnings20 February 2014, Published under Cement NewsPakistan-based producer Fauji Cement Co posted earnings of PKR1.25bn (US$11.92m) in the first half of FY14, up 36 per cent YoY compared to the PKR922m in the comparative period of the previous fiscal. The improved earnings came on the back of better gross profit and reduced finance cots. Revenues rose nine per cent to PKR8.23bn despite a seven per cent decline in volumes to 1.16Mt. Margins improved by 1.5 percentage points to 34 per cent largely as a result of higher cement prices. ... |
Pakistan association calls for intervention on BIS renewals17 February 2014, Published under Cement NewsThe All Pakistan Cement Manufacturers Association (APCMA) chairman Mohammad Ali Tabba has urged the Indian high commissioner to intervene regarding the renewal of Bureau of Indian Standards (BIS) licences which he claims is impeding cement exports from Pakistan to India. In a letter to the high commissioner, Mr Tabba said APCMA members have been experiencing delays in the renewal /certification process for more than two years now due to security concerns by the BIS. BIS certification, ... |
Pakistan: DG Khan second-quarter profit rises14 February 2014, Published under Cement NewsDG Khan, one of Pakistan's leading cement producers, posted a 14 per cent YoY rise in profit during 2QFY14 to PKR1.61bn but higher power costs affect gross margins. Earnings per share rose to PKR3.68 against PKR3.22 a year earlier. Revenues increased by 10 per cent YoY to PKR6.54bn while gross margins declined to 34 per cent from 40 per cent in the comparative period of FY13 due to higher power costs. Earnings were down 5.6 per cent YoY to PKR2.66 compared to PKR2.82bn in 2QFY13.... |
Pakistan: cement exports drop05 February 2014, Published under Cement NewsPakistani cement exports to Afghanistan dropped to 202,000t in January 2014, the lowest monthly level since July 2013 when they reached 441,412t. Previous data by the All Pakistan Cement Manufacturers' Association (APCMA) shows that in September 2013, exports rose to 426,804t before falling to 287,598t in November and then increasing again in December to 314,329t The decline in exports to Afghanistan, traditionally Pakistan's main export market, has been attributed to looming uncertai... |
Lafarge Pakistan to issue 143m to Pakistan Cement Holdings04 February 2014, Published under Cement NewsLafarge Pakistan Cement Ltd (LPCL) has received formal approval from the country's Securities and Exchange Commission to issue 143m shares to its holding company at par value (PKR10/share). This will increase the holding of Lafarge SA in Lafarge Pakistan from 73 to 76 per cent, according to a note to the Karachi Stock Exchange. The move, which reflects Lafarge SA's confidence in the Pakistani subsidiary, contradicts market newsflow that a potential sell-off or merger was on the cards. ... |