Cement News tagged under: Pakistan
Pakistan cement sector 1Q earnings rise 14%06 November 2013, Published under Cement NewsPakistan's cement sector earnings rose by 14 per cent in the first quarter of the current fiscal with nine of the country's leading producers posting higher growth. Lucky Cement, DG Khan, Fauji Cement, Maple Leaf Cement, Attock Cement, Pioneer Cement, Cherat Cement, Kohat Cement, Facto Cement together constitute 68 per cent of the sector’s market capitalization. Analysts at JS Research attribute the increased profitability to increasing margins and a reduction in financial costs due to ... |
Lucky Cement first-quarter profit up 26%31 October 2013, Published under Cement NewsPakistan’s largest cement producer, Lucky Cement, reported a rise in profit of 26 per cent in the first quarter of the current fiscal. The company recorded after-tax profit of PKR2.54bn (US$23.8m) or earnings per share of Rs7.87 compared to profit of PKR2.01bn or EPS of Rs6.23 in the previous quarter. Revenues rose 20 per cent YoY to PKR10.6bn in the first quarter of 2013-14 against sales of PKR8.85bn in the same period of last year. Operating cost fell 22 per cent to PKR975m, which wa... |
Pakistan September export volumes ahead28 October 2013, Published under Cement NewsPakistan achieved double-digit rises in both export volumes and revenue in September compared to the month before, data from the Bureau of Statistics shows. Exports during September 2013 totalled 919,150t on revenues of US$52.41m compared to 765,917t at US$45.30 in August. This translates into a 20.1 per cent rise in terms of volumes and 15.71 per cent increment in foreign exchange revenue. On a YoY basis, volumes rose by 9.87 per cent compared to 836,585t in September 2012, but the va... |
Fauji 1Q boosted by higher sales and prices22 October 2013, Published under Cement NewsPakistan-based producer Fauji Cement reported a 61 per cent rise in profit after tax for the first quarter of the current Pakistan fiscal year to PKR582m (US$5.4m), as higher volumes and prices boost sales. According to analysts at Summit Capital, the company performed well due to sharp increase in its top line which was up by 12 per cent YoY and improved gross margins due to higher cement prices and lower coal expenses. Higher prices and increased sales volumes were the core factors beh... |
Lafarge Pakistan plans to issue shares16 October 2013, Published under Cement NewsLafarge Pakistan Cement Ltd has called an extraordinary general meeting on 29 October 2013 to seek approval from shareholders to make arrangements to settle an outstanding payment of PKR1.434bn (US$13.5m). According to company, this amount represents technical and managerial support provided to the company by Pakistan Cement Holding Ltd (PCHL) which is payable in foreign currency. The continuous devaluation of Pakistani Rupee is posing increasing exchange losses to the company. With the co... |
Lucky Cement wins Green Supply Chain Award, Pakistan14 October 2013, Published under Cement NewsPakistan's leading producer, Lucky Cement, has won the Green Supply Chain Award for its sustainable operations and logistics network at the 3rd International Shipping, Logistics and Supply Chain conference held in Karachi. The conference and awards were organized by the Publicity Channel with the support of United Nations Environment Program (UNEP) in acknowledgment of the companies that are making sustainability a core part of their supply chain strategy. Commenting on this latest acc... |
Pakistan: cement prices rise02 October 2013, Published under Cement NewsElectricity tariffs and other inflationary pressures have put pressure on cement manufacturers in Pakistan to increase cement prices. Cement producers have increased their prices by PKR15-20/50kg bag (US$0.14-0.19), a brokerage house reported yesterday. “Local cement prices have increased by 15-20 per 50kg bag, an increase of three to four per cent, over average retail prices that are currently hovering around PKR497.88 per bag,” Abia Zaidi at Shajar Capitals, said. Going forward, with ce... |
Pakistan: July-August cement exports up by 5.7%01 October 2013, Published under Cement NewsPakistan's cement exports increased 5.72 per cent during the first two months of current FY13-14, totalling US$96.796m, against the same period of last year when exports were US$91.557m. On a MoM basis, cement exports also increased by 1.24 per cent, but decreased by 12.03 per cent in August 2013 when compared with the exports in August 2012 and July 2013. The value of exports in August 2013 was recorded at US$45.301m, whereas in August 2012 and July 2013 the value of exports was US$44.74... |
Cement traders threaten to halt cement imports of storage rate hike30 September 2013, Published under Cement NewsIndia’s cement traders threatened to halt imports of cement from Pakistan via the Attar-Wagah land route unless a considerable hike in storage charges is rescinded. The Land Port Authority of India (LPAI) announced a rise in storage charges from the current INR20/t to INR100/t from 1 October 2013, according to the traders. Traders under the banner of the Confederation of International Chambers of Commerce and Industry (CICCI), in a letter to LPAI, sought withdrawal of the price rise to... |
Pakistan export earnings rise in first two months27 September 2013, Published under Cement NewsPakistan cement exporters have had a good start to the current fiscal, with volumes and earnings up on an annual basis. During July and August 2013, Pakistan exported 1.62Mt of cement on revenues of US$96.79m compared to 1.4446Mt at US$91.55m, representing a rise of 12.03 and 5.72 per cent in volumes and US dollar value, respectively. In terms of the Pakistan rupee, the export value rose 13.79 per cent to PKR9.83bn during the two-month period. However, the average export price was dow... |