Cement News tagged under: Pakistan
Kohat Cement sees 59% rise in full-year profit, Pakistan20 September 2013, Published under Cement NewsPakistan-based Producer Kohat Cement reported a 59 per cent surge in net profit for FY12-13 mainly due to favourable cement and coal pricing trends as well as lower financial costs. For the 12 months ending 30 June 2013, the company posted a profit after tax of PKR2.64bn compared to PKR1.66bn in the previous fiscal. Kohat Cement CEO and All Pakistan Cement Manufacturers Association chairman, Aizaz Mansoor Shiekh, said improved cement prices both in domestic and to export markets, stabl... |
Lucky Cement full-year profit rises 47%18 September 2013, Published under Cement NewsPakistan-based producer Lucky Cement reported a 47 per cent increase in full-year profit and is optimistic on the outlook for domestic consumption but cautions that challenges remain. Net income rose to a record PKR10bn (US$95m) in the 12 months ended 30 June from PKR6.78bn a year earlier. Gross sales rose 63 per cent to PKR63.9bn. The rise in profit is being attributed to an 11 per cent increase in cement prices which climbed to PKR458/50kg bag. “The consumption of cement in the co... |
Lafarge in RDF joint venture, Pakistan16 September 2013, Published under Cement NewsLafarge Industrial Ecology International SA has announced a joint venture with Saif Holdings Ltd for the manufacture of Refuse Derived Fuel (RDF) to be used as alternative fuel. The agreement was signed between Pavel Cech, Regional Vice President Industrial Ecology, Lafarge and Hoor Yousafzai, Director Saif Group after conducting feasibility study for the development, installation and commissioning of an RDF manufacturing plant. Amr Reda, CEO of Lafarge Pakistan, stated that by combining th... |
DG Khan Cement plans greenfield plant, Pakistan12 September 2013, Published under Cement NewsDG Khan Cement has been given the green light by its Board of Directors (BoD) to set up a greenfield plant in Pakistan, but plans for a Mozambique facility have been withdrawn. The Pakistan-based manufacturer announced it is to set up the new 2.6Mta facility in the Hub District, Lasbela in the Baluchistan Province near Karachi. Its BoD has asked management to initiate the process to establish the plant, the land for which has already been acquired. If the new project comes to fruition... |
Pakistan export earnings fall09 September 2013, Published under Cement NewsPakistan exports have had a disappointing start to the current fiscal, falling 1.98 and 3.46 per cent in terms of quantity and dollar value, respectively on a MoM basis. During July 2013, Pakistan exported 854,477t of cement and earned US US$51.49m compared to 871,764t at US$53.33m in corresponding month last year, according to data from the country’s Bureau of Statistics. In terms of the Pakistan rupee, sales were down by 1.6 per cent to PKR5.174bn in July. However, compared to Jul... |
DG Khan Cement posts 34% rise in annual profit, Pakistan06 September 2013, Published under Cement NewsDG Khan Cement, part of the Nishat Group and one of Pakistan's largest cement manufacturers, posted a 34 per cent YoY increase in profit for fiscal year 2012-13. According to a notice sent by the company to the Karachi Stock Exchange, the company reported a net income of PKR5.5bn for the fiscal year 2013, compared PKR4.11bn in fiscal 2012. The rise in earnings was attributed to better cement prices and an increase in other income but were lower than analysts’ estimates due to a higher t... |
Pakistan monthly sales fall05 September 2013, Published under Cement NewsPakistan cement dispatches fell seven per cent YoY in August due to the Eid holidays and wet weather conditions. Sales were down to 2.15Mt in August 2013 compared to 2.6Mt in the same month of the previous year. Meanwhile, on a sequential basis, August sales fell by 17 per cent compared to July 2013 dispatches of 2.6Mt. Domestic sales were hardest hit as volumes were down 19 per cent to 1.5Mt while exports fell 13 per cent. For the first two months of current fiscal, which began in Jul... |
Lafarge Pakistan Cement earnings rise27 August 2013, Published under Cement NewsLafarge Pakistan Cement posted earnings growth of 73.6 per cent in the first half of the year. According to a notice sent to the Karachi Stock Exchange the company’s profits jumped to PKR865m with earnings per share (EPS) of PKR0.66 compared to PKR499m (EPS of PKR0.38), in the same period of 2012. |
Pakistan’s Cherat Cement Co to raise production capacity21 August 2013, Published under Cement NewsCherat Cement Company Ltd (CCCL) of Pakistan plans to increase production capacity at its 2500tpd cement plant, situated 52km from Peshawar near Nowshera in northern Pakistan. The company is expected to hold negotiations with various cement plant suppliers in due course. At present, the works is operating near full capacity and with the expected growth in the domestic cement market, the company’s Board has decided to raise capacity at the works. Furthermore, its strategic location close t... |
Pakistan cement producers consider price hike15 August 2013, Published under Cement NewsPakistan cement producers are considering increasing cement prices following government hikes in electricity prices and general sales tax. A source from the All Pakistan Cement Manufacturers Association told local press that domestic producers are considering a price increase of PKR35-40/50kg bag. The official said: “The price would be increased in order to pass on to consumers the impact of the hike in rates of electricity and GST. Earlier, the government had increased GST by one percent... |