Cement News tagged under: Pakistan
Gharibwal Cement sees strong rise in quarterly profit, Pakistan24 May 2013, Published under Cement NewsPakistan-based cement producer Gharibwal Cement Ltd reported a net profit of the company was PKR178m compared to PKR32.5m for the same period last year, thanks to an increase in sales volumes, net retention prices and cost control. Net sales of the company during the period were PKR1.77bn (US$18m) compared to PKR1.5bn during the same period of last year. Gross profit was PKR338m compared to PKR313m in the previous year, while the profit before tax was PKR188m against PKR47.8m in the compa... |
Health and Safety training initiative for Pakistan cement industry23 May 2013, Published under Cement NewsLafarge Pakistan Cement Ltd in collaboration with the All Pakistan Cement Manufacturers Association (APCMA) hosted a Health and Safety Best Practices Training Day on 20 May 2013 for all members of the Pakistan cement industry, to promote the easy and effective integration of safety practices into daily operations . The training day aimed to promote health and safety standards in the industry and follows an agreement signed between Lafarge Pakistan and the APCMA last month to provide t... |
Pakistan 10-month dispatches rise 4.09%13 May 2013, Published under Cement NewsPakistan cement dispatches rose by 4.09 per cent in the first 10 months of the current fiscal, the latest data from the All Pakistan Cement Manufacturers Association (APCMA) shows. Dispatches for the 10 months to April 2013 reached 27.664Mt compared to 26.576Mt during the same period of the previous year. Domestic sales accounted for 21Mt, representing a 6.03 per cent YoY increase. In April 2013 alone, the industry dispatched 3.123Mt, 3.8 per cent higher than April 2012 dispatches. How... |
Lucky Cement's nine-month net profit ahead, Pakistan01 May 2013, Published under Cement NewsLucky Cement, has reported a 49 per cent YoY rise in net profit for the first nine months of FY13 as Pakistan’s largest cement producer by capacity is boosted by higher prices. For the nine month period ending March 2013, the company reported a profit of PKR6.98bn. The company's local cement dispatches rose 2.8 per cent YoY to 2.77Mt while export sales declined by 1.1 per cent YoY to 1.66Mt. Total dispatches stood at 4.43Mt, up by 1.3 per cent. Higher retention prices drove the top-lin... |
Pakistan nine-month exports volumes slip30 April 2013, Published under Cement NewsPakistan exported 6.22Mt of cement in the first nine months of FY12-13 earning US$421.12m, compared to 6.245Mt at US$342.95m in the same period of last year. This shows that exports fell by 0.39 per cent in terms of volume but were up by 22.79 per cent in terms of dollar value, according to data released by Pakistan’s Federal Bureau of Statistics. In terms of the Pakistan rupee, cement exports rose by 33.66 per cent to PKR40.46bn during the July-March FY2013 period. The average export p... |
Pakistan cement industry hit by rise in transportation cost26 April 2013, Published under Cement NewsPakistan cement manufacturers are to set to be hit by a rise in transportation costs following hikes in coal and raw material carrier charges by the All Pakistan Goods Transporters Association, effective 14 April 2013. According to sources, the association has increased charges for coal transportation from ports to upcountry from PKR900/t to PKR1400/t, depending on factory location. It has also increased freight rates for cement exports from ports in the south from PKR300/t to PKR600/t. As... |
Mustehkam Cement and Bestway Cement to merge, Pakistan24 April 2013, Published under Cement NewsTwo Pakistan-based cement producers, Mustehkam Cement and Bestway Cement, have informed the Karachi Stock Exchange (KSE) of their intention to merge and operate as a single company. The board of directors of both companies are scheduled to meet on 6 May to approve the amalgamation. Mustehkam Cement has been a subsidiary of Bestway Cement (and part of the Bestway Group) since in 1995. Therefore, the main objective of the merger is to operate the businesses under one management to achieve e... |
DG Khan reports strong rise in 9MFY12 net profit19 April 2013, Published under Cement NewsDG Khan Cement Company (DGKC) registered a net profit of PKR4.2bn (US$42m) compared to PKR2.1bn in the first nine months of the fiscal year, an increase of 105 per cent. Revenues increased by nine per cent YoY during the period due to higher price realisations while the cost of sales stayed relatively controlled mainly due to lower coal prices, and were up only one per cent YoY. This enabled the company to record a gross margin of 38 per cent compared to the 33 per cent recorded in the sam... |
Attock Cement quarterly profit higher on increased prices, Pakistan17 April 2013, Published under Cement NewsPakistan-based producer Attock Cement reported a 40 per cent rise in profit during the January-March 2013 quarter, driven by higher prices. Profit rose to PKR520m (US$5.3m) during the period compared to PKR371m in the corresponding period of 2012. With cement demand subdued during the winter period, the advance was attributed to increased prices. Cement prices averaged PKR438/bag (US$4.45) against PKR402 in the corresponding quarter of 2012. Additionally, federal excise duty was reduced by... |
Pakistan FDI increases substantially16 April 2013, Published under Cement NewsPakistan's cement industry received US$6.3m in foreign direct investment (FDI) between the July 2012-March 2013 period, the country's Central Bank reported on 16 April. The amount is 294 per cent more than the corresponding period of the previous year (July 2011-March 2012), when FDI was US$1.6m. |