Cement News tagged under: Pakistan
Oracle signs MoU with Thatta for coal supply, Pakistan12 November 2012, Published under Cement NewsOracle Coalfields PLC, the UK coal developer of a lignite mineral property located in the southeastern desert of the Sindh Province, Pakistan, signed a Memorandum of Understanding (MoU) with Thatta Cement Company Ltd for the proposed supply of coal from the mine that Oracle is developing in Block VI of the Thar Coalfield. The MoU, which is between Oracle’s 80 per cent-owned subsidiary Sindh Carbon Energy Limited and Thatta, will see Oracle supply dried coal to Thatta’s cement works. The rep... |
Pakistan October dispatches down on falling exports06 November 2012, Published under Cement NewsPakistan cement dispatches in October 2012 fell by 5.87 per cent mainly due to a steep 20.59 per cent drop in cement exports, data from the All Pakistan Cement Manufacturers (APCMA), showed. Dispatches for the month stood at 2.767Mt, down from the 2.939Mt recorded in the same month last year. Local dispatches were 2.086Mt, representing a marginal rise of 0.19 per cent compared to 2.082Mt in October 2011. In the first four months of this fiscal year, total cement dispatches stood at 10.4... |
Pakistan exports to India decline02 November 2012, Published under Cement NewsPakistan cement exports to India have registered a decline of 15.67 per cent in the first quarter of current fiscal year, standing at 137,742t compared to 163,340t exports in the same period of last year, said Aizaz Mansoor Sheikh Chairman Association of Pakistan Cement Manufacturers (APCMA). Exports to India have been in constant decline ever since the two countries opened their borders for liberal bilateral trade, according to industry sources. Pakistan traders blame the stringent No... |
Lafarge Pakistan swings to 3Q12 profit31 October 2012, Published under Cement NewsLafarge Pakistan reported that it earned PKR268.52m in the third quarter of 2012 compared to a loss of PKR308.38m (US$3.2m) in the corresponding period of last year. The advance is attributed to rising cement prices and increased domestic demand. Net sales rose to PKR2.22bn in 3Q12 from PKR1.914bn in 3Q11. It incurred distribution costs of PKR45.75m and administrative expenses of PKR136.44m compared to PKR81.89m and PKR119.55m in July-September, respectively. Financing costs fel to PKR220... |
Lucky Cement 1Q net rises, updates on international expansion26 October 2012, Published under Cement NewsLucky Cement has reported a strong rise in profit after tax for the first quarter of the current fiscal year and provided a progress update on its expansion into Iraq and Democratic Republic of Congo. The company declared an after tax profit of PKR2014m (US$21m) for the quarter ending 30 September 2012, representing an increase of 33.79 per cent higher than the same period of last year, thanks to higher domestic sales. Gross profit increased by 32.87 per cent as net sales revenue improve... |
DG Khan first quarter boosted by prices, Pakistan25 October 2012, Published under Cement NewsPakistan cement producer DG Khan Cement Ltd (DGKC), reported a significant rise in net income in the first quarter of the current fiscal thanks to rising cement prices. Net income increased to PKR1.42bn (US$14.8m) from PKR355.5m, the Lahore-based company said in a filing today. Sales rose 15 per cent to PKR6.1bn. Cement makers have relied on price increases amid stagnant sales in the past five years. |
Pakistan’s 1QFY13 cement exports rise in value terms25 October 2012, Published under Cement NewsPakistan cement exports in the first quarter of the current fiscal rose in value terms YoY but in quantity terms volumes are still declining, according to data from Pakistan’s Bureau of Statistics. During the period from July-September 2012, US$146.321m worth of cement was exported which was up by 42.35 per cent compared to the same period of last year. However, in terms of quantity, exports totalled 1,899,791t in the first quarter of FY13 compared to 2,158,429t in the first quarter of FY... |
Pakistan cement producers post first quarter profit19 October 2012, Published under Cement NewsTwo leading Pakistan cement manufacturers have reported a rise in first quarter FY13 profit. Maple Leaf Cement Factory Limited posted PKR384.409m profit in the quarter ended September 30, 2012 as compared to after tax loss of PKR228.279m in the same period last year. According to the financial results sent to Karachi Stock Exchange, the company's net sales increased to PKR3.807bn in this quarter against PKR3.356bn in the same quarter last year while cost of sales stood at PKR2.680bn aga... |
Pakistan cement market progress15 October 2012, Published under Cement NewsLatest statistics on the Pakistan cement sector show that the country will have ended the first quarter of FY12-13 (July-September 2012) ahead of the same period as last year as September sales gather pace on the back of increased real estate activity and higher government infrastructure spending. Improving prices and government incentives are likely to further spur industry profitability but declining exports remain a concern. Preliminary estimates for September 2012 dispatches show tota... |
Lucky Cement wins sustainability award, Pakistan11 October 2012, Published under Cement NewsLucky Cement Limited, Pakistan's largest cement manufacturer and exporter, has received the Best Sustainability Report and the Best Corporate Report Awards - 2011. Lucky Cement secured overall Top position in the category for Best Sustainability Report Award, whereas its Corporate Report received 1st position in cement and sugar category. ??These awards for year 2011 were announced in a ceremony by the Institute of Chartered Accountants of Pakistan and the Institute of Cost and Management... |