Cement News tagged under: Pakistan
Kohat Cement plans waste heat recovery project, Pakistan17 September 2012, Published under Cement NewsPakistan cement producer Kohat Cement is planning to construct a 9MW waste heat recovery project (WHRP). Sources say the plant will reduce electricity dependency on the national grid by 38 per cent. Kohat is currently under negotiations with different suppliers, although the project cost and its timeline are as yet undisclosed. The company achieved YoY profitability 26 times higher with profit after tax (PAT) of PKR661m in FY12 compared to PKR64m in FY11. This was mainly due to improve... |
DG Khan full-year profit rises, Pakistan11 September 2012, Published under Cement NewsPakistan cement producer DG Khan Cement reported a profit-after-tax of PKR4.10bn (US$43.3m) for the year ended June 30 2012, compared to PKR170.96, earned in the previous year, according to a statement on Monday. This translated into the earnings per share (EPS) of PKR9.38 from 45 paisas in 2011-12, according to the profit and loss account of the company available with the Karachi Stock Exchange. Revenues for the company surged 24% to PKR22.95bn in fiscal 2012, against sales of PKR18.58b... |
Domestic demand drives Kohat Cement FY12 sales10 September 2012, Published under Cement NewsPakistan’s Kohat Cement Company Ltd (KOHC) achieved a 26.5 per cent YoY growth in domestic sales during FY12, outperforming the industry which grew 8.8 per cent. Its exports, however, suffered a steep decline of 29.6 per cent YoY to 273,000t, reducing total growth to 12 per cent. The company achieved a four-year high capacity utilsation rate of 59 per cent, the highest since it started operations of ist expansion project. It expects volumes to grow at CAGR of four per cent for to 1.9M... |
Pakistan capacity utilisation drops to 10-year low06 September 2012, Published under Cement NewsCapacity utilisation of the Pakistan cement industry declined to 68.29 per cent in the first two months of the current fiscal (FY12-13), the lowest level in a decade figures from the All Pakistan Cement Manufacturers Association (APCMA) show. The drop is attributed to falls in domestic demand during July and August mainly due to Ramazana and heavy rains in the country, as well as a decline in exports. APCMA data shows that total cement dispatches were down 1.64 per cent and 2.82 per ce... |
Lafarge Pakistan Cement swings to profit05 September 2012, Published under Cement NewsLafarge Pakistan Cement reported profit after tax of PKR498.916m (US$5.3m) in the first half of calandar year 2012 compared to losses of PKR17.539m in same period last year, boosted by a rise in domestic sales and cost optimisation. Net sales for the period stood at PKR4.784bn against PKR3.684bn in 2011. Its administrative and financial cost increased to PKR278.6m and PKR604.662m from PKR221.613m and PKR481.564m, respectively 1H11. Distribution costs also increased to PKR115.625m from PKR... |
FECTO Cement lease extended, Pakistan04 September 2012, Published under Cement NewsFECTO Cement has obtained another 30 years’ extension to its lease. The lease agreement has been controversial since it was granted to the cement factory by former dictator, General Zia-ul-Haq. According to sources in the Capital Development Authority, the cement factory falls in a National Park Area consisting of the Margalla Hills, the Rawal Dam, and the adjoining green areas. The factory has also been causing concern due to alleged erosion of land and environmental pollution resulting in ... |
Cherat Cement full-year net profit jumps, Pakistan28 August 2012, Published under Cement NewsPakistan-based producer Cherat Cement posted a rise in net profit to PKR436.8m for the fiscal year ended 30 June 2012 (FY12) from PKR68.851m, according to reports in the Pakistan Observer. Earnings per share rose to PKR4.57 in the period compared to PKR0.72. Turnover rose to PKR5.45bn in FY12 compared to PKR4.24bn in FY11 while the cost of sales increased to PKR4.30bn against PKR3.68bn. Pre-tax profit rose to PKR571.62m compared to PKR55.2m a year earlier. Cherat Cement supplies the North ... |
Pakistan cement industry earns US$46m from exports in July 201224 August 2012, Published under Cement NewsPakistan's cement manufacturers and exporters exported 545,125t of cement and earned US$46.197m in the first month of current FY12-13, ie July 2012, compared to 612,500t at US$52.064m in June 2012. This reflects a fall of 11 per cent and 11.27 per cent in terms of quantity and value in dollar, respectively, on a MoM basis, according to data released by the government’s Federal Bureau of Statistics. Furthermore, if compared with July 2011 data of 740,592t cement at a value of US$39.074m... |
Pakistan loses Afghan cement market share to Iran20 August 2012, Published under Cement NewsThe declining trend of cement exports continues to worry Pakistani manufacturers as cement exports to Afghanistan have plummeted by 10 per cent annually, owing to availability of cheaper Iranian cement there. The industry said that the energy crisis and constant hike in petroleum products have made its product uncompetitive even in the neighbouring country, the main purchaser of cement from Pakistan. Industry sources said that historically US sanctions on Iran have been an impediment for... |
Lucky Cement domestic sales boost full-year profit, Pakistan16 August 2012, Published under Cement NewsLucky Cement reported a 71 per cent rise in full year net profit as domestic sales offset a decline in exports. Net income was PKR6.78bn (US$71.8m) in the 12 months ended 30 June with a PKR3.97bn (US$623.5m) a year earlier, the Karachi-based company said in a filing to the stock exchange. Revenue rose 23 per cent to PKR39.1bn while sales were three per cent higher at 5.97Mt. Domestic sales rose seven per cent while exports were down 4.7 per cent to 2.25Mt, the company said. A total ... |