Cement News tagged under: Pakistan

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Flying Cement 1QFY19 profits rise by 43%

31 October 2018, Published under Cement News

Pakistan's Flying Cement Co Ltd (FCCL) announced its financial results for the 1QFY19 on 30 October.  It posted an increase in profit to PKR3.02m (US$22,682), up by 42.62 per cent YoY, as compared to PKR2.12m reported in the same period last year. The increase in profit was possible due to a surge in quarterly sales, which rose by 56.5 per cent YoY to PKR850m from PKR543m reported during the same period last year. FCCL incurred lower administrative expenses of PKR10.77m and higher distri...

Kohat Cement expansion works on schedule

31 October 2018, Published under Cement News

The installation of Kohat Cement Co Ltd's new 7800tpd grey cement line is making good progress at the existing plant in the Khyber Pakhtunkhwa province, Pakistan, according to the company's directors' report. Almost 70 per cent of the plant has been shipped by the supplier. Civil and erection works are progressing as scheduled, the 1QFY19 reported added. Presently Kohat Cement has 2.8Mta of grey cement capacity and 150,000tpa of white cement.

Gharibwal Cement's 1QFY18 profits fall to PKR269m

30 October 2018, Published under Cement News

Gharibwal Cement Ltd (GCL) announced its financial results for the 1QFY19 on 29 October. It posted a decline in profit to PKR269m (US$20,194), down by 10.6 per cent YoY, as compared to PKR301m reported in the same period last year. GCL's sales during the quarter decreased by 7.9 per cent YoY to PKR2.47bn from PKR2.69bn reported during the same period last year. The company incurred lower administrative expenses of PKR98m and higher distribution costs of PKR9.3m compared to PKR99m ...

Lucky Cement sees 9% turnover rise, 24% profit fall

30 October 2018, Published under Cement News

Lucky Cement reported a 9.2 per cent rise in gross turnover for the quarter ended 30 September 2018 to PKR31.32bn (US$235.2m) from PKR28.68bn in the same quarter of the previous year. The Pakistani cement producer attributed the increase primarily due to higher sales volumes and an increase in federal excise duty and sales tax. The company reported a consolidated profit after tax of PKR3.16bn in the quarter, down 24.2 per cent YoY. In the year-ago period, profit after tax reached PKR4.17bn...

CTP Team Srl wins two ESP to baghouse projects in Pakistan

30 October 2018, Published under Cement News

Pakistan-based cement producers Popular Cement and Cherat Cement have chosen CTP Team Srl for the company's expertise in de-dusting and air filtration system to carry out emissions control projects at their cement plants. Popular Cement has chosen the Italian dedusting specialist to convert its ESP to a baghouse at its cement mill using European state-of-the-art technology, before resuming operations at the plant following a nine-year stoppage. Meanwhile, Cherat Cement needed to co...

CMA meets with government Commerce and Industry advisor

29 October 2018, Published under Cement News

During a meeting on 27 October, Pakistan's Cement Industries Association (CMA) has informed the the country's Advisor to the Prime Minister on Textile, Commerce, Industry, Production and Investment, Abdul Razak Dawood, that Pakistani companies are exporting clinker by sea to Bangladesh, where clinker demand and prices have risen. "It's a good breathing space for Pakistani cement manufacturers to export our surplus clinker to Bangladesh and other parts of the world," said the CMA> Abdul R...

Increased export revenue MoM and YoY for Pakistan producers in 3MFY19

29 October 2018, Published under Cement News

According to the Federal Bureau of Statistics, Pakistan's cement industry earned foreign exchange revenue of US$29.05m by exporting 671,913t of cement during September compared to US$27.57m on 617,745t of cement in previous month. This represents a MoM growth of 5.4 per cent and 8.8 per cent in terms of value and quantity, respectively. Compared to September 2017, earnings of US$17.76m on 359,766t of cement, it translates to a growth of 63.5 per cent in earning of foreign currency and 86....

Pioneer Cement sees profits fall by 38% in 1QFY19

26 October 2018, Published under Cement News

Pioneer Cement Ltd (PCL) announced its financial results for the 1QFY19 on 25 October. It posted a profit fall to PKR257m (US$1.93m), down by 38.4 per cent YoY, as compared to PKR417m reported in the same period last year.   According to PCL's notification to Pakistan Stock Exchange (PSX), company sales during the quarter increased by 2.5 per cent YoY to PKR3.23bn from PKR3.15bn reported during the same period last year.   The company incurred higher distribution cost of PKR41m and admini...

DG Khan Cement 1QFY19 earnings fall by 85%

26 October 2018, Published under Cement News

DG Khan Cement Company Ltd (DGKC) of Pakistan announced its financial results for 1QFY19 with unconsolidated earnings falling at PKR418m (US$3.1m), down by a substantial 85 per cent YoY, as compared to PKR2.84bn reported in the same period last year, says a filling of company to Pakistan Stock Exchange on 25 October. Company net sales increased by nine per cent to PKR8.18bn YoY, likely due to incremental sales from its south plant, which are still below expected levels from managements p...

Dewan Cement reports fall in profit 1QFY19

25 October 2018, Published under Cement News

Pakistan's Dewan Cement Ltd (DCL) on 25 October announced that it earned PKR184m (US$1.37m) in 1QFY19, down by 24.8 per cent YoY, as compared to PKR245m reported in the same period last year. According to DCL's notification to Pakistan Stock Exchange (PSX), company sales during the quarter declined by 2.3 per cent YoY to PKR2.91bn from PKR2.98bn of same period last year. The gross profits during the period dropped substantially by 23.41 per cent YoY. The company incurred higher distr...