Cement News tagged under: Pakistan
Maple Leaf Cement Factory saw a fall in profit in 1HFY23-2423 February 2024, Published under Cement NewsMaple Leaf Cement Factory Ltd (MLCF) reported its 2QFY23-24 (October-December 2023) and 1HFY2023-24 results to the Pakistan Stock Exchange (PSX), posting net earnings of PKR2.24bn (US$) in 2QFY23-24, down 23 per cent YoY and up 38 per cent QoQ. This takes 1HFY23-24 (July-December 2023) earnings to PKR3.86bn compared to PKR4.30bn, down 10 per cent YoY due to a decline in sales volumes. According to Topline Pakistan Research, the 2QFY23-24 result exceeded industry expectations due to high... |
Fauji Cement is equipped with new pulveriser and pellet press22 February 2024, Published under Cement NewsPakistan-based Fauji Cement has invested in its laboratory control equipment. Rajpoot Links Pet Ltd has commissioned the new generation of Herzog HSM100 Pulverizer and HTP40 pellet press at Fauji Cement Co Ltd at the Dera Ghazi Khan cement plant. |
Pakistan’s cement industry exports exhibit mixed trends21 February 2024, Published under Cement NewsPakistan’s cement industry has registered significant growth in the first seven months of FY23-24 (July 2023-January 2024) due to the continued good exchange rate of the Pakistani rupee against foreign currency and other factors. AKD Research believes that the recent decline in international coal prices, dropping to US$92/t following reduced winter demand from Europe, presents a favourable development for the cement industry for local and exports. Pakistan’s cement and clinker exports inc... |
Cherat Cement saw 12 per cent profit growth in 1HFY23-2420 February 2024, Published under Cement NewsCherat Cement (CHCC) has recently uploaded its financial results to the Pakistan Stock Exchange (PSX) website. The company reported a 2QFY23-24 net profit after tax (NPAT) of PKR1.9bn (US$m12.2m), up 20 per cent YoY and 22 per cent QoQ. This result takes 1HFY23-24 NPAT to PKR3.4bn, up 12 per cent YoY. The positive result was possible due to increased gross margin and other income as well as a cut in financial costs during the three and six months. The company posted net sales of PKR20.... |
Kohat Cement Co profits grow by 24% in 1HFY23-2415 February 2024, Published under Cement NewsKohat Cement Co Ltd announced its financial result for 1HFY23-24 on the Pakistan Stock Exchange website on 14 February, posting a profit after tax (PAT) of PKR4.453bn (US$15.9m) compared to a PAT of PKR3.578bn in the same period last year (SPLY). This translates into a growth of 24 per cent YoY. On the other hand, the profitability in 2QFY23-24 advanced by 14 per cent YoY to PKR2.224bn compared to SPLY. According to AHL Research, the topline during 1HFY23-24 clocked in at PKR21.462bn, s... |
Kohat Cement Co to post strong results12 February 2024, Published under Cement NewsKohat Cement Co Ltd is scheduled to announce its financial result for 1HFY23-24 (July-December 2023) on 14 February whereby AHL Research anticipate the company will post a profit after tax of PKR4.313bn (US$15.57m) as compared PKR3.578bn, up by 21 per cent YoY. Likewise, in 2QFY23-24 (October-December 2023) earnings are expected to climb by seven per cent YoY, arriving at PKR2.084bn. The top line in 2QFY23-24 is expected to decline by nine per cent YoY to settle at PKR10.017bn... |
Attock Cement Pakistan’s profitability jumps 264% in 1HFY2408 February 2024, Published under Cement NewsAttock Cement Pakistan Ltd posted its financial result for 1HFY23-24 on the Pakistan Stock Exchange (PSX) website on 6 February, wherein it declared a profit after tax (PAT) of PKR2.04bn (US$730.1m) compared to a PAT of PKR560m in the same period last year, a growth of 264 per cent YoY. The company's profitability in 2QFY23-24 advanced by 12 per cent YoY to PKR497m compared to the year-ago period. Alongside the result, ACPL announced an interim cash dividend of PKR2.50/share in 2QFY23-2... |
Cement dispatches exhibit mixed trend during January 202407 February 2024, Published under Cement NewsPakistan's total cement dispatches declined by 14.8 per cent in January 2024 to 3.414Mt against 4.006Mt in January 2023. Out of this total, local cement deliveries decreased by 17.3 per cent to 2.967Mt compared to 3.588Mt in January 2023. However, exports increased by 6.8 per cent as the volumes increased from 418,067t in January 2023 to 446,595t in January 2024. A spokesman of the All Pakistan Cement Manufacturers Association (APCMA) informed the government about the serious implications... |
Kohat Cement Company completes BMR05 February 2024, Published under Cement NewsKohat Cement Company Ltd (KCCL) informed the Pakistan Stock Exchange (PSX) on 1 February that the Balancing, Modernisation and Replacement (BMR) (pyro-process optimisation) of the existing 6700tpd grey cement production line located at Kohat, Khyber Pakhtunkhwa (KPK), has successfully been completed. It will help the company to bring operational and cost efficiencies to the plant. A last quarter report adds that the company commissioned a 10MW solar power project at its Kohat site in Augu... |
Fauji Cement Co expected to post mixed financial results05 February 2024, Published under Cement NewsAccording to AHL Research, Fauji Cement Co Ltd (FCCL) is scheduled to announce its financial result for 2QFY23-24 (October-December 2023) soon with an expected profit after tax of PKR2.347bn (US$8.39m) as compared to PKR2.764bn a year ago. This represents a fall of 15 per cent YoY. This will take the earnings for 1HFY23-24 (July-December 2023) to settle at PKR4.961bn compared to PKR5.079bn in 1HFY22-23. Despite a seven per cent YoY decline in total dispatches in 2QFY23-24, the top line is... |