Cement News tagged under: Pakistan

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Pakistan's cement export revenue totals US$149.7m in 8MFY18

22 March 2018, Published under Cement News

Pakistan exports revenue of cement during the first eight months of FY17-18, recorded a YoY fall of 13.4 per cent and 16.9 per cent in quantity and value in dollars, respectively, says data released by Federal Bureau of Statistics, Government of Pakistan. The breakdown shows that the country exported 2.98Mt of cement and earned export revenue of US$149.71m in July 2017-February 2018 compared to 3.44Mt at US$180.13m in the corresponding months of the previous fiscal year. In February ...

Thatta Cement's profit falls to PKR183.9m in 6MFY17-18

19 March 2018, Published under Cement News

Thatta Cement Co Ltd's profit after tax fell from PKR389.8m (US$3.5m) to PKR183.9m (US$1.6m) during 6MFY17-18. Clinker production stood at 194,825t with a capacity utilisation of 76.4 per cent in comparison to clinker manufacture of 236,135t and capacity utilisation of 92.6 per cent during the corresponding period of last year. Lower off take of cement and accumulation of huge clinker stocks were cited as reasons for the decline in clinker production. Overall sales of the company during ...

Pakistan's capacity utilisation stands 91%

07 March 2018, Published under Cement News

The All Pakistan Cement Manufacturers Association (APCMA) reports that the domestic cement industry's capacity utilisation in the first eight months of this fiscal year ( July 2017-Feb 2018) stood at 91 per cent of the total installed capacity of the sector. In 8MFY17-18 the country's cement industry dispatched 31Mt of cement compared with dispatches of 26.3Mt in the corresponding period of last year, an increase of almost 18 per cent. In February 2018 alone, the total cement dispat...

Industry sales in Pakistan grow by 4% in 1HFY18

05 March 2018, Published under Cement News

The profitability of the cement sector in Pakistan has contracted in the 1HFY18, falling 13 per cent YoY to PKR26.85bn (US$258.4m). This has been attributed to both an increase in the international coal prices and a lower cement retention cost. In the 1HFY18, industry sales grew by four per cent YoY to PKR134.03bn, while cement dispatches recorded a growth of 12 per cent to 19.6Mt. However, this did not result in the topline growth of the sector due to a lower retention price in the north...

Cement price increase in north Pakistan

01 March 2018, Published under Cement News

Cement retail prices in northern Pakistan have increased by PKR10/bag (US$0.09), due to increase in demand, high capacity utilisation (close to 100 per cent in the north) and increase in coal prices, says a report of a local research house.   As a result, retail prices in Punjab have now risen to PKR515/bag (US$4.6/bag) while those in Khyber Pakhtunkhwa (KPK) are now back to PKR500. Analyst discussions with the management of cement companies suggest that they want to gradually increase...

Dandot Cement Co posts PKR320m loss in 1HY17-18

01 March 2018, Published under Cement News

Dandot Cement Company Ltd (DCCL) has announced that it has incurred a loss of PKR320m (US$2.88m) in 1HY17-18 as compared to a loss of PKR110m incurred in corresponding period last year.   According to a notification of DCCL's to the Pakistan Stock Exchange (PSX), company sales decreased to PKR679m from PKR 1.07bn during this period. DCCL incurred a distribution cost of PKR2m against PKR13.5m in 1HFY16/17.  The administrative expenses stood at PKR27m compared to PKR26m incurred in correspo...

Gharibwal Cement earns PKR752m in 1HFY17-18

28 February 2018, Published under Cement News

Gharibwal Cement Ltd (GCL) has announced its financial results for the half year ended 31 December 2017. It reported a profit after tax of PKR752m (US$6.7m) compared to PKR1.112bn, a fall of 32 per cent YoY. According to a notification of the company to the Pakistan Stock Exchange (PSX), GCL's sales decreased to PKR5.47bn from PKR5.52bn during this period. It incurred a distribution cost of PKR10m against PKR13m in 1HFY16-17. The administrative expenses stood at PKR193m compared to PKR18...

Power Cement announces increase in sales

28 February 2018, Published under Cement News

Power Cement Ltd (PCL) has announced a fall of 18 per cent YoY in profit after tax for the half year ended 31 December 2017. According to a notification to the Pakistan Stock Exchange on 26 February, PCL's sales increased by 1.5 per cent to PKR2.09bn (US$18.85bn) compared to PKR2.06bn, recorded in the corresponding period last year. PCL incurred a distribution cost of PKR67m against PKR54m of the year-ago period. Alongside this, administrative expenses also rose to PKR57m (1HFY16-17: PKR3...

Kohat Cement profits fall by 25% in 1HFY17-18

27 February 2018, Published under Cement News

Kohat Cement Co Ltd (KCCL) has announced a fall of 24.9 per cent in profit YoY for the half year ended 31 December 2017. KCCL reported a profit after tax of PKR1.644bn (US$4.6m) compared to PKR2.19bn (US$6m), earned in corresponding period last year.   According to a notification of company to Pakistan Stock Exchange (PSX) on 26 February, its sales dropped by four per cent to PKR6.867bn from PKR7.164bn during this period. KCCL incurred a distribution cost of PKR68m against PKR71m in 1HFY1...

Dewan Cement reports 1% profit rise in 1HFY17-18

26 February 2018, Published under Cement News

Dewan Cement Ltd (DCL) has announced its financial results for the half year ended 31 December 2017.  It reported a profit after tax of PKR550m (US$4.96m), c ompared to PKR476m (US$4.29m) in the corresponding period last year – representing a growth of 15.5 per cent YoY. According to a notification of company to Pakistan Stock Exchange (PSX), the company's sales increased to PKR6.45bn from PKR6.19bn during this period. Distribution costs of PKR106m were incurred against PKR96m in 6...