Cement News tagged under: Power Cement
Power Cement Ltd posts US$2.03m loss in FY2212 October 2022, Published under Cement NewsPower Cement Ltd has reported a loss after taxation of PKR443m (US$2.03m) in its 2022 financial year, compared to a profit of PKR358m in the corresponding period last year, said a company statement to the Pakistan Stock Exchange. Net sales increased by 23 per cent to PKR17.49bn from PKR14.22bn in the same period last year. It incurred lower selling and distribution expenses of PKR965m from PKR1.19bn in FY21, while administrative costs increased to PKR286m from PKR254m over the same ... |
Power Cement's Kiln Line III to resume operations by the end of April 202213 April 2022, Published under Cement NewsPower Cement Ltd informed Pakistan Stock Exchange (PSX) on 11 April 2022, that a component of the new Line III of the company’s plant at Nooriabad Industrial Area, Kalo Kohar District, Jamshoroo, Sindh, was damaged at the end of January 2022. According to Power Cement's Company Secretary, Salman Gogan, it does not expect an adverse financial impact due to the warranty coverage and the availability of stock sufficient to cover over two months of sales. Meanwhile, the planned periodic ... |
New CFO for Power Cement05 April 2022, Published under Cement NewsPower Cement Ltd has appointed Irfan Sikandar Bawa as CFO with effect from 4 April 2022, succeeding Tahir Iqbal, according to the company’s filing to the Pakistan Stock Exchange. |
Pakistani cement producers earn a profit in 1HFY2211 March 2022, Published under Cement NewsThe major players in Pakistan’s cement industry have reported a profit during 1HFY22 in Pakistan. The Spectrum Research has attributed to an increase in the topline, a decrease in finance cost and an increase in other costs during this period, particularly in the 2QFY22. However, most of the companies did not announce any dividends. Industry dispatches in 1HFY22 According to Lucky Cement , the cement industry-wide local sales volume registered a growth of 1.9 per cent to reach 24.... |
Power Cement reports 82% YoY rise in 1H net profit02 March 2022, Published under Cement NewsPower Cement posted a 43.6 per cent increase in revenues to PKR5162m (US$29.1m) in the quarter ended 31 December 2021 (2QFY21-22), up from PKR3595m m in the 2QFY20-21. Operating profit saw a 37.3 per cent hike to PKR961m in the 2QFY21-22 from PKR700m in the equivalent period of the previous year. Net profit advanced 96.7 per cent YoY to PKR471m in the 2QFY21-22 from PKR239.4m. Half-year results In the half year ended 31 December 2021, Power Cement saw its revenues increase by 35.7 pe... |
Power Cement posts surge in revenue21 April 2021, Published under Cement NewsPakistan’s Power Cement has seen its revenue surge 341 per cent to PKR10.96bn (US$71.39m) in the nine-month period ended 31 March, compared to PKR2.65bn in the year-ago period. Its profit after tax reached PKR110.5m against a PKR1.75bn loss in the 9MFY19-20. In the 3QFY20-21 revenue advanced to PKR4.1bn from PKR1.39bn, while profit after tax returned to PKR41.68m from a PKR1.38bn loss in the 3QFY19-20. |
Power Cement sees net sales surge 459%03 November 2020, Published under Cement NewsPakistan’s Power Cement saw its net sales surge 458.9 per cent YoY in the quarter ending 30 September 2020, rising to PKR3.26bn (US$20.36m) from PKR583m. However, the company has also reported a loss after tax of PKR170.78m against a PKR7.9m profit in the corresponding period of the previous fiscal. |
Power Cement begins commercial operations at 7700tpd plant01 July 2020, Published under Cement NewsPakistan’s Power Cement Ltd has announced that its 7700tpd clinker production plant has reached its rated capacity and will therefore begin commercial production from 1 July 2020. The company noted production levels of 450,096t and 502,541t of cement and clinker, respectively, during the 9MFY19-20. Domestic sales reached 418,757t, while cement exports were at 4372t and clinker exports at 111,800t. Overall this represents a nine per cent decline in both domestic and export sales. However,... |
Powering up with WHR07 April 2020, Published under Cement NewsIn the south of Pakistan, Power Cement Ltd (PCL), part of the Arif Habib Group, has started production from a new 7700tpd clinker line supplied by FLSmidth. The hot exhaust gases from the new facility are utilised to generate around 11.5MW of gross power without using any fuel. By SM Imran, Power Cement, Pakistan. View of the AQC boiler, Power Cement, Pakistan Globally, steam Rankine cycle-based technology has established its status in cement and power plants in terms of reliabi... |
Power Cement completes plant expansion30 December 2019, Published under Cement NewsPower Cement Ltd, part of the Arif Habib Group, has completed the expansion of its Nooriabad facility, Pakistan, making the company the second largest producer in the southern region of the country. The upgraded plant installed a second production line, supplied by FLSmidth (Denmark), increasing capacity from 3000tpd to 10,700tpd. Total plant capacity now stands at 3.6Mta. |