Cement News tagged under: Thatta Cement

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Thatta Cement dispatches up 68% YoY

07 October 2022, Published under Cement News

Pakistan's Thatta Cement has reported net sales of PKR4.26bn (US$19.3m) in the 2022 financial year (ended 30 June, 2022), compared to PKR2.43bn in the previous year. Gross profit came in at PKR320m, down on the PKR384m seen in 2021, while profit for the year was PKR119.3m in 2022, versus PKR201.8m in 2021. According to the company, 2022 saw a better performance despite tough market conditions and significant uncertainties due to political instability and the Russian-Ukraine war. Other ...

Thatta Cement receives an offer to explore minerals

04 October 2022, Published under Cement News

Thatta Cement has informed Pakistan Stock Exchange (PSX) that the Director General Mines and Minerals of Baluchistan has granted a provisional offer to Thatta Cement to explore minerals in District Lasbella, Baluchistan Province of Pakistan.  Company Secretary, Muhammad Abid Khan, added in a regulatory filing that under the said offer, the Licensing Authority has offered two sites in Lasbella, measuring a total area of 185.85km 2 (45,928.06 acres) under an “Exploration License” for exp...

Thatta Cement Co increases Sindh’s capacity

10 September 2021, Published under Cement News

Thatta Cement Co Ltd has completed its increases in clinker and cement capacities at its plant in Makli, Thatta district, Sindh province, Pakistan. The company shared this update with the Pakistan Stock Exchange Ltd about important material information earlier this week. The company has completed in-house modifications and improvements in the processes of the existing plant. Its technical team has completed the trials and testing process. Due to earlier changes and improvements, the ...

Thatta Cement's profits slip in 1HY19-20

25 February 2020, Published under Cement News

Pakistan's Thatta Cement Company Ltd (THCCL) has announced its consolidated financial results for the half year ended 31 December 2019. It posted a profit of PKR116m (US$0.75m), representing a 61.4 per cent fall YoY, as compared to PKR300m earned in the same period last year.  The major factor responsible for this drop were lower sales and increased finance costs. THCCL's net sales during the reporting year decreased by 35.5 per cent to PKR1.50bn from PKR2.33bn during the same period last ...

Thatta Cement appoints new CFO

01 January 2020, Published under Cement News

Thatta Cement Co Ltd (THCCL) informed the Pakistan Stock Exchange (PSX) on 1 January that Mr Fuad Zakaria Bhuri has been appointed to the position of Chief Financial Officer (CFO) of the company with effect from 1 January 2020, in place of Mr Shahid Yaqoob. Thatta Cement operates an integrated cement plant with a capacity of 488,250tpa at Thatta in the Sindh Province of Pakistan.

Varied results for PSX listed cement producers in 1QFY19-20

13 November 2019, Published under Cement News

The financial results of eight cement companies of Pakistan for the July-September 2019-20 period reveals that their profits shrank owing to weak sales, high financial charges and other unavoidable factors, with a few of them also sustaining losses.   Industry overview In the 1QFY19-20 Pakistan's cement industry posted a marginal growth of 2.6 per cent, amounting to 11.13Mt compared with 10.85Mt last year. Local dispatches remained more or less the same, rising to 9.12Mt from 9.06Mt in th...

Thatta Cement announces new chairman

27 September 2019, Published under Cement News

Pakistan’s Thatta Cement Co Ltd has announced that a new chairman has been appointed. Naheed Memon will succeed Khawaja Muhammad Salman Younis in the role, with effect from 23 September 2019. Elsewhere, the company recently announced a 40 per cent profit decline in the FY19 .

Thatta Cement's achieves net profit after tax of PKR164m

25 April 2019, Published under Cement News

Thatta Cement Company Ltd (TCC), announced its financial results for 9MFY19 on 24 April. It reported net profit after tax of PKR164m (US$1.16m), down 47 per cent when compared to PKR307m in the year-ago period. TCC's net sales increased to PKR2.89bn from PKR2.17bn during this period, representing a growth of 33 per cent YoY. The company incurred higher distribution expenses of PKR208m and administrative expenses fell to PKR77m compared to PKR7m and PKR95m, respectively in nine months of t...

Thatta Cement appoints directors and appproves WHR project at AGM

18 October 2018, Published under Cement News

At Thatta Cement Co Ltd's (TCCL) annual general meeting the company elected seven directors for a three-year term commencing from 16 October 2018. The appointments include Khawaja Mohammad Salman Younis, Muhammad Taha Hamdani, Agha Sher Shah, Shahid Aziz Siddiqui, Naheed Memon, Saleem Zamindar and Shahzad Sabir. The company has also approved the time period for providing a PKR300m (US$2.25m) loan/advance facility to its subsidiary company, Thatta Power (Pvt) Ltd (TPPL),  as approved by t...

Thatta Cement reports 22% drop in net sales for FY17-18

14 September 2018, Published under Cement News

Pakistan’s Thatta Cement has recorded a 22.3 per cent YoY fall in net sales to PKR2.84bn (US$23.03m) for the FY17-18 period, ended 30 June 2018. Operating profit decreased 38.4 per cent to PKR563.2m (FY16-17: PKR913.69m), while net profit slipped 38.7 per cent to PKR356.86m (FY16-17: PKR581.99m). Consolidated net sales saw a minor decline of 0.8 per cent to PKR3.79bn, compared with PKR3.82bn of the FY16-17. Consolidated operating profit was down 10.5 per cent YoY to PKR987.63m. However, ne...