Cement News tagged under: Thatta Cement Co

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Thatta’s WHR project to start in 2QFY19-20

18 November 2019, Published under Cement News

Pakistan-based Thatta Cement Co Ltd is currently implementing its waste heat recovery project that will generate 5MW of electricity for the company at its Sindh plant. Commercial operation is expected to start in the second quarter of the current financial year, says the company in its latest quarterly report. In the quarter ended 30 September 2019, overall sales of Thatta Cement fell by 43.3 per cent YoY due to a decrease in sales in the south. The cost of sales to sales ratio has incre...

Thatta Cement profit falls by 40% in FY19

24 September 2019, Published under Cement News

Thatta Cement Co Ltd (THCCL) of Pakistan has announced its financial results for FY19. It declared earning of net profit of PKR213m (US$1.36m)(unconsolidated) as compared to PKR356m earned in the same period last year.  The company's profit dropped by 40.2 per cent despite increase in sales, which stood at PKR3.468bn compared to PKR2.842bn in the same period last year. The company incurred a higher distribution cost of PKR220m against PKR70m in the same period last year. Administrative ex...

Thatta Cement makes changes in management

08 February 2019, Published under Cement News

 Thatta Cement Co Ltd (TCCL) informed Pakistan Stock Exchange (PSX) earlier this week that it has made some changes in top management. The company has appointed Noor Mohammad as Director with effect from 4 February 2019 in place of Shahzad Sabir and also appointed Muhammad Abid Khan as Company Secretary with effect from 4 February 2019 in place of Shahid Yaqoob.

Thatta Cement earns PKR300m in 1HFY19

06 February 2019, Published under Cement News

Thatta Cement Co Ltd (TCCL) announced its financial results for the half year ended 31 December 2018 with consolidated earnings at PKR300m (US$2.1m), down by 6.54 per cent YoY, as compared to PKR321m reported in the same period last year. According to TCCL's notification to Pakistan Stock Exchange (PSX) on 6 February, company sales during the half year period increased by 34.54 per cent YoY to PKR2.33bn as compared to PKR1.73bn during the same period last year. The company incurred high...

Thatta Cement Co director resigns

09 January 2019, Published under Cement News

Thatta Cement Co Ltd has informed the Pakistani stock exchange that Shahzad Sabir resigned as Director from the Board of Directors with effect from 7 January 2019.

Thatta FY16-17 performance hit by higher costs

23 August 2017, Published under Cement News

Pakistan producer Thatta Cement Co reported a 5.4 per cent decline in net profit to PKR614.43m (US$5.8m) for FY16-17. Net sales rose increased by 28 per cent YoY to PKR3.656bn versus PKR2.846bn a year earlier. However, the company incurred selling and distribution costs of PKR101.03m and administrative expenses of PKR148.31m, representing increases of 41 and 30 per cent, respectively.  Thatta Cement is in the process of establishing a 5MW waste heat recovery plant at its 0.49Mta cemen...