Cement News tagged under: cement dispatches
A score of cement companies mixed financial results in 9MFY22-2315 May 2023, Published under Cement NewsSeveral of Pakistan’s cement firms have presented their financial result for the 3QFY22-23 and 9MFY22-23 in April/May 2023. During the accounting period of nine months, they reported mixed results due to a rise in the cost of sales, distribution and finance charges, etc. High inflation and political unrest also dented sales and profits. In the 9MFY22-23 Flying Cement Co Ltd reported a decrease in profit after tax (PAT) to PKR226m (US$0.79m) from PKR766m earned in the corresponding pe... |
April's local cement dispatches fall, but exports rise05 May 2023, Published under Cement NewsThe All Pakistan Cement Manufacturers Association (APCMA) has warned about the fall of cement dispatches to local and overseas markets during April and 10MFY22-23 (July 2022-April 2023), which was due to a seasonal break in construction activities in the holy month of Ramadan and inflation pressure on buying power of consumers. In addition, APCMA said that the current economic turmoil has badly impacted cement consumption. Therefore, total cement dispatches declined by 16.6 per cent to 2.951... |
APCMA releases mixed dispatches data for March 202306 April 2023, Published under Cement NewsTotal cement dispatches of Pakistan's cement mills in March 2023 were 3.795Mt against 5.01Mt in the previous fiscal year, representing a fall of 24.2 per cent. A spokesman of the All Pakistan Cement Manufacturers Association (APCMA) said that construction activities in both the northern and southern regions of the country have significantly decreased in recent months, which is not only creating an alarming situation for the industry but also drying up the employment opportunities f... |
Pakistan cement dispatches contract in November and 5MFY2306 December 2022, Published under Cement NewsPakistan's cement industry has recorded a YoY contraction of 16.82 per cent during November and 21.78 per cent in five months (July – November 2022) of the current FY2022-23. Cement dispatches/sales were disrupted due to a host of factors, including increased fuel prices, overall economic slowdown, flood impacts in the southern region, political unrest and multiple hikes in interest rates. The government increased interest rates last week by one per cent to 16 per cent. This will also dent... |
Local Pakistan and export dispatches fall during September11 October 2022, Published under Cement NewsPakistan's cement industry has recorded a YoY fall of 6.83 per cent in dispatches during September 2022, with total cement dispatches (local and exports) shrinking to 4.276Mt from 4.589Mt in the same month of last fiscal year, says data released by the All Pakistan Cement Manufacturers Association (APCMA). The breakdown shows that local dispatches slid by 5.33 per cent to 3.80Mt from 4.01m, while exports declined by 17.35 per cent to 472,437t from 571,613t. Giving reasons for the negati... |
Pakistan cement dispatches dwindle in July 202203 August 2022, Published under Cement NewsPakistan dispatched a 2.039Mt of cement during July 2022, down 47.7 per cent from 3.899Mt during the same month of the last fiscal year. According to the data released by the APCMA, local cement dispatches by the industry during July 2022 were 1.88Mt compared to 3.44Mt in July 2021, showing a decline of 45.3 per cent. Export dispatches also suffered a massive decrease of 66.1 per cent as the volumes reduced from 452,777t in July 2021 to 153,517t in July 2022. As a result, capacity ut... |
Pakistan dispatches decline in FY22 by 8%05 July 2022, Published under Cement NewsThe All Pakistan Cement Manufacturers Association (APCMA) released 12 months of local and overseas dispatch data on 4 July. During the FY21-22 (July 2021-June 2022) total cement dispatches were 52.89Mt, 7.9 per cent lower than 57.43Mt dispatched during the last fiscal year. Domestic consumption during this period fell by one per cent to 47.63Mt from 48.11Mt, while exports declined by 43.6 per cent to 5.25Mt from 9.31Mt from FY20-21. DG Khan Cement Co said in a briefing that local g... |
Pakistan cement dispatches and exports slow in 9MFY2221 April 2022, Published under Cement NewsPakistan’s cement dispatches have slowed amid rising construction costs, a lower development budget and higher freight costs with 9MFY22 dispatches down six per cent, says Topline Securities. Topline analysts report that political noise, economic slowdown and rising cement bag costs could further affect dispatches going ahead. Along with the lower dispatches, rising coal cost is another key concern for the sector as global supply chain disruption, and the Russia-Ukraine war has kept t... |
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.... |
Pakistan cement dispatches fall in February and 8MFY2207 March 2022, Published under Cement NewsAll Pakistan Cement Manufacturers Association (APCMA) released disappointing domestic and export dispatch data for February and 8MFY22 as some negative developments hit the cement industry. Businesss sentiment is low as the industry sees burgeoning coal prices, a cut in public sector development funds by Islamabad to make up losses for the freezing of oil prices and lowering power tariffs for the next four months. In addition, there have been falling prices of cement scripts in local market... |