Cement News tagged under: financial business results
Pioneer Cement’s profits shrink by 47% in FY21-2213 October 2022, Published under Cement NewsPioneer Cement Ltd earned a net profit after tax of PKR1.05bn (US$4.83m) in FY21-22 (July 2021-June 2022) compared to PKR1.97bn in the same period the previous year. This translates to a decrease in profit by 47 per cent YoY. The company, in its annual report, pointed out that its net sales during the reporting period increased by 46.1 per cent to PKR31.87bn from PKR21.81bn during the same period in the previous year. Despite the topline growth, increased input costs, higher inte... |
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 ... |
Thatta Cement receives an offer to explore minerals04 October 2022, Published under Cement NewsThatta 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... |
Kohat Cement's profit increased by 44% in FY21-2227 September 2022, Published under Cement NewsKohat Cement Co Ltd (KOHC) has announced an increase of 43.7 per cent in its profit on a YoY basis during its financial results for the year ended 30 June 2022. It reported a profit after tax of PKR5.024bn (US$21.31m) compared to PKR3.497bn earned in the year's corresponding period. The major factor responsible for the increase in profit was growth in sales. IMS Research has added that KOHC has posted impressive gross margin and operating profitability in 4Q (April-June 2022), majorly att... |
PPC Group revenues rise 9%16 September 2022, Published under Cement NewsPPC's group revenues, excluding Zimbabwe, for the five months ended August 2022, increased by nine per cent, driven by robust demand in Rwanda but impacted by hyperinflation accounting. Group cement sales volumes (including Zimbabwe) for the period were in line with the previous comparable period as subdued demand in South Africa and the impact of a maintenance-related kiln shutdown in Zimbabwe were offset by robust demand growth in Rwanda. In addition, cash generation remains positive and... |
DG Khan Cement sees reduced profit of PKR2.972bn in FY21-2214 September 2022, Published under Cement NewsDG Khan Cement Co Ltd (DGKC) announced the financial result for the FY21-22, posting a profit after tax (PAT) of PKR2.972bn (US$12.7m) compared to PKR3.721bn in the same period last year, depicting a decline of 20 per cent YoY. However, during the 4QFY21-22 (April-June 2022), the company recorded a loss of PKR647m against a profit after tax of PKR873m in the 4QFY20-21. According to AHL Research, the loss incurred during the fourth quarter was primarily due to the recognition of super t... |
Maple Leaf Cement reports 18.9% growth in profit during FY202202 September 2022, Published under Cement NewsMaple Leaf Cement Factory Ltd (MLCF) has informed Pakistan Stock Exchange (PSX) that the company declared its financial results for FY21-22 (July 2021-June 2022), whereby earnings arrived at PKR4.55bn (US$20.5m) against PKR3.82bn last year, up by 19 per cent. Whereas during 4QFY21-22 (April-June 2022), the company posted a profit after tax of PKR232m compared to PKR980m in the same period last year, depicting a decline of 76 per cent YoY mainly on account of imposition of super ta... |
Cherat Cement Co’s net profit rises 39% YoY30 August 2022, Published under Cement NewsCherat Cement Co Ltd (CHCC) announced its annual financial results for the year ended 30 June 2022 (FY21-22), on 25 August 2022, by declaring of net profit of PKR4.45bn (US$20.3m), which was increased by 39 per cent YoY, as compared to PKR 3.2bn in the same period last year. Net sales during the reporting period advanced by 27.3 per cent to PKR 32.08bn in FY21-22 from PKR 25.20bn during the same period last year, said a company bourse filling to Pakistan Stock Exchange (PSX). It incu... |
South Valley Cement Co posts net loss of 55% in 1H2226 August 2022, Published under Cement NewsSouth Valley Cement Co posted a net loss of 54.50 per cent during the first 1H22 to EGP117.08m (US$31.2m), compared to EGP75.75m in the 1H21. However, sales stood at EGP325.86m in the 1H22, a considerable growth from EGP106.43m in 1H21. In the second quarter of 2022, the cement company reported higher net losses at EGP85.87m from EGP40.05m in the 2Q21. In the meantime, the company’s sales grew to EGP119.71m during 2Q22 from EGP44.30m in the 2Q21. |
Adbri increases revenue by 8% in 1H2224 August 2022, Published under Cement NewsAdbri ’s revenue increased to NZD812.4m (US$501.4m) in the 1H22, up eight per cent on 1H21 driven primarily by strong construction and mining sector demand and improved pricing across most products, said the company. Underlying net profit after tax decreased 1.3 per cent to NZD54.3m. Results were impacted by operational challenges associated with extreme wet weather events on the east coast of Australia, anticipated lower lime volumes, higher raw materials, shipping, transport, power and f... |