Cement News tagged under: financial business results
Kohat Cement Co's profit rises by 25% YoY01 November 2023, Published under Cement NewsKohat Cement Co Ltd (KOHC) has announced its financial result for 1QFY23-24 at the Pakistan Stock Exchange (PSX) posting a profit after tax (PAT) of PKR2.230bn (US$7.92m) compared to a PAT of PKR1.785bn in a year ago period up by 25 per cent YoY. The result, highlights by AHL Research, says that the topline during 1QFY23-24 clocked in at PKR11.064bn, displaying a jump of 25 per cent YoY compared to PKR8.853bn in the year-ago period. This growth in 1QFY23-24 is attributable to an increas... |
Cementos Molins posts revenues of EUR1079m in 9M2331 October 2023, Published under Cement NewsCementos Molins has announced its financial results for the first three quarters of 2023, achieving revenues of EUR1079m, up 13 per cent compared to same period in 2022. The company reached sales growth across all business segments and most regions. On a LfL basis, revenues rose by 34 per cent. EBITDA reached EUR278m, representing a 33 per cent increase compared to the same period last year. This improvement is driven mainly due to the positive impact of higher volumes, the company’s... |
Bestway Cement posts PKR3.07bn profit in 1QFY23-2431 October 2023, Published under Cement NewsPakistan Cement producer, Bestway Cement Ltd (BWCL) announced its financial results for the first quarter that ended 30 September 2023, on the Pakistan Stock Exchange (PSX) website. It reported a decrease in profit after tax to PKR3.07bn (US$1.11bn) from PKR3.30bn in the corresponding period last year. The high cost of fiancé (over PKR3bn) can be attributed to lesser profit during this period. Its net sales increased by 42.65 per cent to PKR36.22bn from PKR25.39bn during this period.... |
BUA Cement increases revenues by 28% in 9M2331 October 2023, Published under Cement NewsBUA Cement has released its 9M23 results and posted revenue of NGN335,863m up 27.9 per cent from NGN262,598m in 9M22. Operating profit increased from NGN99,245m in 9M22 to NGN119,683m in 9M23, up 20.6 per cent. Profit after tax for the 9M23 reached NGN76,065m up from NGN74014m in 9M22. Plant expansion at the Obu and Sokoto plants are ongoing with commissioning scheduled for the 1Q24 which will bring the company’s total cement capacity in Nigeria up to 17Mta. |
DG Khan Cement saw profits up by 70% YoY in 1QFY23-2431 October 2023, Published under Cement NewsDG Khan Cement Co Ltd of Pakistan has announced its financial results for the first quarter ended 30 September 2023 with details posted on the Pakistan Stock Exchange (PSX) website. Its net profit after taxation rose 70 per cent to PKR660.57m (US$2.38m) from PKR388.93m during this comparative period due to higher revenue. According to AHL Research, factors responsible for the higher profit include the reduction in coal prices along with a surge in cement prices. The company's net sal... |
Maple Leaf Cement profits increase to PKR1.62bn in 1QFY23-2430 October 2023, Published under Cement NewsPakistan cement producer Maple Leaf Cement Factory Ltd ( Kohinoor Textile Mills Ltd ) announced its financial results for the first quarter ended 30 September 2023, on the Pakistan Stock Exchange (PSX) website. Its net profit after taxation rose to PKR1.62bn (US$5.84m) from PKR1.37bn during this comparative period due to higher revenue. Its net sales increased to PKR16.67bn in the 1QFY23-24 from PKR12.82bn in the year-ago period. It incurred a higher distribution cost of PKR1.15bn ag... |
Power Cement reports losses in 1QFY23-2430 October 2023, Published under Cement NewsPower Cement Ltd in Pakistan announced its financial results for 1QFY23-24 on the Pakistan Stock Exchange (PSX) website. It posted a loss after tax of PKR540m (US$1.94m) during this period, compared to a loss of PKR271m in 1QFY23. The increased sales could not bring profit to the company account. The company's sales increased to PKR9.73bn in 1QFY23-24 from PKR5.57bn in the year-ago period. Similarly, the cost of sales also increased to PKR7.29bn from PKR4.76bn. It incurred a higher ... |
Dewan Cement reports PKR115m loss in 1QFY23-2427 October 2023, Published under Cement NewsPakistan cement producer Dewan Cement Ltd (DCL) , subsidiary of Mega Conglomerate Ltd , announced its financial results for the 1QFY23-24, which ended 30 September 2023, on the Pakistan Stock Exchange (PSX) website. It reported a loss after taxation of PKR115m (US$0.414m) against a loss of PKR681m during this period. The loss can be attributed to the high cost of sales during this period despite increased revenue. Its net sales increased to PKR5.61bn from PKR3.53bn. Similarly, the ... |
Cherat Cement reported profits up by 3% in 1QFY23-2425 October 2023, Published under Cement NewsCherat Cement Co Ltd (CHCC), subsidiary of Gulham Faroque Group , has announced its financial results for the 1QFY23-24 ended 30 September 2023. It reported an increase in profit after tax to PKR1.53bn (US$5.47m) from PKR1.48bn earned in the corresponding period last year. This reflects a growth of 3.4 per cent on a YoY basis, according to CHCC financial results posted on the Pakistan Stock Exchange on 23 October. The substantial increase in profitability can be attributed to lower... |
Attock Cement Pakistan earns profit in 1QFY2411 October 2023, Published under Cement NewsAttock Cement Pakistan Ltd (ACPL) has announced its 1QFY24 (July-September 2024) results today where the company posted profit after tax (PAT) of PKR1.54bn (US$5.67m) as opposed to PAT of PKR0.11bn in the same period last year. This could be the outcome of selling overseas units during this accounting period, according to the company's filing to the Pakistan Stock Exchange. However, research house Insight Securities (Pvt) Ltd says that the result came below expectations mainly due to lo... |