Cement News tagged under: financial bussines results

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Lucky Cement records 92 per cent jump in profit

29 January 2024, Published under Cement News

Lucky Cement Ltd posted its financial result for 1HFY24 at the Pakistan Stock Exchange (PSX) on 26 January. The company announced unconsolidated earnings of PKR13.710bn (US$49m), showcasing a hefty jump of 92 per cent YoY. Gross sales increased to PKR79.26bn from PKR58.70bn over the same period. The company has decided to undertake a 28.8MW wind power project at the Karachi plant. The project is expected to be completed by 1QFY25. The company is also expected to increase solar capacities ...

Lafarge (Wapco) Cement Plc records profit of NGN17.55bn in 1Q22

25 April 2022, Published under Cement News

Nigeria’s third-largest cement producer, Lafarge (Wapco) Cement Plc , has released its 1Q22 unaudited results reporting a profit of NGN17.55bn (US$42.2m) during the period, representing 92.2 per cent YoY increase. Revenue growth for the period reached 26.8 per cent YoY. Sales of cement increased by 26 per ent achieving sales of NGN87.99bn, and sales of aggregates and concrete grew by 62.29 per cent, generating NGN2.52bn during the period. Mortar sales also increased by 60.41 per cen...