Good start to financial year for Pakistani producers
Pakistan's cement industry displayed a robust jump in sales during the first month of the current fiscal year (FY20-21). The significant increase in dispatches also reflected in...
Indian Sub-Continent
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State Bank reviews the cement industry’s performance for the period 9MFY20
The State Bank of Pakistan released its 3QFY20 report on ‘The State of Pakistan’s Economy’ on 30 July. According to the report, successful stabilisation measures that had foster...
Pakistani cement and construction FDI down in FY19-20
The State Bank of Pakistan (SBP) has released foreign direct investment (FDI) data for June 2020 and the FY2019-20. FDI surged by 45 per cent MoM to US$174.8m in June while for ...
Pakistani cement output falls 35% in May
Pakistan's Federal Bureau of Statistics (PBS) has released production data for May and the 11-month period of July 2019-May 2020. The overall output of large-scale manufacturing...
UltraTech Cement's consolidated net sales reach INR75,630m in 1QFY21
UltraTech Cement Ltd’s (Aditya Birla Group) consolidated net sales reached INR75,630m (US$1.01bn) in the 1QFY21 compared to INR112,290m in the 1QFY20. Profit before interest, de...
India Cements post 77% drop in 1Q net profit
India Cements reported a 76.5 per cent fall in its net profit to INR169.6m (US$2.3m) in the first quarter of FY20-21 from INR722.1m in the 1QFY19-20. Total income declined 48.3 ...
Indian demand expected to fall 25% in FY21
Cement demand in India is forecast to contract by up to 25 per cent in FY20-21 due to the coronavirus lockdown and subsequent specific restriction on construction activities, ac...
LafargeHolcim Bangladesh reports 6% increase in PAT
LafargeHolcim Bangladesh has seen its profit after tax advance 6.2 per cent to BDT843m (US$9.94m) in the first half of 2020, against BDT794m last year. The company has noted the...
ACC reports 40% fall in net profit
India’s ACC (LafargeHolcim) has reported a 40 per cent YoY decline in consolidated net profit to INR2.71bn (US$36.2m) in the first quarter of FY20-21, compared to INR4.55bn in t...
Pakistan's cement export volumes rise
Pakistan's Federal Bureau of Statistics (FBS) has released cement export data for the 12 months of July-June (2019-20). During this period, the quantity of cement exports increa...