Pakistan's cement industry’s mixed financial results await at PSX
Cement producers have started posting their financial results on the Pakistan Stock Exchange (PSX) for 4QFY22-23 and the full year of 2023. Mixed results are expected, yet Spect...
Indian Sub-Continent
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Bestway Cement sees 16% YoY decline in cement dispatches
Bestway Cement Ltd has reported a 16 per cent YoY decline in total cement disptaches in the fiscal year 2023 (ended 30 June 2023) due to reduced local and export sales volumes. ...
UltraTech Chairman sets new capacity goal at AGM
In FY22-23 UltraTech Cement recorded net revenues of US$7.9bn (INR632,400m) and an EBITDA of US$1.4bn (INR111,230m). FY22-23 marked significant milestones for UltraTech as the f...
Lucky Cement awarded 20th annual environment excellence award 2023
Lucky Cement Ltd received the environment excellence award at the 20th Annual Environment Excellence Awards 2023, organised by The National Forum of Environment and Health (NFEH...
Bestway Cement earns a rising profit of PKR11.89bn in FY22-23
Bestway Cement in Pakistan has earned a rising profit of PKR11.89bn (US$41.39m) for the FY22-23 (July 2022-June 2023) against a net profit of PRK10.23bn reported in the same fin...
Lucky Cement earned a net profit of PKR13.7bn in FY22-23
Lucky Cement earned an after-tax profit of PKR13.7bn (US$47,687m) in FY22-23 as compared to PKR15.3bn reported last year, mainly on account of higher tax charges because of the ...
Kohat Cement completes the buyback of 5m shares
Kohat Cement Co Ltd (KOHC) informed Pakistan Stock Exchange Ltd (PSX) on 3 August that in compliance with Regulation 10(g) of the listed companies (buy-back of shares) regulatio...
India Cements reports loss in June 2023 quarter
The India Cements Ltd has reported revenue from operations of INR13,930.4m (US$168.3m) in the quarter ended 30 June 2023, down from INR14,462.3m in the same quarter a year earli...
Pakistan started with a massive growth in cement dispatches in 1MFY23-24
Pakistan recorded a considerable growth of 57.4 per cent in cement dispatches in July 2023, when total cement dispatches totalled 3.21Mt against 2.04Mt dispatched in July 2022. ...
Bangladesh sets a target export revenue of US$15m in FY23-24
Bangladesh had set a higher target export revenue of US$15m against US$13.66m earned in the last fiscal year of FY22-23. The encouraging figure/trend of July 2023 would lead the...