Cement News tagged under: indian sub-continent
DG Khan Cement's profit increased by 13% in 1HFY23-2401 March 2024, Published under Cement NewsDG Khan Cement Co Ltd (DGKC) announced its financial results for the half year ended 2023-24 on 26 February 2024. Its net profit after taxation increased by 13.2 per cent YoY to PKR1.05bn (US$379.2m). The rise in profit can be attributed to higher sales or 17 per cent during these six months ending on 31 December 2023. Its net sales increased to PKR34.78bn from PKR29.76bn during this period. It incurred a distribution cost of PKR1.20bn (a 136 per cent rise) against PKR508m and administ... |
Thatta Cement reports profit in 1HFY23-2427 February 2024, Published under Cement NewsPakistan cement producer Thatta Cement Co Ltd (THCCL) has announced its financial results for the half year ended 31 December 2023 (July-December 2023) on the website of the Pakistan Stock Exchange (PSX). Its reported profit after tax was PKR358m (US1.28m) against a loss of PKR6.2m in the corresponding period last year. The recovery from losses can be attributed to higher sales and significant improvement in gross profit during this period. THCCL's net sales increased to PKR3.12bn from PK... |
Dalmia Cement goes from 'Future today' to RCF expert26 February 2024, Published under Cement NewsDalmia Cement (Bharat Ltd) is rebranding from its current 'Future Today' slogan to roof column foundation (RCF) expert. The aim is to grow Dalmia Cement's brand faster than the Indian cement sector's forecast growth. Dalmia Cement's COO, Sameer Nagpal, says the target is to reach 14-15 per cent growth at Dalmia Cement against an industry average expansion of 10 per cent. RCF will tie Dalmia Cement closer to retail customers as it targets increasing its business-to-consumer (B2C) share fro... |
Bestway Cement Factory reports 1HFY23-24 fall in profit26 February 2024, Published under Cement NewsBestway Cement Ltd (BWCL) announced its 2QFY23-24 (October-December) and 1HY23-24 (July-December 2023) results on the website of the Pakistan Stock Exchange (PSX) on 21 February 2024. The company's net earnings at PKR6.78bn (US$24.25m) in 1HFY23-24 were down 15.9 per cent YoY. The high cost of finance, sales tax, excise duty and expensive cost of sales can be attributed to lesser profit during this period. Its gross sales increased by 31.9 per cent to PKR76.81bn from PKR58.24bn during thi... |
Maple Leaf Cement Factory saw a fall in profit in 1HFY23-2423 February 2024, Published under Cement NewsMaple Leaf Cement Factory Ltd (MLCF) reported its 2QFY23-24 (October-December 2023) and 1HFY2023-24 results to the Pakistan Stock Exchange (PSX), posting net earnings of PKR2.24bn (US$) in 2QFY23-24, down 23 per cent YoY and up 38 per cent QoQ. This takes 1HFY23-24 (July-December 2023) earnings to PKR3.86bn compared to PKR4.30bn, down 10 per cent YoY due to a decline in sales volumes. According to Topline Pakistan Research, the 2QFY23-24 result exceeded industry expectations due to high... |
Fauji Cement is equipped with new pulveriser and pellet press22 February 2024, Published under Cement NewsPakistan-based Fauji Cement has invested in its laboratory control equipment. Rajpoot Links Pet Ltd has commissioned the new generation of Herzog HSM100 Pulverizer and HTP40 pellet press at Fauji Cement Co Ltd at the Dera Ghazi Khan cement plant. |
Pakistan’s cement industry exports exhibit mixed trends21 February 2024, Published under Cement NewsPakistan’s cement industry has registered significant growth in the first seven months of FY23-24 (July 2023-January 2024) due to the continued good exchange rate of the Pakistani rupee against foreign currency and other factors. AKD Research believes that the recent decline in international coal prices, dropping to US$92/t following reduced winter demand from Europe, presents a favourable development for the cement industry for local and exports. Pakistan’s cement and clinker exports inc... |
LafargeHolcim Bangladesh initiates plastic waste facility20 February 2024, Published under Cement NewsLafargeHolcim Bangladesh ( Holcim group ) and Sylhet City Corp (SCC) launched a joint initiative to install a material recovery facility at BDT153m (US$1.39m) to sustain plastic waste in Sylhet, eastern Bangladesh. This is the country’s first municipal solid waste and plastic waste segregation plant, enabling the automatic segregation of non-biodegradable plastic products. MD Tajul Islam, minister for local government, rural development and cooperatives (LGRD), recently inaugurated the fa... |
Cherat Cement saw 12 per cent profit growth in 1HFY23-2420 February 2024, Published under Cement NewsCherat Cement (CHCC) has recently uploaded its financial results to the Pakistan Stock Exchange (PSX) website. The company reported a 2QFY23-24 net profit after tax (NPAT) of PKR1.9bn (US$m12.2m), up 20 per cent YoY and 22 per cent QoQ. This result takes 1HFY23-24 NPAT to PKR3.4bn, up 12 per cent YoY. The positive result was possible due to increased gross margin and other income as well as a cut in financial costs during the three and six months. The company posted net sales of PKR20.... |
Crown Cement's net profits rise 649% in 1HFY23-2416 February 2024, Published under Cement NewsCrown Cement PLC , one of Bangladesh’s leading cement manufacturers, recently uploaded its financial results on the Dhaka Stock Exchange (DSX). The company witnessed a hefty surge in profit between July and December 2023 due to higher sales and other income from the shipping business. It earned a profit of BDT706.18m (US$6.436m) compared to BDT94.28m in July-December 2022, a YoY increase of 649 per cent. The company also attributed the expansion in profit to the rise in prices of cement bag... |