Heidelberg Materials Bangladesh reports loss in 3Q24
Heidelberg Materials Bangladesh posted sales of BDT2934.9m (US$24.5m) in the July-September 2024 quarter, down 19.6 per cent YoY from BDT3651.3m in the 3Q23. Operating profit fe...
Indian Subcontinent
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State Bank of Pakistan reveals a rise in cement exports in FY23-24
State Bank of Pakistan, the country’s central bank, released its state of economy 2023-24 on 17 October 2024. The annual report included the cement industry in Pakistan. It stat...
Attock Cement Pakistan sees 96% 1Q post-tax profit drop
As announced on 18 October, Attock Cement Pakistan Ltd (ACPL) reported a significant decline in profit for the 1QFY24-25. The company revealed a profit after tax of PKR62m (US$2...
Cherat Cement Co appoints Azam Faruque as CEO
Cherat Cement Co Ltd has announced key executive appointments following its recent board elections. According to information from the Pakistan Stock Exchange (PSX), Omar Faruque...
Gharibwal Cement posts 15% increase in FY net profit
Gharibwal Cement Ltd reported a net sales revenue of PKR18.165bn (US$65.5m) in the financial year ended 30 June 2024 (FY23-24), down 0.8 per cent from PKR18.316bn in the FY22-23...
Ramco Cements invests US$7m in 1Mta capacity upgrade
The Ramco Cements Ltd announced it has increased its cement capacity by nearly 1Mta following the debottlenecking of cement capacity at its Kalavatala plant in Andhra Pradesh, I...
Pioneer Cement reports 98% surge in full-year net profit
Pakistan-based Pioneer Cement Ltd , reported revenue of PKR35.52bn (US$127.7m) in the FY23-24 ended 30 June 2024. This represents a drop of 1.8 per cent when compared with PKR36...
Calderys invests in a single-site greenfield plant in India
Calderys is building a new refractory plant in Bhuinpur, Khordha district, Odisha, India. Known as ‘Capes’ (Calderys Plant in East and South India), the project is a strategic i...
Maple Leaf Cement Factory's profit grows by 19% in FY23-24
Maple Leaf Cement Factory Ltd (MLCF) uploaded its financial results for FY23-24 to the Pakistan Stock Exchange (PSX) on 11 September 2024. The company posted a profit after tax ...
Attock Cement Pakistan sees 135% PAT surge in FY23-24
Attock Cement Pakistan Ltd (ACPL) earned a profit after tax (PAT) of PKR3.56bn (US$12.8m) in FY23-24 compared to PAT of PKR1.51bn in the same period last year, according to the ...