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Pakistan cement prices unlikely to rise soon

17 November 2017, Published under Cement News

Pakistan cement producers are unlikely to increase their prices for the next three months to avoid investigation by the Competition Commission of Pakistan (CCP), reports Asianet Pakistan. The gross profit of the cement sector in Pakistan has fallen by 13 per cent YoY to PKR20.9bn (US$198m) in the first quarter of FY18. Profit after taxes decreased three per cent to PKR13.74bn from PKR14.11bn of the year-ago period. The net revenue of the industry increased 11 per cent on a yearly basis...