Maple Leaf Cement wins corporate report award
Maple Leaf Cement (MCL) and its sister concern Kohinoor Textile Mills of Pakistan have won the 'Best Corporate Report Award' for the year 2018 in their respective sectors. The c...
Pakistan
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Pakistan's local dispatches hit by tax measures
Pakistan's cement industry is still facing number of challenges in terms of local dispatches and profitability due to stringent tax measures taken in the federal budget 2019-20 ...
Power Cement suspends its older production capacity
Power Cement Ltd of Pakistan has suspended a third of its cement output due to lack of demand and falling prices. Pakistan's second largest cement producer has close 3150tpd of ...
Cherat Cement’s profits shrink by 17% per cent
Cherat Cement Company Ltd (CCCL) has announced its financial results for the year ended 30 June 2019 by declaring of net profit of PKR1.76bn (US$10.98m), which fell by 17.4 per ...
Bestway Cement profit falls 23% in FY19
Bestway Cement Ltd (BCL) has announced its financial results for the year ended 30 June 2019 on 8 August by declaring of net profit of PKR10.09bn (US$63m), amounting to a fall o...
Sailing through high seas Premium
Pakistan’s cement producers are sailing through high tides as domestic demand succumbs to macroeconomic pressures, manufacturing costs rise and utilisation levels look set to we...
FY20 to remain challenging for cement sector in Pakistan
Pakistani cement companies are scheduled to announce their 4Q annual results ended 30 June 2019. Mixed financial results are expected, despite two companies (Lucky Cement and At...
Local cement dispatch faces barrier in Pakistan
Pakistan cement industry is still persisting with the dispatch issue in the local market. The All Pakistan Cement Dealers Association (APCDA) is reluctant to lift the cement car...
Lucky Cement profit squeezes in FY19
Lucky Cement Ltd informed the Pakistan Stock Exchange (PSX) on 29 July that its net profit after tax during FY19 stood at PKR10.5bn (US$65.16m), down 14 per cent YoY. The result...
Attock Cement profit falls in FY19
Attock Cement Pakistan Ltd (ACPL) has announced its FY19 results, reporting a net profit after tax fall to PKR2.073bn (US$12.86m) from PKR4.4bn in FY18, down 53 per cent on YoY....