Flying Cement appoints new director
Pakistan’s Flying Cement Co has announced the resignation of Waqar Zahid, a director of the company, effective from 10 September 2020. Following Mr Zahid’s departure, the compan...
Pakistan
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Mixed trends in export from Pakistan continued in 2MFY20
According to Pakistan's Federal Bureau of Statistics (FBS) cement export data for July-August 2020 (2MFY20-21) showed a mix of trends. Pakistan's cement industry earned US$44.51...
Fauji Cement sees 17% fall in net sales
Pakistan’s Fauji Cement has released its full annual report for the FY19-20 period, ending 30 June 2020, showing a 17.1 per cent YoY fall in net sales to PKR17.23bn (US$103.7m) ...
Bestway reports 31% drop in FY19-20 turnover
Pakistan-based Bestway Cement reported a gross turnover of PKR63.7bn (US$383.4m) in the financial year ended 30 June 2020, down 19 per cent YoY when compared with PKR79bn in FY1...
Maple Leaf Cement Factory Ltd posts PKR3.6m loss
Pakistan’s Maple Leaf Cement Factory Ltd (MLCF) has reported a loss of PRK3.559m (US$226.3m) for the year ended 30 June 2020. Brokerage Arif Habib Ltd in a report said, “Topline...
Cement stocks have outperformed in PSX lately
An analyst at Intermarket Securities Ltd has reported that cement stocks listed on the Pakistan Stock Exchange (PSX) have recently outperformed and the present bull-run in cemen...
Chief Minister urges quicker clearance of NOCs for Punjab cement factories
Chief Minister of Punjab, Sardar Usman Buzdar, chaired a meeting yesterday at the Punjab Assembly about easing the process of setting up new cement factories in the Pakistani pr...
Fauji Cement announces new director
Pakistan’s Fauji Cement Company Ltd has announced the appointment of Imran Moid as a director of the company, with effect from 7 September 2020. Mr Moid will take the place left...
Fauji Cement posts FY2020 loss of PKR59m
Fauji Cement Co Ltd declared a loss of PKR59m (US$0.355m) for the year ended 30 June 2020. The company earned PKR2.824bn in the year ended 30 June 2019. “FCCL’s topline witnesse...
Cement dispatches in Pakistan improve in August but fall MoM
Pakistan’s cement industry recorded a growth of five per cent YoY in total dispatches from 3.351Mt to 3.52Mt in August 2019. However, a reverse trend of 27.2 per cent was noted,...