Pioneer Cement reports earnings of PKR1119m for 4QFY24-25
Pakistan-based Pioneer Cement Ltd reported earnings of PKR1119m (US$3.94m) for the fourth quarter of FY24-25. This represents a decrease compared to a profit of PKR1396m in the ...
Pioneer Cement
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Pakistan’s leading cement producers to post mixed financial results 4QFY24-25
Pakistan’s leading cement producers are projected to report significant profits for the last quarter (April-June) of FY25, with AKD Research estimating a 42 per cent YoY growth ...
Ethiopian president says new cement plants create construction opportunities
The commissioning of new cement plants in Ethiopia is creating a favourable opportunity for developers engaged in the construction sector, according to the country’s president, ...
Pakistan's government announces electricity rate reductions for the cement industry
The Pakistan cement industry has had a mixed impact due to the government's announcement of reduced electricity rates. To relieve domestic residential and industrial consumers, ...
Pioneer Cement Ltd reveals strong results in 2QFY24-25
Pioneer Cement Ltd posted a profit after tax (PAT) of PKR1.75bn (US$6.26m) in the 2QY24-25, which represents a 71 per cent increase compared to the previous quarter, although it...
Three Pakistan cement firms likely to be added to the MSCI Index
According to a research report by AHL Research, three additional cement companies in Pakistan are expected to be included in the MSCI Frontier Markets (FM) Index. This addition ...
More cement firms on MSCI indexes
According to Topline Pakistan Research, a few Pakistan stocks, including cement, will likely be added to the MSCI indexes. The analyst adds that MSCI is scheduled to announce it...
Pioneer Cement Ltd sees double-digit profit growth in 1QFY24-25
Pioneer Cement Ltd announced its 1QFY24-25 financial result on the Pakistan Stock Exchange’s website on 29 October. It reported earnings of PKR1bn (US$3.5m), up 10 per cent from...
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...
Royalty issue on cement raw materials in Punjab landed in court
According to Topline Research, Punjab-based cement manufacturers have obtained a stay order from the court against the imposition of six per cent of ex-factory cement/clinker pr...