Cherat Cement Co Ltd reported a profit after tax of PKR1.288bn (US$12.6m) during FY14-15, down two per cent from a year earlier, the company said in a notice to the Karachi Stock Exchange.
According to a report by Al Habib Capital Markets, during the year the privately-owned cement producer reported a modest two per cent YoY rise in its top line. A decline in dispatches (particularly export sales) was partially mitigated by a rise in net retention price.
Gross profit margins remained relatively muted during FY15 due to an increase in electricity tariffs and a rise in royalties limestone which was partially mitigate by international lower coal and oil prices.
Cherat Cement’s 1.1Mta cement plant is located just over 50km from Peshawar, North-West Frontier Province.
Uzbekistan’s cement market surges 58% in 2024
Uzbekistan’s cement market saw a 58 per cent YoY expansion in 2024, with sales on the Uzbekistan...