Pakistan's domestic dispatches grew by 7.9 per cent YoY in FY15 to 28.2Mt, while exports fell 11.6 per cent YoY to 7.2Mt. The drop in exports limited revenue growth in the Pakistan cement sector to 3.4 per cent YoY.
Overall profitability increased by 20 per cent YoY in the last fiscal to PKR35.6bn compared with PKR29.7bn in FY14.
The outlook on local dispatches remain strong due to the initiation of China–Pakistan Economic Corridor (CPEC) projects and the construction of major dams expected to begin from 2HCY16. The decline in exports is also expected to ease, according to local industry experts.
