Cement News tagged under: Attock Cement Pakistan
Attock Cement Pakistan sees 96% 1Q post-tax profit drop21 October 2024, Published under Cement NewsAs announced on 18 October, Attock Cement Pakistan Ltd (ACPL) reported a significant decline in profit for the 1QFY24-25. The company revealed a profit after tax of PKR62m (US$223,674), a dramatic drop from PKR1.544bn in the same period last year, marking a 96 per cent YoY decrease. This decline is attributed partly to the gain from selling its subsidiary, Saqr Al Keetan, in the 1QFY23-24. However, a closer examination of the results indicates that increased distribution and financial cost... |
Attock Cement Pakistan receives sales proceeds from the Iraqi plant11 September 2024, Published under Cement NewsAttock Cement Pakistan Ltd informed the Pakistan Stock Exchange (PSX) on 9 September that it had received the sales proceeds of its stake in a cement facility in Iraq. Attock Cement has completed the sale of its shareholding in its subsidiary, Saqr Al Keetan for Cement Production Co Ltd (SAKCPCL), receiving the third tranche of payment amounting to US$5.850m. This marks the final consideration against the sale of the remaining 4.5m shares held in SAKCPCL. The company is now initiati... |
Attock Cement Pakistan sees 135% PAT surge in FY23-2409 September 2024, Published under Cement NewsAttock Cement Pakistan Ltd (ACPL) earned a profit after tax (PAT) of PKR3.56bn (US$12.8m) in FY23-24 compared to PAT of PKR1.51bn in the same period last year, according to the company's filing to the Pakistan Stock Exchange (PSX). The profit expanded by 135 per cent during this period due to higher sales and was mainly due to the gain in sales of the subsidiary ‘Saqr Al Keetan for Cement Production Co Ltd’ compared to the previous year. Net revenue jumped to PKR28.53bn from PKR25.47bn du... |
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