Cement News tagged under: Cherat Cement
Cherat Cement six-month profit rises 17% YoY, Pakistan10 February 2014, Published under Cement NewsPakistan-based producer Cherat Cement posted a profit after tax of PKR710m (US$6.74m) in the six months to the end of December 2013. This translates into a rise of 17 per cent YoY despite a drop in exports. On a quarterly basis, the company recorded a profit of PKR437m compared to PKR339m in the corresponding period of last year. In FY12-13, Cherat posted a record profit of PKR1.22bn, up 181 per cent from PKR435m in the previous fiscal. Cherat Cement operates 1.1Mta of cement capaci... |
Pakistan to report fall in dispatches in 1M1403 February 2014, Published under Cement NewsThe Pakistan cement industry is likely to post a MoM drop of 13 per cent of total dispatches in January 2014 as winter affected both domestic and export shipments, which were down by 13 per cent and 12 per cent, respectively. But 7MFY14 (Jul-Jan) total dispatches minutely improved by 0.4 per cent to 18.68Mt. According to estimates of leading brokerage houses, cement units located in the north dispatched 1.95Mt and 611,000t in the south during January 2014 (total 2.56Mt) compared to 2.37M... |
Cherat Cement full-year net profit jumps, Pakistan28 August 2012, Published under Cement NewsPakistan-based producer Cherat Cement posted a rise in net profit to PKR436.8m for the fiscal year ended 30 June 2012 (FY12) from PKR68.851m, according to reports in the Pakistan Observer. Earnings per share rose to PKR4.57 in the period compared to PKR0.72. Turnover rose to PKR5.45bn in FY12 compared to PKR4.24bn in FY11 while the cost of sales increased to PKR4.30bn against PKR3.68bn. Pre-tax profit rose to PKR571.62m compared to PKR55.2m a year earlier. Cherat Cement supplies the North ... |