Cement News tagged under: DG Khan Cement
DG Khan Cement's net profit falls by 47%25 April 2019, Published under Cement NewsDG Khan Cement (DGKC) has announced its unconsolidated financial results for 9MFY19. It reported net profit after tax of PKR2.62bn (US$18.5m), down 47 per cent YoY. The company's net sales surged by 30 per cent YoY to PKR 30.37bn from PKR 23.37bn during this period on the back of increases in cement prices and volumes (mainly exports), a research house remarked. Other highlights include a 46 per cent YoY increase in distribution expenses to PKR1bn, reportedly on account of a rise in exp... |
Pioneer Cement and DG Khan Cement report profit falls in 1HFY1927 February 2019, Published under Cement NewsTwo more leading cement companies of Pakistan announced their financial results for 1HFY19 (July-December 2018) to the Pakistan Stock Exchange (PSX). DG Khan Cement Co Ltd (DGKC) and Pioneer Cement Ltd (PCL) reported falls in profit despite increased cement sales due to the negative impact of the devaluation of the Pakistani rupee, amid higher coal prices and other factors during this period. DG Khan Cement While announcing its financial results for the half-year ended 31 December 201... |
Cement continues to shine Pakistan's Stock Exchange15 February 2019, Published under Cement NewsCement stock performance on the Pakistan Stock Exchange (PSX) continues unabated. According to a research house report, Pakistan equities closed marginally negative with benchmark KSE100 Index settling at 40,544 levels today. The market kicked off positive and traded in green for most part of the day but succumbed to losses in the end due to institutional selling. Cement remained in the limelight owing to receding coal prices. As such, Fauji Cement Co Ltd shares were up 1.66 per cent, M... |
DG Khan Cement of Pakistan plans WHR plants in Punjab28 November 2018, Published under Cement NewsA new waste heat recovery (WHR) plant is being planned by DG Khan Cement to reduce water consumption at its 2.11Mta Chakwal plant in Punjab, according to a report of Intermarket Securities Ltd. T he new plant would include improved technology that requires only marginal water consumption. This would avoid the technical and financial challenges of sourcing water, said the company's management. The step follows a PKR100m (US$0.74m) fine imposed by the Supreme Court of Pakistan on ... |
Four months export revenue growth23 November 2018, Published under Cement NewsPakistan's cement industry earned foreign exchange revenue of US$26.74m by exporting 616,648t of cement during October 2018, compared to US$29.05m on 671,913t of cement in previous month. This represents a fall of 7.9 per cent and 8.23 per cent in value and quantity, respectively on MoM, according to the Federal Bureau of Statistics. If compared to October 2017, earnings of US$23.3m on 472,216t of cement, translates to a growth of 14.8 per cent in earning of foreign currency and 30.5 per... |
Mixed court orders for Pakistan's cement industry20 November 2018, Published under Cement NewsThe cement industry has received mixed court orders from Supreme Court of Pakistan and Peshawar High Court on environmental/water scarcity and the gas tariff issue, respectively last week. Lucky Cement Ltd has received a stay order from the Peshawar High Court bench, which has temporarily directed the gas utility company Sui Northern Gas Pipelines Ltd (SNGPL) not to collect a higher tariff from the cement company. The court also sought written response from the petroleum secretary, Oil an... |
DG Khan Cement 1QFY19 earnings fall by 85%26 October 2018, Published under Cement NewsDG Khan Cement Company Ltd (DGKC) of Pakistan announced its financial results for 1QFY19 with unconsolidated earnings falling at PKR418m (US$3.1m), down by a substantial 85 per cent YoY, as compared to PKR2.84bn reported in the same period last year, says a filling of company to Pakistan Stock Exchange on 25 October. Company net sales increased by nine per cent to PKR8.18bn YoY, likely due to incremental sales from its south plant, which are still below expected levels from managements p... |
DG Khan Cement well-positioned25 May 2018, Published under Cement NewsThis week, Pakistani cement producer DG Khan Cement launched the largest cement plant in the country as it commissioned its greenfield project at Hub , in Balochistan province, southern Pakistan. The project represents an investment of PKR40bn (US$345.3m). The project's main EPC supplier was FLSmidth, who started work on the project in 2015 through a US$62m equipment supply contract. FLSmidth provided three crushers for raw material handling, which included two TST jaw crushers (TST 1900) ... |
Capacity in Pakistan inches ahead24 May 2018, Published under Cement NewsThe capacities of Pakistan's cement industry in the north and south of the country are regularly being expanded. As a result, total cement capacity in Pakistan is on track to increase from 47Mta in FY17 to 56.6Mta by the end of FY19. Bestway Cement (BWCL) has reportedly started trial production at its 1.8Mta brownfield cement plant in the north. According to market sources, the commercial operations are expected to begin by 15 June 2018, contrary to earlier expectation of commencem... |
DG Khan Cement completes new 9000tpd Hub line23 May 2018, Published under Cement NewsDG Khan Cement Co Ltd (DGKC), informed the Pakistan Stock Exchange that it has completed the installation of country's largest cement plant of 9000tpd at Hub, Baluchistan province, near Karachi. DGKC's Company Secretary, Khalid Mahmood Chohan told Cemnet that this greenfield project was set up at a cost of over PKR40bn (US$345.3m) and has installed the latest European technology. A notification of the company says, "The largest vertical cement grinding mill with Cope drive has started ... |