Cement News tagged under: Kohat Cement
Kohat Cement has yet to start importing equipment for greenfield plant20 November 2024, Published under Cement NewsKohat Cement (KOHC) held its corporate briefing session last week to review its operational and financial performance in FY24. The company reported an earnings per share (EPS) of PKR45.41 (US$0.16) for the year, up 21 per cent YoY. This was driven by lower fuel costs, higher retention prices, and elevated interest rates, which resulted in healthy other income due to the firm’s healthy cash balance, as observed by IMS Research. Total dispatches were 2.6Mt, reflecting a 13.8 per cent decl... |
More cement firms on MSCI indexes08 November 2024, Published under Cement NewsAccording to Topline Pakistan Research, a few Pakistan stocks, including cement, will likely be added to the MSCI indexes. The analyst adds that MSCI is scheduled to announce its November 2024 Index review on 6 November 2024, effective 26 November 2024. Likely additions in November 2024 Review: In November 2024, it is expected that the likely addition of four stocks: Fauji Cement , Cherat Cement , Fauji Fertilizer Bin Qasim, and Kohat Cement . The free float market caps of these stoc... |
Kohat Cement Co reports strong profit for 1QFY24-2504 November 2024, Published under Cement NewsThe directors of Kohat Cement Co have issued the unaudited condensed interim financial statements for the first quarter ended 30 September 2024. The report reveals that during this period, the company experienced a 22.3 per cent decline in sales volume, totalling 591,620t. However, net profit surged to PKR3.439bn (US$12.39m) after tax, marking a remarkable increase of 54.28 per cent YoY. The company attributes this strong profit to improved sales prices and effective cost management, enhan... |
Pakistan producers expect mixed results in 1QFY24-2517 October 2024, Published under Cement NewsPakistan Stock Exchange (PSX) listed cement firms have yet to start posting their financial results for 1QFY24-25. However, Topline Pakistan Research believes that its Cement Universe (comprising Lucky Cement, Kohat Cement, DG Khan Cement , Maple Leaf Cement and Fauji Cement Co Ltd – the country's top five cement producers) is expected to post profitability of PKR13.3bn in the first quarter of FY24-25 against a profit of PKRs12.9bn in the 4QFY23-24, up by three per cent QoQ, mainly ... |
Pakistan companies start posting financial results on PSX12 August 2024, Published under Cement NewsTop cement companies in Pakistan will begin releasing their financial results for the last quarter (April-June 2024) on the Pakistan Stock Exchange (PSX) website. The Topline Cement Universe, which includes Lucky Cement , Kohat Cement , Fauji Cement , DG Khan , and Maple Leaf Cement, is expected to post profitability of PKR12.5bn (US$44.9m) in the 4QFY23-24 against a profit of PKR11.1bn in the 3QFY23-24, up by 13 per cent QoQ due to higher average retention prices. This will take FY23-... |
Kohat Cement Co posted a profit of PKR6.512bn in 9MFY23-2429 April 2024, Published under Cement NewsKohat Cement Co Ltd (KOHC) announced its financial results for the 9MFY23-24 on 25 April. It posted a profit after tax (PAT) of PKR6.512bn (US$23.3m) compared to PKR5.363bn in the same period in the previous year, up by 21 per cent YoY. Result highlights from AHL Research report that the topline in the 9MFY23-24 remained stable at PKR29.972bn. Earnings per share (EPS) increased to PKR33.25 in the 9MFY23-24 from PKR26.91 in the 9MFY22-23. Selling and distribution expenses in 9MFY23... |
Kohat Cement Factory expands capacity and progresses Punjab plant04 March 2024, Published under Cement NewsKohat Cement Factory has updated the Pakistan Stock Exchange Ltd (PSX) about an increase in cement production capacity at Kohat in Khyber Pakhtunkhwa. After the optimisation of the pyroprocessing section of the existing 6700tpd grey cement production line, the clinker production capacity of the company increased from 6700tpd to 7064tpd. Moreover, the company’s net profit after tax jumped by 19 per cent to PKR4.45bn (US$15.93m) in the 1HFY23-24. However, local dispatches fell by 8.1 per ... |
Kohat Cement Co profits grow by 24% in 1HFY23-2415 February 2024, Published under Cement NewsKohat Cement Co Ltd announced its financial result for 1HFY23-24 on the Pakistan Stock Exchange website on 14 February, posting a profit after tax (PAT) of PKR4.453bn (US$15.9m) compared to a PAT of PKR3.578bn in the same period last year (SPLY). This translates into a growth of 24 per cent YoY. On the other hand, the profitability in 2QFY23-24 advanced by 14 per cent YoY to PKR2.224bn compared to SPLY. According to AHL Research, the topline during 1HFY23-24 clocked in at PKR21.462bn, s... |
Kohat Cement Co to post strong results12 February 2024, Published under Cement NewsKohat Cement Co Ltd is scheduled to announce its financial result for 1HFY23-24 (July-December 2023) on 14 February whereby AHL Research anticipate the company will post a profit after tax of PKR4.313bn (US$15.57m) as compared PKR3.578bn, up by 21 per cent YoY. Likewise, in 2QFY23-24 (October-December 2023) earnings are expected to climb by seven per cent YoY, arriving at PKR2.084bn. The top line in 2QFY23-24 is expected to decline by nine per cent YoY to settle at PKR10.017bn... |
Kohat Cement welcomes new company secretary29 January 2024, Published under Cement NewsNadeem Atta Sheikh, chief executive at Kohat Cement , informed the Pakistan Stock Exchange Ltd (PSX) on the 26 January that Muhammad Ahsan Yousaf has ceased to be the company secretary of Kohat Cement with immediate effect. Ms Iqra Khalid has been appointed the new company secretary. |