Cement News tagged under: Pakistan
Cherat Cement exhibits mixed financial results in 3QFY23-24 and in 9MFY2409 May 2024, Published under Cement NewsCherat Cement (CHCC) reported net profit after tax (NPAT) of PKR1.2bn (US$4.32m) in 3QFY23-24, down 33 per cent QoQ and flat sequentially. This brings the 9MFY23-24 NPAT to PKR4.6bn, up 12 per cent YoY. Earnings per share reached PKR6.40 in the 3QFY23-24 and PKR23.90 in hte 9MFY23-24. In quantitative terms, the company's total sales volume dropped by 11 per cent (1.974Mt), with domestic sales declining by 14 per cent and exports rising by 18 per cent from last year. Operating pe... |
Fauji Cement strives to improve fundamentals and strengthen its investment case08 May 2024, Published under Cement NewsBMA Capital Management Ltd believes Fauji Cement Co Ltd (FCCL) will reap the benefits of an uptick in local cement demand by FY25, as well as strengthening market share and efficiency gains through new lines and the incorporation of green technology. In addition the company could benefit from an efficient fuel and power mix to enhance margins, strong pricing power to support profitability in a low-demand environment, and an anticipated reduction in interest rates to reduce debt servicing... |
Pakistan cement exports continue to excel in April 202407 May 2024, Published under Cement NewsPakistan’s cement industry’s total cement dispatches during April 2024 were 2.94Mt, compared to 2.95Mt in April 2023. This comprises local cement at 2.33Mt against 2.53Mt in April 2023, showing a decline of 7.99 per cent. Export dispatches rose by 45.96 per cent as the volumes increased from 420,857t in April 2023 to 614,264t in April 2024. Usama Rauf, investment analyst at AKD Securities, said the monthly decline in domestic dispatches is primarily attributed to the inclusion of Eid holi... |
Power Cement to acquire solar power plant at Sindh06 May 2024, Published under Cement NewsPower Cement Ltd (PCL) has signed a term sheet with Burj Solar (Pat) Ltd for the development and financing of a 9.6MW wind power project at Deh KaloKohar, Nooriabad Industrial Estate, District Dadu (Sindh), Pakistan. The project aims to reduce approximately 15,000t of carbon emissions annually while generating around 30GWh of clean energy annually. "This project aims to reduce our reliance on fossil fuels and promote sustainable development," said Salman Gogan, Power Cement's company secr... |
Pakistan cement association voices concerns over law and order03 May 2024, Published under Cement NewsThe All Pakistan Cement Manufacturers Association (APCMA) has expressed its concerns over the deteriorating law and order situation in Pakistan. “The law and order situation in Dera Ismail Khan, Dera Ghazi Khan, Kohat, Mianwali and adjacent areas has seriously jeopardised the day-to-day operations of the areas’ cement units,” said the spokesman of APCMA. Recently some workers of a cement unit in one of the above-mentioned areas were kidnapped by terrorists and they killed one of them, he a... |
Lucky Cement profit jumps 67% in 9MFY23-2430 April 2024, Published under Cement NewsLucky Cement Ltd announced its financial results for the 9MFY23-24 on the Pakistan Stock Exchange website on 29 April. It posted unconsolidated earnings of PKR18.649bn (US$67m), a significant advance of 67 per cent YoY. Earnings per share (EPS) stood at PKR63.65. According to results from AHL Research, the top line in the 9MFY23-24 was PKR87.404bn, in contrast to PKR70.348bn in the equivalent period of the previous year, up 24 per cent YoY. The revenue growth comes from high... |
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... |
Maple Leaf Cement Factory's profit falls 13% in 9MFY23-2429 April 2024, Published under Cement NewsMaple Leaf Cement Factory Ltd (MLCF) announced its financial result for the 9MFY23-24 on the Pakistan Stock Exchange website on 25 April, posting a profit after tax (PAT) of PKR5.374bn (US$19.26m) compared to a PAT of PKR6.185bn in the same period of the previous year, down by 13 per cent YoY. Earnings per share (EPS) declined to PKR5.01 in the 9MFY23-24 from PKR5.76 in the year-ago period. The result highlights from AHL Research said that the topline in the 9MFY23-24 arrived at PKR50.... |
Fauji Cement posts a profit of PKR7.043bn in 9MFY23-2426 April 2024, Published under Cement NewsFauji Cement Co Ltd (FCCL) announced its financial results for 9MFY23-24 on the Pakistan Stock Exchange website. The company posted a profit after tax (PAT) of PKR7.043bn compared to PKR6.968bn in the previous period, up by a meagre one per cent YoY. During the 3QFY23-24, earnings arrived at PKR1.769bn compared to PKR1.888bn, a fall of six per cent YoY, as reported in the initial financial coverage report from AHL Research. The topline during 9MFY23-24 reached PKR59.4bn, an uptick of 14 p... |
DG Khan Cement posts 6% YoY profit growth in 9MFY2423 April 2024, Published under Cement NewsDG Khan Cement Co Ltd (DGKC) announced its financial results for the 9MFY24 and 3QFY24 on the Pakistan Stock Exchange (PSX) website on 19 April. It posted a profit after tax (PAT) of PKR2.23bn (US$8.25m) compared to PKR2.11bn in the same period last year, up by six per cent YoY. However, during the 3QFY24 (January-March 2024), earnings remained consistent at PKR1.18bn. A cursory review of results from AHL Research depicts that the topline in the 9MFY24 arrived at PKR49.05bn, showing an... |