Cement News tagged under: Pakistan
Pakistan: Kohat Cement Co sees 5% profit rise in 1QFY1724 November 2016, Published under Cement NewsKohat Cement Company Ltd (KOHC) has recently announced its 1QFY17 financial result. It declared a profit after tax (PAT) of PKR991.8m during 1QFY17 against a PAT of PKR945.7m during 1QFY16, up five per cent YoY. As against trends, KOHC declared dividend per share (DPS) of PKR4/‐ during 1QFY17. During the first quarter of FY17, KOHC reported a one per cent YoY drop in sales as revenues slipped from INR3.242bn in 1QFY15-16 to INR3.193.9bn in 1QFY16-17. The company's exports were down 31 per... |
Pakistan: increased coal prices concern APCMA21 November 2016, Published under Cement NewsThe All Pakistan Cement Manufacturers Association (APCMA) has voiced its concern regarding steep increases in coal prices, which in turn is impacting the cost of cement production. Coal prices have increased from US$54/t in May 2016 to US$105/t. With coal constituting more than 30 per cent of total production cost, cement manufacturers’ have witnessed a significant decline in profits. The price of coal has gradually increased since May 2016 when China imposed supplyside measures to limit ... |
Pakistan: DG Khan and Maple Leaf projects on target21 November 2016, Published under Cement NewsWork on DG Khan Cement Co's US$300m Hub cement plant in Balochistan, Pakistan, is progressing well. The 9000tpd works is expected to receive major shipment between October 2016 and April 2017. Commissioning is scheduled for FY2018. Meanwhile, Maple Leaf Cement Factory's 7000tpd grey clinker plant has received approval from its Board. The PKR20bn facility is due to start commercial operations by December 2018. In addition, Maple Leaf has also established Maple Leaf Power Ltd, a wholly-... |
Pakistan: domestic cement sales accelerate in October08 November 2016, Published under Cement NewsPakistan cement industry showed mixed result of performance in October 2016. Sales of cement in the domestic market accelerated to 15.88 per cent in October 2016, but exports declined by 1.96 per cent compared. According to data released by All Pakistan Cement Manufacturers Association (APCMA), domestic dispatches in October 2016 were 3.008Mt, registering a growth of 15.88 per cent, while the exports amounted to 0.518Mt reflecting negative growth of 1.96 per cent, compared to October 201... |
Pakistan: Dewan Cement profits up 61%01 November 2016, Published under Cement NewsDewan Cement Ltd (DCL) posted a net profit of PKR268m (US$2.55m) for the quarter ended 30 September, a 61.4 per cent increase YoY from the PKR166m registered last year. Company revenue increased 14 per cent YoY (-18 per cent QoQ) to PKR2.94bn, mainly as a result of increasing dispatches and rising prices following a higher federal excise duty on cement manufacturers. Gross margins remained unchanged from the previous year’s figure of 19 per cent. The company report added that “subpar gros... |
Pakistan: start-up of second Cherat production line01 November 2016, Published under Cement NewsCherat Cement Factory's Line 2 with a cement capacity of 4500tpd formally started production on 31 October 2016. The construction of the second line began in 2014 and has been completed within two years, said a senior manager at the factory. Cherat Cement is a a Ghulam Faruque Group (GFG) company and its existing 3200tpd line has been operational since 1985. The plant is located at Lakrai village, district Nowshera, Khyber Pakhtunkhwa province. Due to plant’s geographical position in t... |
Pakistan: Lucky Cement 1QFY2017 profits up 16%28 October 2016, Published under Cement NewsIn its financial statement for the first quarter of the financial year starting in July, Lucky Cement has declared profits of PKR4.04bn (US$38.6m), the Express Tribune reports. This represents an increase of 16 per cent compared to the same period last year. Revenues were five per cent higher at PKR19.8bn, but much of the gain was driven by non-cement subsidiaries. Considering the cement business in isolation, Lucky’s revenues were PKR10.6bn, up two per cent, on sales of 1.7Mt. Domesti... |
Pakistan: export revenues fall in 1QFY16-1726 October 2016, Published under Cement NewsDespite growth in export to neighbouring countries, the export revenue of Pakistan's cement industry did not increase, due to overall weak demand from overseas markets. Pakistan cement manufacturers earned export revenues of US$24.52m on the export of 476,170t of cement during the month of September 2016 compared to US$30.04m on 573,395t in previous month. This translates to exports falling by 18.35 per cent and 16.96 per cent in terms of quantity and value in dollar, respectively on M... |
Pakistan: Maple Leaf and Thatta Cement 1QFY16/1726 October 2016, Published under Cement NewsPakistan's Maple Leaf Cement Factory earned profit after tax of PKR1.185bn (US$11.3m) in July- September 2016 compared to PKR846.72m in the corresponding period last year, representing a 40 per cent rise. The company's net sales increased to PKR5.52bn from PKR4.96bn in 1QFY15/16. It incurred higher distribution cost of PKR373m and administrative expenses of PKR124m from PKR303m and PKR112m during this comparative period. In addition, its financing cost fell to PKR52m from PKR185.9m of sam... |
Pakistan: Maple Leaf and Lucky Cement plan power plants24 October 2016, Published under Cement NewsPakistan's two leading cement manufacturers, Maple Leaf Cement Factory (MLCF) and Lucky Cement, have approached the National Electric Power Regulatory Authority (NEPRA) to obtain a formal generation licence for setting up power plants in the country. Maple Leaf Cement has earlier announced that its wholly-owned subsidiary company, Maple Leaf Power Ltd, had signed an agreement with plant supplier Sinoma Energy Conservation Ltd, China, to build a 40MW imported coal-fired power plant at Isk... |