Cement News tagged under: Pakistan
Pakistan prices sees further increases24 February 2014, Published under Cement NewsCement producers in Pakistan have increased prices by PKR15/bag in anticipation of improved construction activity before the monsoon season begins. Cement dealers said that the new retail price of Falcon Cement’s brand hovers between PKR530-535 while that of Lucky Cement is PKR520/50kg after the new hike. |
Pakistan: Fauji Cement boosts 1HFY14 earnings20 February 2014, Published under Cement NewsPakistan-based producer Fauji Cement Co posted earnings of PKR1.25bn (US$11.92m) in the first half of FY14, up 36 per cent YoY compared to the PKR922m in the comparative period of the previous fiscal. The improved earnings came on the back of better gross profit and reduced finance cots. Revenues rose nine per cent to PKR8.23bn despite a seven per cent decline in volumes to 1.16Mt. Margins improved by 1.5 percentage points to 34 per cent largely as a result of higher cement prices. ... |
Pakistan association calls for intervention on BIS renewals17 February 2014, Published under Cement NewsThe All Pakistan Cement Manufacturers Association (APCMA) chairman Mohammad Ali Tabba has urged the Indian high commissioner to intervene regarding the renewal of Bureau of Indian Standards (BIS) licences which he claims is impeding cement exports from Pakistan to India. In a letter to the high commissioner, Mr Tabba said APCMA members have been experiencing delays in the renewal /certification process for more than two years now due to security concerns by the BIS. BIS certification, ... |
Pakistan: DG Khan second-quarter profit rises14 February 2014, Published under Cement NewsDG Khan, one of Pakistan's leading cement producers, posted a 14 per cent YoY rise in profit during 2QFY14 to PKR1.61bn but higher power costs affect gross margins. Earnings per share rose to PKR3.68 against PKR3.22 a year earlier. Revenues increased by 10 per cent YoY to PKR6.54bn while gross margins declined to 34 per cent from 40 per cent in the comparative period of FY13 due to higher power costs. Earnings were down 5.6 per cent YoY to PKR2.66 compared to PKR2.82bn in 2QFY13.... |
Pakistan: cement exports drop05 February 2014, Published under Cement NewsPakistani cement exports to Afghanistan dropped to 202,000t in January 2014, the lowest monthly level since July 2013 when they reached 441,412t. Previous data by the All Pakistan Cement Manufacturers' Association (APCMA) shows that in September 2013, exports rose to 426,804t before falling to 287,598t in November and then increasing again in December to 314,329t The decline in exports to Afghanistan, traditionally Pakistan's main export market, has been attributed to looming uncertai... |
Lafarge Pakistan to issue 143m to Pakistan Cement Holdings04 February 2014, Published under Cement NewsLafarge Pakistan Cement Ltd (LPCL) has received formal approval from the country's Securities and Exchange Commission to issue 143m shares to its holding company at par value (PKR10/share). This will increase the holding of Lafarge SA in Lafarge Pakistan from 73 to 76 per cent, according to a note to the Karachi Stock Exchange. The move, which reflects Lafarge SA's confidence in the Pakistani subsidiary, contradicts market newsflow that a potential sell-off or merger was on the cards. ... |
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... |
Attock Cement first-half profit declines, Pakistan23 January 2014, Published under Cement NewsPakistan producer Attock Cement reported a nine per cent decline in net profit for the the first half of FY14 to PKR871m (US$8.26m). “The decline in profitability of the company is due to a higher tax rate,” JS Global Capital analyst Atif Zafar said, adding that inflationary pressures, particularly higher electricity rates in August last year negatively affected earnings. In the second quarter, earnings fell to PRK449m compared to PKR601m in the same quarter of FY13. However, going for... |
Pakistan 1H export volumes and revenue down22 January 2014, Published under Cement NewsPakistan exports declined both in terms of volume and value in the first six months of the current fiscal, data from the Bureau of Statistics shows. Cement exports totalled 4.206Mt on revenues of US$257.07m compared to 4.681Mt at US$304.31m. This translates into a 10.15 per cent decline in volume and 15.52 per cent fall in dollar value on a YoY basis. In terms of the Pakistan rupee exports were down by 7.41 per cent to PKR26.88bn over July-December 2012 period. The average export price ... |
Pakistan cement sector growth rises 5.2% in FY1320 January 2014, Published under Cement NewsPakistan’s central bank reported growth in the domestic cement sector in FY13 of 5.2 per cent compared to 2.9 per cent the year before. The annual report released last week by the State Bank of Pakistan shows that total growth in large-scale manufacturing recovered from just 1.1 per cent in FY12 to 4.4 per cent in FY13 – the highest rate in the past five years. Officials attributed the growth in the cement and construction industry to stability in building materials prices, a higher all... |