Cement News tagged under: Pakistan
Pakistan’s DG Khan Cement swings to net profit19 April 2012, Published under Cement NewsDG Khan Cement, Pakistan’s second-biggest producer, swung to a third-quarter profit thanks to an increase in prices. Net income in the three months ended March 31 was PKR754.6m (US$8.3m), compared with a loss of PKR5.32m in the same period a year ago, according to a statement to the Karachi Stock Exchange. Sales rose 21 per cent to PKR6.23bn. |
Fauji Cement reports drop in profit, Pakistan17 April 2012, Published under Cement NewsPakistan cemet producer, Fauji Cement Company, has reported a lower profit after tax of PKR140.391m (US$1.55m) during nine months ending 31 March, 2012. According to financial results sent to the Karachi Stock Exchange, pre-tax profit fell to PKR286.417 due to higher financial costs during the period under review compared to PKR369.294m in the same period last year. Earnings per share also dropped to PKR0.109 compared to PKR0.438 in 2011. |
Pakistan prices see further rises10 April 2012, Published under Cement NewsCement producers in the Sindh and Balochistan regions have increased cement prices by PKR10/bag – the second increase in just over two weeks, according to reports by local press. Cement prices were hiked by PKR10-15/50kg bag on 26 March citing a rising demand in the summer as a reason. This followed a January 2012 rise, where prices increased by PKR2.5/bag. Analysts said repeated hikes in cement prices would affect construction activities as the construction cost of many projects would... |
Pakistan domestic sales rise, exports drop05 April 2012, Published under Cement NewsPakistan cement sales increased 14.8 per cent in March following however exports continued their downward trend by falling 23.72 per cent. A spokesman from the All Pakistan Cement Manufacturers Association (APCMA) said that domestic sales crossed the 2.55Mt mark. In the first nine months of the fiscal local sales were 17.39Mt compared to 16Mt in the same period last year, representing growth of 8.4 per cent. The spokesperson said: “This is better but we need much more sales to ut... |
Improving prices forecast to raise margins, Pakistan03 April 2012, Published under Cement NewsPakistan cement industry is forecasted to earn good margins during the last quarter of the current fiscal as cement prices increase on rising sales volumes. According to a report by InvestCap, local cement manufacturer and exporter firm Fauji Cement (whose capacity has been increased by commissioning of a new 7200tpd plant in 1HFY12) would be the main beneficiary of an increase in prices followed by Lucky Cement, DG Khan Cement and others. The report noted that cement prices are on th... |
Pakistan eight-month export sales rise in value terms29 March 2012, Published under Cement NewsDuring the first eight months of the current fiscal (July 2011-June 2012), Pakistan cement exports have progressed in terms of value while the markets of Afghanistan, India and Saudi Arabia look promising. The eight month period (July 2011-February 2012) saw Pakistan export 5.855Mt of cement with a value of US$303.127m compared to 5.905Mt at US$290.852m in the corresponding period of last year. This shows that cement export fell slightly by 0.85 per cent in terms of quantity but were up... |
Lucky Cement inks power supply agreement, Pakistan22 March 2012, Published under Cement NewsLucky Cement plans to sell additional electricity to the Peshawar Electricity Supply Company through its plant in Darra Pezu, Pakistan. The daily Business Recorder reported that Lucky Cement is holding meetings with Pesco to sell 15-20MW of electricity to overcome prevailing power shortages in the district of Lakki Marwat and Dera Ismail Khan and the adjacent areas of Lucky Cement’s plant. Lucky Cement has its own power generation units at both its production faclities in Karachi and D... |
New Pakistan terminal contract signed19 March 2012, Published under Cement NewsA contract has been signed for construction of Pakistan's first mechanised coal, cement and clinker terminal at Port Qasim (BOT). The facility will be constructed at an estimated cost of US$175m on a 30-year build operate and transfer (BOT) basis. A signing ceremony was recently held between Pakistan International Bulk Terminal (PIBT) and a JV consortium of Turkish firm Siyahkalem-and local firm Maqbool Associates for the civil work contract. The project is expected to be operationa... |
Pakistan industry first-half profitability improves14 March 2012, Published under Cement NewsA number of Pakistan cement manufacturers and exporters have posted profits after tax for the first six months of the current fiscal year against losses reported in 1HFY2011. The rise is attributed to significantly improved retention prices and alternative energy resources. According to a financial review by Invest Capital Markets Ltd, out of 16 companies (representing 96 per cent of the sector’s market capitalization) most reported a profit. The sector reported an impressive turnaround i... |
Pakistan cement sales up 7%09 March 2012, Published under Cement NewsPakistan cement sales rose seven per cent for the first eight months of the current fiscal (July 2011-June 2012) while exports declined by six per cent in the period, data from the All Pakistan Cement Manufacturers Association reports. Total cement sales for first eight months increased by 3.49 per cent to 20.45Mt from 19.76Mt in the same period of the previous fiscal. Domestic sales reached 14.83Mt from 13.81Mt in 2011 while exports dropped to 5.61Mt from 5.94Mt, the association said.... |