Cement News tagged under: Pakistan
Attock Cement profit rises, Pakistan02 February 2012, Published under Cement NewsAttock Cement Pakistan Ltd (APCL) has reported a YoY rise in first-half net profit of 116 per cent due to a rise in prices and an exemption in taxes. The Business Recorder notes that the company posted net profit of to PKR507m for the July-December period of the current fiscal against PKR235m in the same period last year. This translates into earnings per share (EPS) of PKR5.86 this year compared to PKR2.72 last year. Industry analysts are expecting sales to increase in the second half... |
Pakistan first half export review01 February 2012, Published under Cement NewsDuring the first six months of the current fiscal year, Pakistan recorded over a 20 per cent decline in exports. However, the sector is hopeful for increased volumes for the remainder of the year and trade to Afghanistan is forecast to reach new heights. During the first six months (July-December 2011) of the current financial year Pakistan exported 3.662Mt of cement and earned US$214.617m compared to 4.611Mt at US$226.983m in the corresponding period. This shows that cement exports fell... |
Lucky Cement first-half boosted by higher prices, Pakistan31 January 2012, Published under Cement NewsPakistan’s Lucky Cement reported a net profit of PKR3.02bn (US$33.4m) in the 1HFY12, which is 107 per cent higher than the same period of last by a rise in demand and prices. The company's gross profit increased by 46.55 per cent during the half year as its net sales revenue improved by 27.82 per cent to PKR15.37bn against PKR12.03bn of last year. During the July-November period, prices were 17.3 per cent higher YoY due to a reduction in cement takes and just a 10.8 per cent rise in c... |
Pakistan exporters hike Afghanistan prices by 25%27 January 2012, Published under Cement NewsPakistani exporters have raised prices to Afghanistan by 25 per cent to US$50/t up from US$37-40/t, the Express Tribune reports. Senior analyst at KASB Securities, Shagufta Irshad, said the move will have a positive impact on the earnings of these companies in the current financial year. With DG Khan and Lucky Cement both situated in the northern part of Pakistan and are major exporters to Afghanistan. Sales to this neighbouring market constitute about 30 per cent of DG Khan’s total ex... |
Pakistan cement cartel investigation17 January 2012, Published under Cement NewsThe Competition Commission of Pakistan (CCP) has conducted a search and inspection of the All Pakistan Cement Manufacturers Association (APCMA) premises as well as Kohat Cement offices in Lahore to seize documents which could confirm collusive activities in an alleged cement cartel. The Business Recorder of Pakistan report that this is the second time the CCP has carried out such an inspection of the cement sector. This new investigation is due to the continued rise in prices over the cou... |