Cement News tagged under: Paksitan
Lucky Cement believes cement exports have become more attractive13 November 2024, Published under Cement NewsLucky Cement Ltd held its corporate briefing on 12 November to discuss the financial results of 1QFY24-25 (1 July-30 September 2024) and the company's outlook. BMA Research covered the event and texted that on an unconsolidated basis, earnings reached PKR6.5bn (US$23.26m) in 1QFY24-25 vs profit of PKR6.9bn in 1QFY23-24, down five per cent YoY due to lower gross margin. The company's local dispatches declined by 22.5 per cent, reaching 1.37Mt in 1QFY24-25, due to higher cement pri... |
Pakistan International Bulk Terminal Ltd 1QFY24-25 and FY23-24 review11 November 2024, Published under Cement NewsThe directors of Pakistan International Bulk Terminal Ltd (PIBT) presented the financial statements for 30 September 2024, a copy of which was recently reported to the Pakistan Stock Exchange. The company handled 1.177Mt of lesser cargo compared to 1.98Mt in the same period last year, demonstrating the overall industry demand for imported coal. The company posted a net loss after tax during the period, primarily due to prevailing market conditions. A loss of PKR320m (US$1.15m) was incurre... |
Bestway Cement posts 6% rise in FY23-24 sales16 August 2024, Published under Cement NewsChairman of Bestway Cement Ltd , Sir Mohammed Anwar Pervez, stated that despite all the challenges, Bestway increased its market share in Pakistan and achieved a growth of six per cent in sales volumes, outperforming the industry growth of 1.6 per cent. The main factor behind the development was attributed to the company's two new production lines at Hattar and Mianwali, which became operational during the FY22-23. According to the annual report for 2024, Bestway Cement has achieved signif... |
Cherat Cement to receive gas for its captive power plant04 March 2020, Published under Cement NewsCherat Cement Co Ltd (CHCC) has started receiving gas supply from Sui Northern Gas Pipelines Ltd, for its for its plant located at Nowshera in KPK province, Pakistan. This will help in reducing the production costs of the company, said the company's Executive Director Abid Wazir. According to the company's half-yearly report ending December 2019, to reduce its production costs, CHCC is also installing 12.3MW solar panels at the factory. Furthermore, it has signed a Wheeling Regime Energy P... |
Pakistan sees mixed export revenue trend in 7MFY19-2019 February 2020, Published under Cement NewsPakistan's exports increased in volume terms over the first seven months of FY19-20, but declined in value terms. Meanwhile, in January 2020 exports increased both in terms of volume and value on a MoM basis. The country's cement sector earned US$170.13m by exporting 4.484Mt of cement and clinker between July 2019 - January 2020, compared to US$184.34m from 4.334Mt of exports in the comparative period of a year earlier, according to the country's Federal Bureau of Statistics. This repres... |
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