Cement News tagged under: Thatta Cement
Thatta Cement Co expect to to export cement to Europe in 202418 November 2024, Published under Cement NewsThatta Cement Co Ltd (THCCL) held a corporate briefing on 15 November to discuss FY24's financial results and prospects. Management reports that the company will likely enable exports by the end of this year to Eastern Europe. BMA Research, encompassing the key highlights of the briefing, reported that the cement company has a total power requirement of 10MW, which is being met through a combination of sources: 3.5MW from a solar plant, 3.5MW from waste heat recovery (WHR), and the rema... |
Thatta Cement Co experienced a significant rise in profit in 1QFY24-2528 October 2024, Published under Cement NewsThatta Cement Co Ltd in Pakistan announced its financial results on 25 October. It reported earnings of PKR597m (US$2.15m) for the 1QFY24-25. The YoY growth of 392 per cent in earnings is attributed to higher gross margins and other income. BMA Capital Management Ltd remarked that the earnings aligned with market expectations. The company’s topline increased by 17 per cent YoY to PKR1.7bn due to higher retention prices and growth in local cement dispatches. The company reported a distri... |
Thatta Cement achieves 22.57% increase in local cement dispatches02 October 2024, Published under Cement NewsThe directors of Thatta Cement Co Ltd (TCCL) have released a financial report and the company’s audited financial statements for the fiscal year ending 30 June 2024. In the FY23-24, the company achieved a 22.6 per cent increase in local cement dispatches compared to the previous year. An impressive 39 per cent rise matched this surge in volume in revenue. The revenue growth is largely due to a significant increase in cement retention prices. This price adjustment enhanced the compa... |
Thatta Cement's profit ballooned by 502% in FY23-2422 August 2024, Published under Cement NewsThatta Cement Co Ltd of Pakistan announced its financial results for FY23-24 ended 30 June 2024, at the Pakistan Stock Exchange (PSX) on 20 August 2024. It reported an increase in profit after tax to PKR1.50bn (US$5.37m) in FY23-24 from PKR249m earned in the corresponding period last year. This reflects a profit balloon of 502 per cent during this period. The growth in the profit could be attributed to increased sales, which rose to PKR9.97bn in FY23-24 from PKR7.16bn during the yeaer-ago ... |
Thatta Cement Co shows strong profit growth in 9MFY23-2417 May 2024, Published under Cement NewsThatta Cement Co Ltd reported that in the nine months ending on 31 March (9MFY23-24), the company earned a net profit of PKR888.2m (US$3.19m) when compared to PKR80.6m in the year-ago period, representing a strong advance in net profit during the accounting period. The company's local sales, in terms of volume, increased by 21.2 per cent to 387,774t compared to the corresponding period of last year, when 319,959t of cement were dispatches. Thatta Cement achieved a 41.1 per cent increase i... |
Thatta Cement reports profit in 1HFY23-2427 February 2024, Published under Cement NewsPakistan cement producer Thatta Cement Co Ltd (THCCL) has announced its financial results for the half year ended 31 December 2023 (July-December 2023) on the website of the Pakistan Stock Exchange (PSX). Its reported profit after tax was PKR358m (US1.28m) against a loss of PKR6.2m in the corresponding period last year. The recovery from losses can be attributed to higher sales and significant improvement in gross profit during this period. THCCL's net sales increased to PKR3.12bn from PK... |
Thatta Cement Co to install another 2.2MW of solar power by year-end28 November 2023, Published under Cement NewsAccording to a report of AHL Research, the management of Thatta Cement Co Ltd (THCCL) held a corporate briefing session on 24 November to discuss the FY22-23 financial result and future outlook. Recalled here that the company posted consolidated earnings of PKR310m (US$1.099m) in FY22-23 versus PKR86m in the same period last year, a YoY increase of 258 per cent. The company also announced shares buyback of up to PKR15m, about ~15 per cent of the paid-up capital. Thatta Power (Pvt) Ltd (... |
Thatta Cement's profit increased in FY22-23 and plans share buyback28 September 2023, Published under Cement NewsThatta Cement Co Ltd (THCCL) announced its financial results for the year ended 30 June 2023 (FY22-23) at the Pakistan Stock Exchange (PSX) on 27 September. It reported an increase in profit after tax to PKR249m (US$0.86m) from PKR119m earned in the corresponding period last year. This reflects a growth of 109 per cent YoY, mostly due to higher sales and other income that made the company report a better profit this year. Its net sales increased to PKR5.41bn from PKR4.26bn during this peri... |
A score of cement companies mixed financial results in 9MFY22-2315 May 2023, Published under Cement NewsSeveral of Pakistan’s cement firms have presented their financial result for the 3QFY22-23 and 9MFY22-23 in April/May 2023. During the accounting period of nine months, they reported mixed results due to a rise in the cost of sales, distribution and finance charges, etc. High inflation and political unrest also dented sales and profits. In the 9MFY22-23 Flying Cement Co Ltd reported a decrease in profit after tax (PAT) to PKR226m (US$0.79m) from PKR766m earned in the corresponding pe... |
PSX listed cement companies release financial results for 1HFY2310 March 2023, Published under Cement NewsCement companies listed in the Pakistan Stock Exchange (PSX) continue to report mixed financial results for the 1HFY22-23 (July-December 2022) of the current financial year FY22-23 (July 2022-June 2023). Although companies have reported an increase in sales, their cost of sales and bank borrowing has increased, resulting in a tightening of profit margins. According to JS Global Capital Ltd, demand improvement has given the industry room to pass some of the impact of cost growth due to the... |