Cement News tagged under: Thatta Cement
Pakistan cement companies recognised for corporate and sustainability reports08 August 2018, Published under Cement NewsThe Institute of Chartered Accountants of Pakistan (ICAP) and Institute of Cost and Management Accountant of Pakistan (ICMAP) have awarded Best Corporate and Sustainability Report 2017 (BCSR) Awards to more than 40 companies, including several cement firms for their reports. The award-winning cement companies included Cherat Cement, Lucky Cement Ltd, Maple Leaf Cement Ltd and Thatta Cement Ltd. Tariq Hassan, chairman of Audit Oversight Board, Richard Morin, CEO of the Pakistan Stock Excha... |
Thatta Cement's profit falls to PKR183.9m in 6MFY17-1819 March 2018, Published under Cement NewsThatta Cement Co Ltd's profit after tax fell from PKR389.8m (US$3.5m) to PKR183.9m (US$1.6m) during 6MFY17-18. Clinker production stood at 194,825t with a capacity utilisation of 76.4 per cent in comparison to clinker manufacture of 236,135t and capacity utilisation of 92.6 per cent during the corresponding period of last year. Lower off take of cement and accumulation of huge clinker stocks were cited as reasons for the decline in clinker production. Overall sales of the company during ... |
Thatta Cement's profit falls13 February 2018, Published under Cement NewsThatta Cement Co Ltd's (TCCL) financial results for the half year ended 31 December 2017 saw a profit after tax PKR321.66m (US$2.9m), compared to PKR405.79m earned in corresponding period last year – showing a fall of 20.7 per cent in profit on YoY basis. The company's net sales stood at PKR1.73bn compared to PKR1.77bn in 6MFY16. It incurred a distribution cost of PKR35.43m against PKR45.49m in 6MFY16. Its administrative expenses stood at PKR70.50m compared to PKR69.83m corresponding pe... |
Mixed 1HFY17 results for Pakistani cement producers16 February 2017, Published under Cement NewsThe latest series of business results of Pakistani cement producers show a mixed performance during the first half of the 2017 financial year. DG Khan Cement Company DG Khan Cement Company Ltd (DGKC) has announced its 1HFY17 financial result. It reported a profit after tax (PAT) of PKR4.506bn (US$42.9m) during 1HFY17 against a PAT of PKR4.080bn during 1HFY16, up 10 per cent, YoY. In line with trends, DGKC did not declare any dividend along with its 1HFY17 results. The company's... |
Pakistan: Maple Leaf and Thatta Cement 1QFY16/1726 October 2016, Published under Cement NewsPakistan's Maple Leaf Cement Factory earned profit after tax of PKR1.185bn (US$11.3m) in July- September 2016 compared to PKR846.72m in the corresponding period last year, representing a 40 per cent rise. The company's net sales increased to PKR5.52bn from PKR4.96bn in 1QFY15/16. It incurred higher distribution cost of PKR373m and administrative expenses of PKR124m from PKR303m and PKR112m during this comparative period. In addition, its financing cost fell to PKR52m from PKR185.9m of sam... |
Thatta completes modernisation project, Pakistan17 July 2015, Published under Cement NewsThatta Cement on 13 July 2015 successfully started clinker production from its modernised plant situated in Thatta district, Sindh province, the company informed the Karachi Stock Exchange. Production had been suspended from 28 February 2015. The expansion project will lift capacity at the plant from 0.25Mta to 0.525Mta. In the first nine months of FY14, the company earned a net profit of PKR 241m compared to PKR195m in the corresponding period of the previous year. Sales during the n... |
Thatta Cement 1H net profit surges 51% YoY16 February 2015, Published under Cement NewsPakistan-based producer Thatta Cement posted a 51 per cent jump in net profit to PKR139m (US$1.2m) in the first half of the current Pakistan fiscal. Earnings per share improved by PKR1.34 compared to PKR0.89 in the same period of the previous year. However, second quarter profit declined 23 per cent to PKR48m compared to PKR62.5m in 2QFY13-14. Thatta Cement operates a 0.45Mta cement works situated about 115km from Karachi which serves the southern region of the country. |
Thatta Cement's Sri Lanka port project on hold17 March 2014, Published under Cement NewsPakistan-based Thatta Cement has temporarily suspended its proposed grinding and bagging plant in Sri Lanka’s Hambantota Port as it awaits the Land Lease Agreement (LLA) to be signed by relevant authorities. In a filing to the Karachi Stock Exchange, Thatta Cement said that the Sri Lanka Ports Authority (SLPA) has not executed a LLA despite the “basic engineering being completed.” Muhammad Taha Hamdani, CFO and company secretary of Thatta Cement, expressed its dissatisfaction that SLPA... |
Thatta looks forward to increased efficiency, Pakistan23 September 2013, Published under Cement NewsAfter swinging to a net profit in fiscal 2013, Pakistan producer Thatta Cement is looking forward to increased efficiency as it modernises existing operations. Earlier this year the company announced that it would invest in the preheater and cooler sections of its 0.5Mta plant situated in the southern region of the country. After completion of the BMR programme, the plant would achieve sustained and uninterrupted operation together with improved efficiencies and a nominal increase in cli... |
Thatta Cement signs joint venture agreement with Cementia10 May 2013, Published under Cement NewsPakistan cement producer Thatta Cement has signed a joint venture agreement with Cementia Holding for a new grinding plant in Sri Lanka. Cementia, based in Switzerland, is part of the Lafarge group and specialises in the trade and seaborne delivery of clinker, cement and cementitious products. “We wish to inform that today M/s Thatta Cement Company Limited (THCCL) has executed a Joint Venture Shareholders’ Agreement with Cementia Holding AG (Lafarge), Switzerland, in connection with ... |