Cement News tagged under: financial business results
Fauji Cement saw profit rise to 24% in 1QFY24-2528 October 2024, Published under Cement NewsFauji Cement has informed the Pakistan Stock Exchange (PSX) about its financial results for the 1QFY24-25, which ended on 30 September 2024. The company earned a profit after tax of PKR3.2bn (US$11.52m) compared to PKR2.6bn in the same period last year, an increase of 24 per cent (YoY). Its net profit ratio was 14 per cent compared to 13 per cent YoY. The company announcement says that the gross profit margin improved to 34 per cent compared to 31 per cent YoY. This is mainly attributable... |
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... |
Afrimat reports group revenue rise of 44% in six months ending 31 August25 October 2024, Published under Cement NewsAfrimat has released results for the six months ending 31 August 2024. Group CEO, Andries van Heerden, said that group revenue increased by 44.3 per cent from ZAR2.8bn (US$158.2m) to ZAR4.1bn, including the recently acquired Lafarge business. Operating profit (excluding a gain on bargain purchase) decreased by 45.2 per cent from ZAR534.1m to ZAR292.7m. Notwithstanding a good performance from the group's quarries and the Industrial Minerals division, the reduction in operating profit was pr... |
Maple Leaf Cement exhibits fall in profit during 1QFY2525 October 2024, Published under Cement NewsMaple Leaf Cement announced its financial results for 1QFY24-25 on the Pakistan Stock Exchange (PSX) website on 24 October. It recorded consolidated earnings of PKR1.34bn (US$4.82m), compared to PKR1.626bn YoY, a 17.28 per cent fall. The initial impression from the result shows that lesser sales coupled with higher distribution and other expenses put pressure on net profit. Net revenue decreased to PKR15.7bn in 1QFY25 from PKR16.67bn in the last fiscal year, primarily due to lower domesti... |
DG Khan Cement posts a profit after tax of PKR804m in 1QFY24-2518 October 2024, Published under Cement NewsDG Khan Cement announced its financial results on the Pakistan Stock Exchange (PSX) website on 17 October, reporting a profit after tax of PKR804m (US$2.89m) in the 1QFY24-25. This marks a 21.6 per cent increase from a profit of PKR661m in the equivalent period of the previous financial year, which followed a loss after tax of PKR1.692bn in the 1QFY22-23. A preliminary analysis indicates that a reduction in the cost of sales and lower financing costs contributed to the company’s notable pr... |
Fauji Cement exports to Afghanistan likely to increase in FY2511 October 2024, Published under Cement NewsThe management of Fauji Cement Co Ltd (FCCL) held an analyst briefing session on 9th October 2024 to discuss the company’s performance and future outlook. FCCL reported strong results for FY24, driven by significant cement and solar expansion investments. The company posted earnings of PKR8223m (US$29.6m) compared to PKR7440m in the previous period, a jump of 11 per cent YoY. In FY24, volumetric dispatches rose by five per cent, recording 5.08Mt, with local dispatches up by three per cent... |
Gharibwal Cement achieved significant financial milestones in FY2408 October 2024, Published under Cement NewsGharibwal Cement Ltd has issued a notice to call the 64th Annual General Meeting, which will be held on 24 October 2024, to approve the account for FY24. The company achieved significant financial milestones in FY24, with a net profit surge of 41.4 per cent YoY, reaching PKR1.743bn (US$626.1m). This strong performance, a testament to the company’s collective efforts, contributed to an impressive Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) growth of nine per... |
Steppe Cement reports 1H24 revenues of US$34m20 September 2024, Published under Cement NewsSteppe Cement reported its 1H24 unaudited interim results with revenues amounting to US$34.4m, a seven per cent fall from US$36.9m in the corresponding period of 2023. The decline was mainly attributed to a four per cent drop in sales volume. The group made a loss after tax of US$3.5m in the 1H24 compared to US$0.1m profit after tax in the 1H23. First-quarter trading saw an 18 per cent in sales for Steppe Cement, but this was offset by a two per cent rise in the 2Q24, while sales volumes ... |
DG Khan Cement posts a profit of PKR542m in FY23-2417 September 2024, Published under Cement NewsDG Khan Cement Co Ltd (DGKC) reported its financial results for FY23-24 on the Pakistan Stock Exchange website on 16 September. The company posted a profit of PKR542m (US$1.95m) compared to a loss of PKR3.64bn in the previous period. Other income and lower taxation helped to achieve profit during this period. According to AHL Research, DG Khan's topline during FY23-24 reached PKR66.03bn, an uptick of two per cent YoY in contrast to PKR64.98bn in the previous period, on the back of high... |
Malayan Cement boosts YTL Corp's FY24 results28 August 2024, Published under Cement NewsYTL Cop Bhd posted a net profit slipped to MYR534.48m in the fourth quarter ended 30 June 2024 (4Q24) compared with MYR548.03m in the previous corresponding period, while revenue in 4Q24 dipped to MYR8.27bn from MYR9.21bn a year earlier. In a statement, executive chairman Tan Sri Francis Yeoh Sock Ping said the strong set of results was contributed by all business segments across the board, anchored by the utilities and cement divisions, with the construction, property, hotels and managemen... |