Cement News tagged under: financial business results
DG Khan Cement saw profits up by 70% YoY in 1QFY23-2431 October 2023, Published under Cement NewsDG Khan Cement Co Ltd of Pakistan has announced its financial results for the first quarter ended 30 September 2023 with details posted on the Pakistan Stock Exchange (PSX) website. Its net profit after taxation rose 70 per cent to PKR660.57m (US$2.38m) from PKR388.93m during this comparative period due to higher revenue. According to AHL Research, factors responsible for the higher profit include the reduction in coal prices along with a surge in cement prices. The company's net sal... |
Maple Leaf Cement profits increase to PKR1.62bn in 1QFY23-2430 October 2023, Published under Cement NewsPakistan cement producer Maple Leaf Cement Factory Ltd ( Kohinoor Textile Mills Ltd ) announced its financial results for the first quarter ended 30 September 2023, on the Pakistan Stock Exchange (PSX) website. Its net profit after taxation rose to PKR1.62bn (US$5.84m) from PKR1.37bn during this comparative period due to higher revenue. Its net sales increased to PKR16.67bn in the 1QFY23-24 from PKR12.82bn in the year-ago period. It incurred a higher distribution cost of PKR1.15bn ag... |
Power Cement reports losses in 1QFY23-2430 October 2023, Published under Cement NewsPower Cement Ltd in Pakistan announced its financial results for 1QFY23-24 on the Pakistan Stock Exchange (PSX) website. It posted a loss after tax of PKR540m (US$1.94m) during this period, compared to a loss of PKR271m in 1QFY23. The increased sales could not bring profit to the company account. The company's sales increased to PKR9.73bn in 1QFY23-24 from PKR5.57bn in the year-ago period. Similarly, the cost of sales also increased to PKR7.29bn from PKR4.76bn. It incurred a higher ... |
Dewan Cement reports PKR115m loss in 1QFY23-2427 October 2023, Published under Cement NewsPakistan cement producer Dewan Cement Ltd (DCL) , subsidiary of Mega Conglomerate Ltd , announced its financial results for the 1QFY23-24, which ended 30 September 2023, on the Pakistan Stock Exchange (PSX) website. It reported a loss after taxation of PKR115m (US$0.414m) against a loss of PKR681m during this period. The loss can be attributed to the high cost of sales during this period despite increased revenue. Its net sales increased to PKR5.61bn from PKR3.53bn. Similarly, the ... |
Cherat Cement reported profits up by 3% in 1QFY23-2425 October 2023, Published under Cement NewsCherat Cement Co Ltd (CHCC), subsidiary of Gulham Faroque Group , has announced its financial results for the 1QFY23-24 ended 30 September 2023. It reported an increase in profit after tax to PKR1.53bn (US$5.47m) from PKR1.48bn earned in the corresponding period last year. This reflects a growth of 3.4 per cent on a YoY basis, according to CHCC financial results posted on the Pakistan Stock Exchange on 23 October. The substantial increase in profitability can be attributed to lower... |
Attock Cement Pakistan earns profit in 1QFY2411 October 2023, Published under Cement NewsAttock Cement Pakistan Ltd (ACPL) has announced its 1QFY24 (July-September 2024) results today where the company posted profit after tax (PAT) of PKR1.54bn (US$5.67m) as opposed to PAT of PKR0.11bn in the same period last year. This could be the outcome of selling overseas units during this accounting period, according to the company's filing to the Pakistan Stock Exchange. However, research house Insight Securities (Pvt) Ltd says that the result came below expectations mainly due to lo... |
Fecto Cement reports loss in FY22-2309 October 2023, Published under Cement NewsFecto Cement Ltd has announced its financial results for the year ending 30 June 2023 (FY22-23). It shows a loss after tax at PKR133m (US$0.478m)) against the profit of PKR286m reported in FY22-23. The high cost of sales is expected to be one of the main reasons for losses. Fecto Cement ’s sales increased to PKR8.68bn in the FY22-23 from PKR6.77bn in the FY21-22. Similarly, the cost of sales rose to PKR8.36bn in the FY22-23 from PKR5.90bn in the year-ago period. The administrati... |
Maple Leaf Cement FY22-23 profit increases by 24%08 September 2023, Published under Cement NewsMaple Leaf Cement Factory Ltd (MLCF), subsidiary of Kohinoor Textile Mills , announced its financial results for FY22-23 on 6 September 2023. The company posted earnings of PKR4.49bn (US$14.65m) from PKR3.62bn during this period, up 23.9 per cent YoY. The improved profit was supported by higher sales, better retention prices and other income. According to MLCF filing to the Pakistan Stock Exchange (PSX), its net sales increased by 28 per cent to PKR62.07bn YoY. MLCF incurred a distribu... |
Profit of Cherat Cement shrinks by 1% in FY22-2307 September 2023, Published under Cement NewsCherat Cement Co Ltd ( Ghulam Faruque Group ) has announced its financial results for the year ended 30 June 2023 by declaring a net profit of PKR4.40bn (US$14.3m) as compared to PKR4.45bn in the same period last year. This translates into a profit shrinkage of 1.2 per cent in FY22-23 due to high finance, distribution, administration and taxation. The decline is majorly attributable to increased financial charges and higher taxation by AKD Research. The financing rose 41 per cent to PKR... |
Southern Province Cement posts net profit of SAR68m in 2Q2304 September 2023, Published under Cement NewsIn the January-June 2023 period, Southern Province Cement logged net profits after zakat and tax valued at SAR68m (US$18.1m) down 54.6 per cent YoY from SAR150m. Revenues declined by 6.74per cent to SAR526m in the 1H23 from SAR564m in the 1H22, while the earnings per share (EPS) plummeted to SAR0.49 from SAR1.07. During the 2Q23, the company posted 68.9 per cent lower net profits after zakat and tax at SAR19m, compared to SAR61m a year earlier. The revenues decreased by 3.42 per cent... |