Cement News tagged under: pakistan
Maple Leaf Cement incurs losses in 1QFY1925 October 2019, Published under Cement NewsMaple Leaf Cement Factory Ltd (MLCF) of Pakistan has announced its consolidated financial results for the 1QFY19, ended 30 September 2019. It incurred a net loss of PKR982m (US$6.29m) compared to the profit of PKR586m earned in the same quarter last year, despite an increase in sales, which rose to PKR7.14bn from PKR5.65bn during the period. Increased finance costs, which expanded to PKR799m from PK224m over the period, was the main reason cited for the loss in profit. MLCF incurred a lo... |
DG Khan Cement sales increased in 1QFY2025 October 2019, Published under Cement NewsDG Khan Cement Co Ltd (DGKC) of Pakistan has announced its consolidated financial results for the 1QFY20, ended September 2019. DGKC incurred a net loss of PKR1.44bn (US$9.2m) as compared to profit of PKR341m earned in the same quarter last year. The losses are attributed to an increase in the cost of sales, which increased to PKR10.25bn from PKR7.70bn during this accounting period. The finance cost also increased from PKR650m to PKR1.37bn during July-September 2019. The company's sales ... |
Dewan Cement posts losses in 1QFY2024 October 2019, Published under Cement NewsDewan Cement Ltd (DCL) of Pakistan has announced its financial results for the 1QFY20 ended 30 September. It incurred a net loss of PKR62m (US$398,189) as compared to profit of PKR184m earned in the same quarter last year. The fall in profit was attributed to a decline in sales during the reporting period. The company incurred a lesser distribution cost of PKR28m against PKR30m in the same period last year. However, administrative expenses increased to PKR147m from PKR106m. The company’s sa... |
Fauji Cement reports fall in profit by 63% in 1QFY2022 October 2019, Published under Cement NewsPakistan-based Fauji Cement Co Ltd (FCCL) has announced its financial results for 1QFY20 on 21 October. It posted a net profit after tax of PKR293m (US$1.87m), down 63 per cent YoY, compared to PKR801m earned in same quarter last year, says a filing of company to Pakistan Stock Exchange. The major factor responsible for this fall was the drop in sales to PKR4.2bn from PKR5.3bn during this accounting period. The distribution and administrative expenses have also been increased to PKR52m and ... |
Cement export from Pakistan shows mixed revenue in 1QFY2022 October 2019, Published under Cement NewsPakistan's cement industry earned foreign exchange revenue of US$66.77m by exporting 1.61Mt of cement between July and September 2019, compared to US$77.59m from exporting 1.78Mt of cement in same months last year, says the country's Federal Bureau of Statistics. This reflected a YoY fall of 13.9 per cent and 9.6 per cent in terms of value and quantity, respectively. However, in local currency terms, exports expanded by 9.4 per cent to PKR10.52bn (US$67.2m) during this period. In September ... |
Profitability of top six Pakistan producers remains under pressure in 1QFY2021 October 2019, Published under Cement NewsThe top six cement producers in Pakistan are likely to report a fall in profits and losses in 1QFY20 on the back of significantly build-up in cost pressures, weak domestic demand, infighting among northern-based producers, local taxation issue and axle load factors, says a report of a local research houses. Analyst expects that the IMS Cement Universe (comprising Lucky Cement, Maple Cement, Kohat Cement, DG Khan Cement, Fauji Cement and Cherat Cement) to post combined net loss after tax o... |
Pakistan's FDI continues to slide in 1QFY19-2018 October 2019, Published under Cement NewsPakistan has received net foreign direct investment (FDI) of US$542.1m in the July-September 2019 period, compared to US$559.4m, received in same months last year. This represents a fall of three per cent YoY, mainly due to lower inflow from China during this period. The drop trend in FDI also impacted investment in the construction and cement sectors in the country, according to a report of the State Bank of Pakistan. The breakdown shows cement attracted investment of US$12.2m and con... |
Bestway Cement’s profits sharply eroded in 1QFY1918 October 2019, Published under Cement NewsBestway Cement Ltd (BWCL) of Pakistan has announced its financial results for the 1QFY19, ended 30 September 2019. It declared a net profit of PKR300m (US$1.97m) against PKR2.257bn earned in the same period last year. It shows 1Q profit plummeted by 86.7 per cent YoY. The fall in profit is reportedly due to a dip in the company's sales and a modest increase in finance costs as shown in the financial results sent to the Pakistan Stock Exchange. BWCL's sales stood at PKR15.47bn in July-Septem... |
Attock Cement profit falls 16% in 1QFY19-2015 October 2019, Published under Cement NewsAttock Cement Pakistan Ltd (ACPL) of Pakistan has announced its financial results for the first quarter ended 30 September 2019. It declared a net profit of PKR357m (US$2.3m), against PKR423m earned in the same period last year. It shows profit dropped by 15.5 per cent due to a fall in revenue, which stood at PKR4.96bn from PKR5.68bn during this period. Other factors that led to the profit fall were the increase in distribution cost, administrative expenses and finance cost, says a notific... |
Fauji Cement appoints new non-executive director11 October 2019, Published under Cement NewsPakistan’s Fauji Cement Co Ltd has announced the appointment of Wasim Sadiq as non-executive director of the company, with effect from 1 October 2019. Mr Sadiq has replaced Muhammed Amir Khan in this role, according to the company’s statement to the stock exchange. |