Cement News tagged under: pakistan
Cement price increase in north Pakistan01 March 2018, Published under Cement NewsCement retail prices in northern Pakistan have increased by PKR10/bag (US$0.09), due to increase in demand, high capacity utilisation (close to 100 per cent in the north) and increase in coal prices, says a report of a local research house. As a result, retail prices in Punjab have now risen to PKR515/bag (US$4.6/bag) while those in Khyber Pakhtunkhwa (KPK) are now back to PKR500. Analyst discussions with the management of cement companies suggest that they want to gradually increase... |
Dandot Cement Co posts PKR320m loss in 1HY17-1801 March 2018, Published under Cement NewsDandot Cement Company Ltd (DCCL) has announced that it has incurred a loss of PKR320m (US$2.88m) in 1HY17-18 as compared to a loss of PKR110m incurred in corresponding period last year. According to a notification of DCCL's to the Pakistan Stock Exchange (PSX), company sales decreased to PKR679m from PKR 1.07bn during this period. DCCL incurred a distribution cost of PKR2m against PKR13.5m in 1HFY16/17. The administrative expenses stood at PKR27m compared to PKR26m incurred in correspo... |
Gharibwal Cement earns PKR752m in 1HFY17-1828 February 2018, Published under Cement NewsGharibwal Cement Ltd (GCL) has announced its financial results for the half year ended 31 December 2017. It reported a profit after tax of PKR752m (US$6.7m) compared to PKR1.112bn, a fall of 32 per cent YoY. According to a notification of the company to the Pakistan Stock Exchange (PSX), GCL's sales decreased to PKR5.47bn from PKR5.52bn during this period. It incurred a distribution cost of PKR10m against PKR13m in 1HFY16-17. The administrative expenses stood at PKR193m compared to PKR18... |
Power Cement announces increase in sales28 February 2018, Published under Cement NewsPower Cement Ltd (PCL) has announced a fall of 18 per cent YoY in profit after tax for the half year ended 31 December 2017. According to a notification to the Pakistan Stock Exchange on 26 February, PCL's sales increased by 1.5 per cent to PKR2.09bn (US$18.85bn) compared to PKR2.06bn, recorded in the corresponding period last year. PCL incurred a distribution cost of PKR67m against PKR54m of the year-ago period. Alongside this, administrative expenses also rose to PKR57m (1HFY16-17: PKR3... |
Kohat Cement profits fall by 25% in 1HFY17-1827 February 2018, Published under Cement NewsKohat Cement Co Ltd (KCCL) has announced a fall of 24.9 per cent in profit YoY for the half year ended 31 December 2017. KCCL reported a profit after tax of PKR1.644bn (US$4.6m) compared to PKR2.19bn (US$6m), earned in corresponding period last year. According to a notification of company to Pakistan Stock Exchange (PSX) on 26 February, its sales dropped by four per cent to PKR6.867bn from PKR7.164bn during this period. KCCL incurred a distribution cost of PKR68m against PKR71m in 1HFY1... |
Dewan Cement reports 1% profit rise in 1HFY17-1826 February 2018, Published under Cement NewsDewan Cement Ltd (DCL) has announced its financial results for the half year ended 31 December 2017. It reported a profit after tax of PKR550m (US$4.96m), c ompared to PKR476m (US$4.29m) in the corresponding period last year – representing a growth of 15.5 per cent YoY. According to a notification of company to Pakistan Stock Exchange (PSX), the company's sales increased to PKR6.45bn from PKR6.19bn during this period. Distribution costs of PKR106m were incurred against PKR96m in 6... |
Pakistan exports fall in 7MFY17-1823 February 2018, Published under Cement NewsPakistani cement exports during the first seven months of current financial year, July 2017-January 2018, recorded a fall of 15.4 per cent in volume and 18.7 per cent by value in dollars, says data released by Pakistan's Federal Bureau of Statistics. Pakistan exported 2.71Mt of cement and earned export revenue of US$136.46m between July 2017-January 2018, compared to 3.21Mt at US$167.9m in corresponding months of last fiscal year. Volumes fell by 15.4 per cent and in terms of doll... |
Fecto Cement plans greenfield project23 February 2018, Published under Cement NewsPakistan-based Fecto Cement Ltd has announced plans to construct a 6000tpd greenfield plant and a 9MW waste heat recovery (WHR) power plant in Palai, Khyber Pakhtunkhwa. The decision to expand was undertaken following the receipt of an exploration licence for limestone mining and to meet the growth in cement demand. Elsewhere the company modified its Sangjani plant by replacing coal dosing equipment and the motors of both induced draught fans, which increased clinker production to 2760tpd... |
Bestway Cement announces 13% net profit fall22 February 2018, Published under Cement NewsPakistan’s Bestway Cement Ltd has announced a net profit of PKR6.19bn (US$55.9m) in the 1HFY18 period, representing a 12.8 per cent fall from the year-ago period. The decrease in profit has been attributed to the rising cost of sales. While net sale increased to PKR38.44bn from PKR35.35bn, costs also advanced to PKR16.55bn (1HFY17: PKR14.03bn). The company reported an administrative expense of PKR1.15bn, compared to PKR1.13bn of the 1HFY17. |
Pioneer Cement reports 1HFY18 profit fall21 February 2018, Published under Cement NewsPioneer Cement Ltd has announced that its net profit for the period 1HFY18 fell by 51 per cent to PKR737m (US$6.6m). T his was reportedly due to a decrease in sale, increase in cost of sales as well as higher in distribution and administrative expenses. The financing cost has also increased to PKR49m from PKR2.5m. The company's net sales fell from PKR5.19bn to PKR4.89bn, whereas, cost of sale increased to PKR3.4bn from PKR3.07bn during this period. No dividends were announced by the comp... |