All Pakistan Cement Manufacturers Association (APCMA) released twelve months of local and overseas dispatch data today. During the fiscal year July 21 – June 22, total cement dispatches (domestic and exports) were 52.89 million tons which are 7.91 percent lower than 57.43 million tons dispatched during the last fiscal year.… Continue

The Board of Directors of Amreli Steel Limited (ASTL) recently approved an investment to install facility for production of ADC12 Aluminum Alloy Ingots, which is widely used alloy to produce Pressure Die Casting (PDC) components used in Engineering, Electric Lighting and Automotive Industry.… Continue

D.G. Khan Cement Company has estimated that cement markets are likely to suffer in FY23 due to budget constraints, which suggests growth next year will be negative or single-digit. Moreover, the management in a corporate briefing stated today that various projects were put on hold amid high steel and cement prices.… Continue

Provisional cement data for Jun’22 depicts a rise of 2% YoY to 5.30mn tons, and domestic dispatches recorded an uptick of 9% YoY to 5.07mn tons. Meanwhile, exports shrunk by a massive 58% YoY during Jun’22 to 0.23mn tons due to a decline in North-based exports to Afghanistan by 51% YoY to 0.01mn tons coupled with the 62% YoY dip in South-based exports to 0.13mn tons.… Continue

DG. Khan Cement Company Limited (DGKC) has informed Pakistan Stock Exchange (PSX) on June 21 that D.G. Khan Cement Company Limited (“the Company”) has signed an agreement and established a Letter of credit for the supply and installation of the On-Grid Solar Power Plant of 6.952MW at its site in Khairpur, Distt.… Continue

Syedain Raza Zaidi, Chairman, Karachi Port Trust (KPT), has announced that bulk carrier Tomini Felicity is still loading cement at KPT in 1.5t jumbo bags destined for Houston, Texas USA. He was speaking at an event to mark the first-ever shipment to the USA, attended by officials of DG Khan Cement and other stakeholders in Karachi today.… Continue

Cement dispatches declined by 15.85 percent in May 2022. Total Cement dispatches during May 2022 were 3.32 million tons against 3.94 Million Tons dispatched during the same month of last fiscal year.

According to the data released by the All Pakistan Cement Manufacturers Association (APCMA), local cement dispatches by the industry during May 2022 were 3.15 million tons compared to 3.2 million tons in May 2021, showing a reduction of 1.6 percent.… Continue

Pakistan cement sales are expected to contract by 17% MoM to 2.92mn tons with local dispatches likely to be down by 19% MoM mainly due to Eid holidays and economic slowdown.

On YoY basis, cement sales in May-2022 are anticipated to decline by around 26% YoY.… Continue

Agha Steel Industries Limited, a leading Steel manufacturing company has signed an agreement with Saima Group for exclusively providing Green Electric Arc Furnace Technology steel rebars to its first of a kind Eco-Friendly Green Housing Structure Project “Saima Premium Residency”. Saima Group is a name associated with quality and trust in the real estate planning and development sector of Pakistan, having successfully delivered many mega projects for both residential and commercial to its customers.… Continue

A symposium was recently organized at a local hotel in Islamabad by the Federal Board of Revenue (FBR) to discuss the implementation and progress of the Track & Trace System (TTS) in the Cement Sector. AJCL Private Limited and its consortium partners Authentix Inc of USA and MITAS Corporation of South Africa attended the event.… Continue

Cement dispatches declined by 28.6 percent in April 2022. Total Cement dispatches during April 2022 were 3.52 million tons against 4.94 Million Tons dispatched during the same month of last fiscal year.

According to the data released by All Pakistan Cement Manufacturers Association (APCMA), local cement dispatches by the industry during the month of April 2022 were 3.37 million tons compared to 4.06 million tons in April 2021, showing reduction by 17.06 percent.… Continue

Pioneer Cement Ltd (PIOC) has posted a NPAT of PKR485mn (EPS: PKR2.14) for 3QFY22, down 29% yoy and 27% qoq. The result has come in lower than our estimated NPAT of PKR567mn (EPS: PKR2.49). Higher-than-expected effective tax rate is the major deviation.… Continue

Maple Leaf Cement said that the Company had started its capacity enhancement project, i.e. Line 4 (7000 tpd), at its existing plant site. The construction work is in progress at a satisfying pace, and approximately fourteen shipments of plant and machinery have arrived at the construction site to date.… Continue

Crescent Steel and Allied Products Limited have stated that during the nine months ended 31 March 2022 (9MFY22), the Company’s after-tax profit amounted to Rs 817.9 million compared to an after-tax profit Rs. 362.5 million in 9MFY21.

Earnings per share (EPS) for 9MFY22 was Rs.… Continue

MUGHAL has posted a NPAT of PKR0.8bn (EPS: PKR2.50) for 3QFY22, down 24% yoy and 54% qoq. This takes 9MFY22 NPAT to PKR4.4bn (EPS: PKR13.02), up 74% yoy. The 3Q result has come in substantially lower than our projected EPS of PKR4.31, where the major variance has emanated from (i) depressed local sales volume, and (ii) lower-than-expected gross margins.… Continue

On a consolidated basis, Lucky Cement Limited reported the profit after tax to date of PKR 26.53 billion of which PKR 5.81 billion is attributable to non-controlling interests for the nine months ended March 31, 2022. This translates into earnings per share (EPS) of PKR 64.07 / share as compared to PKR 56.36 / share reported during the same period last year.… Continue

MUGHAL is slated to announce its 3QFY22 result (28th Apr’22), where we expect the company to register NPAT of PkR1.7bn (EPS: PkR4.95) vs PkR1.1bn (EPS: PkR3.31) in 3QFY21. This will take 9MFY22 earnings to PkR5.1bn (EPS: PkR15.48) against PkR2.5bn (EPS: PkR7.47) in 9MFY21.… Continue

Lucky Cement Limited (LUCK) is scheduled to announce its 3QFY22 financial result on Apr 27th, 2022, whereby we expect the company to post a profit after tax (PAT) of PKR 4,654mn (EPS: PKR 14.39) compared to PKR 7,146mn (EPS: PKR 22.10) during the same period last year.… Continue

DG Khan Cement Company Limited (DGKC) announced the financial result for 3QFY22 today, posting a profit after tax (PAT) of PKR 1,442mn (EPS: PKR 3.29) compared to PKR 2,048mn (EPS: PKR 4.67) in SPLY, depicting a decline of 30% YoY. This took the 9MFY22 earnings to PKR 3,619mn (EPS: PKR 8.26) against PKR 2,848mn (EPS: PKR 6.50) last year.… Continue

International Steels Ltd (ISL) has posted NPAT of PKR1.1bn (EPS: PKR2.60) in 3QFY22, down a sharp c.30% qoq and c.50% yoy. This takes 9MFY22 EPS to PKR12.31, down c.22% yoy. The 3Q result has come broadly in line with our projected EPS of PKR2.70 higher-than-expected revenues have been offset by lower margins.… Continue

Maple Leaf Cement Factory Limited (MLCF) announced the financial result for 3QFY22 today, posting a consolidated Profit after Tax (PAT) of PKR 1,563mn (EPS: PKR 1.42) compared to PKR 1,223mn (EPS: PKR 1.11) in SPLY, up by 28% YoY / down by 19% QoQ.… Continue

ACPL is scheduled to announce its financial result for 3QFY22 on Apr 21st, 2022, whereby we expect the company to post a profit after tax of PKR 290mn (EPS: PKR 2.11), depicting a YoY dip of 30%.

During the quarter, revenue is expected to project an uptick of 9% YoY primarily owed to higher retention prices which should offset the impact of a 19% decline in offtake to 658k tons.… Continue

ASTL is slated to announce its 3QFY22 result (21st Apr’22), where we expect the company to record NPAT of PkR582mn (EPS: PkR1.96) vs NPAT of PkR503mn (EPS: PkR1.69) in 3QFY21. The expected earnings primarily emanate from: i) 63.6/8% YoY/QoQ growth in the topline largely on account of higher rebar prices (+9.2%QoQ).… Continue

Maple Leaf Cement Factory Limited (MLCF) will be holding its board meeting today to announce 9MFY22 result where we expect unconsolidated EPS of PkR3.2 for 9MFY22, down 36%YoY. Unconsolidated EPS for 3QFY22 is expected to stand at PkR1.02, down 75/39% YoY/QoQ.… Continue