Power cement to use local Thar coal
Sindh Engro Coal Mining Company (SECMC) and Power Cement has signed a memorandum of understanding (MOU) for a trial run of Thar coal for cement production in their manufacturing unit.…
Cherat Cement Company Limited (CHCC) is expected to announce 2QFY23 results.
Cherat Cement Company Limited (CHCC) is expected to announce 2QFY23 results sometime in late Jan/early Feb'23. We expect the unconsolidated EPS for the quarter to clock in at PkR9.3, up…
Maple Leaf Cement Factory is expected to announce 2QFY23 soon.
Maple Leaf Cement Factory Limited (MLCF) is expected to announce 2QFY23 results sometime in late Jan/early Feb'23, where we expect the unconsolidated EPS for the quarter to clock in at…
Pakistan Steel: Scrap prices recover; domestic rebar continues to rise
· Even with the winter season beginning to settle (seasonal construction slowdown), scrap has rallied 22% from lows of US$340/ton in Nov'22, to currently hover around ~US$418/ton compared to FYTD/…
Pakistan records a decline of 21% in cement despatches between July and Dec-22
According to the data released by All Pakistan Cement Manufacturers Association, total cement despatches (domestic and exports) were 21.764 million tons during the first six months of current fiscal year,…
International scrap prices have shown major weakness since peaking in mid-April’22
· International scrap prices have shown major weakness since peaking in mid-April'22, declining by 39% since then, to currently hover around ~US$385/ton compared to FYTD/ CYTD avg. of US$373/447/ton ·…
Cement dispatches declined by 16.82% during November 22 in Pakistan
All Pakistan Cement Manufacturers Association Cement (APCMA) has released the cement dispatches date for November 2022. The dispatches declined by 16.82% during November 22. Total Cement dispatches during November 22…
AGHA Steel as a pilot project installed a 2MW solar power plant and another 3MW will be installed next year.
The management of AGHA held an analyst briefing today to discuss the recent financial performance and give an outlook of the company going forward. Below are the key takeaways. Brief…
MUGHAL posts PAT of PkR5.4bn (EPS: PkR16.12) for FY22
To recall, company posted consolidated PAT of PkR5.4bn (EPS: PkR16.12) for FY22 against PAT of PkR3.4bn (EPS: PkR10.22) SPLY, up 58% YoY. The main markets of the company are domestic…
Increase in scrap prices & other input costs hurting steel industry
Amreli Steels Limited (ASTL) held its analyst briefing earlier today, wherein the following was discussed: · To recall, the company posted PAT of PkR1.3bn (EPS: PkR4.46) for FY22, lower by…
The Line 4 of Maple Leaf Cement begins production in Punjab
Maple Leaf Cement Factory Limited (MLCF) has informed Pakistan Stock Exchange (PSX) that an additional dry process clinker production line of 7,000tpd grey clinker, a brownfield expansion at the Company's…
Pioneer Cement net sales have increased by 34% YoY 1QFY23
Pioneer Cement Ltd (PIOC) has posted NPAT of PKR0.6mn (EPS: PKR2.58) for 1QFY23 up 22% YoY, higher than our estimated NPAT of PKR0.5bn (EPS: PKR2.12). A higher-than-expected top line led…
Agha Steel Industries’ profitability impact due to costly domestic scrap
Agha Steel Industries Limited (AGHA) announced the financial result for 1QFY23 today, whereby earnings arrived at PKR 153mn (EPS: PKR 0.25) against PKR 558mn (EPS: PKR 0.92) last year, down…
Lucky Cement announces consolidated earnings of PKR 6.93 billion 1QFY23
On a consolidated basis, Lucky Cement Limited has reported a profit after tax of PKR 6.9 billion, for Q1 FY23, of which PKR 1.5 billion is attributed to non-controlling interests. The resultant…
Lucky Cement’s brownfield cement expansion of 3.15mn tons at Pezu remains on track to achieve COD by Dec’22.
Lucky Cement Limited (LUCK) announced the financial result for 1QFY23 today whereby unconsolidated earnings arrived at PKR 3,852mn (EPS: PKR 11.91) against PKR 3,284mn (EPS: PKR 10.15) last year and…
Kohat Cement Limited: 1QFY23 EPS @ PKR 8.89
Kohat Cement Company Limited (KOHC) announced the financial result for 1QFY23 today whereby earnings arrived at PKR 1,785mn (EPS: PKR 8.89) against PKR 1,398mn (EPS: PKR 6.96) last year and…
D.G.Khan Cement Company earning down by 57% YoY in 1QFY23
D.G. Khan Cement Company Limited (DGKC) announced the financial result for 1QFY23 whereby earnings arrived at PKR 389mn (EPS: PKR 0.89) against PKR 908mn (EPS: PKR 2.07) last year, down…
Attock Cement bottom-line declined by 57% YoY during the 1QFY23
Attock Cement Pakistan Limited (ACPL) announced the financial result for 1QFY23 today whereby earnings arrived at PKR 116mn (EPS: PKR 0.84) against PKR 271mn (EPS: PKR 1.97) last year and…
DG Khan Cement finance cost has increased in 1QFY23
DG Khan Cement (DGKC) has posted an unconsolidated profit of PKR389mn (EPS: PKR0.89) in 1QFY23, down 57% YoY. This came in lower than our expected EPS of PKR1.44, where the…
Amreli Steels financial results for 1QFY23 impacted due to super tax.
Amreli Steels Limited (FCCL) announced the financial result for 1QFY23 today whereby earnings arrived at PKR 204mn (EPS: PKR 0.69) against PKR 702mn (EPS: PKR 2.36) last year, down by…
FCCL, has registered decent margins and profitability post amalgamation of Askari Cement.
Fauji Cement Company Ltd (FCCL) has posted NPAT of PKR2.3bn for 1QFY23 (EPS: PKR0.94), up 70% YoY but down 24% QoQ. The result came in much higher than our estimated…
Pakistan Steel 1QFY23 result previews: Lower demand and inventory losses to dent profitability
IMS Steel Universe is expected to post cumulative NPAT of c.PKR1.6bn in 1QFY23, down 55% QoQ (-82% YoY), amid lower margins, inventory & exchange losses, and elevated finance cost. We…
Bestway Cement lights up its Kiln in Punjab today
Bestway Cement Limited, Pakistan's 2 nd largest cement manufacturer with an annual production capacity of 10.8 million tonnes achieved another milestone today. Early morning on 20 th October the Company…
Two new cement lines formally start operations in Pakistan
Pakistan Cement Industry has received good news today. Company Secretary of Bestway Cement Limited Hassan Niazi has informed Pakistan Stock Exchange (PSX) that the Company has achieved a major milestone…
Cement dispatches declined by 6.83 per cent during September 2022: APCMA
According to the data released by the All Pakistan Cement Manufacturers Association, cement dispatches declined by 6.83 percent in September 2022. Total Cement dispatches during September 2022 were 4.276 million…