· 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/…
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, declining by 39% since then, to currently hover around ~US$385/ton compared to FYTD/ CYTD avg. of US$373/447/ton ·…
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…
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…
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…
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…
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 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 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…
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 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 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 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 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 (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 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…
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…
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 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…
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…
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…
ISL held its Analyst Briefing Session yesterday to discuss the recent financial performance, also painting a lackluster outlook for FY23 amid monsoon flooding. To recall, ISL posted a dull EPS…
Lucky Cement Limited has won the Best Corporate Report Award in the Cement Sector Category at the "Best Corporate & Sustainability Report Awards 2021." The recognition was jointly announced by…
Pakistan cement sales are expected to increase by 22-26% MoM to 4.0-4.2mn tons with local dispatches likely to be jump 20-24% MoM mainly due to (1) higher working days in…
