The Track & Trace System (TTS) in the Cement Sector
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…
Cement dispatches declined by 28.6 percent in April 2022, APCMA urges govt support
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…
Pioneer Cement has posted a NPAT of PKR485mn
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…
Maple Leaf Cement expansion project advancing at a good speed
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…
Crescent Steel’s profit and EPS increased in 9MFY22
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…
A review of Mughal Iron & Steel performance in QFY22
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…
Lucky Cement announces the consolidated earnings of PKR 26.53 billion for 9MFY22
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…
MUGHAL – earnings to clock in at 4.95/sh:
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…
LUCK: Company to post earnings of PKR 14.39/share during 3QFY22
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…
D.G. Khan Cement Company announced its 3QFY22 financial results
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:…
Pakistan’s leather industry exports revenues maintained double-digit growth in 9MFY22
Pakistan's leather industry exports revenues maintained double-digit growth during the first nine months of FY22 (July – March 2022). The leather industry export revenue has surged to US$735.099 million in…
International Steels plans backward integration into an HRC plant
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.…
Maple Leaf Cement reports consolidated PAT of PKR 1,563mn 3QFY22 today
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…
ACPL is scheduled to announce its financial result for 3QFY22 on Apr 21st
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…
ASTL likely to announce its 3QFY22 result on April 21 – higher rebar prices impact positively
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.…
Maple Leaf Cement to announce 9MFY22 result today – increased energy prices may impact it
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…
MLCF to announce its financial result for 3QFY22 on Apr 19
MLCF is scheduled to announce its financial result for 3QFY22 on Apr 19th, 2022, whereby we expect the company to post a profit after tax of PKR 1,99mn (EPS: PKR…
Higher coal prices, slowdown in demands may impact cement industry profitability in FY23
Cement dispatches have shown a slowdown recently amid rising construction costs, lower development budget and higher freight costs, as 9MFY22 transmissions were down 6%. Hence, experts believe political noise, economic…
Pakistan: Cement dispatches declined by 6.25 percent in March 2022
Cement dispatches declined by 6.25 percent in March 2022. Total Cement dispatches during March 2022 were 5.04 million tons against 5.37 Million Tons dispatched during the same month of last…
Engro Energy & Agha Steel join hands to further Renewable Energy transition
Agha Steel Industries, a leading Steel manufacturing company has signed a term sheet with Engro Energy Limited for providing Renewable Energy to Agha Steel from its Renewable Energy Park, which…
Cement dispatches likely to grow in Pakistan during March 2022 MoM
Pakistan cement sales are anticipated to grow by 10% MoM to 4.8mn tons with local dispatches likely to increase by 13% MoM which is due to seasonality amid resumption in…
Lucky Cement announces 34 MW Solar Power Project and 5.589 MWh Reflex Energy Storage
•The project was announced in partnership with Reon Energy Pakistan's leading Solar and Storage Solutions Specialist •The project is set to be installed at Lucky Cement's Pezu plant in Khyber…
Flying Cement gets a long-term mining lease
Flying Cement Company Limited (FLYNG) has informed Pakistan Stock Exchange (PSX) today that the Directorate General of Mines & Minerals (Punjab) has granted the Company a long-term mining lease for…
Lucky Electric Power Company completed commissioning of its 660 MW coal plant
Lucky Cement Limited (LUCK) has informed Pakistan Stock Exchange (PSX) today that Lucky Electric Power Company Limited (LEPCL), a wholly-owned subsidiary of Lucky Cement Limited (the Company), has completed commissioning…
Two steel players – ASTL and MUGHAL promising decent earnings CAGR
Amreli Steel Ltd (ASTL) and Mughal Iron & Steel Industries Ltd (MUGHAL) with new DCF based June 2023 TP of PKR44/sh and PKR 131/sh, respectively. Experts have updated their estimates…