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…
Maple Leaf Cement Factory to become the largest player in North
MLCF had signed a contract with Chengdu Design & Research Institute, China, to supply 7,000 metric tons a day (2.1mn tons p.a.) grey clinker line in late March last year,…
MLCF will be operating at an 85-90% capacity utilization
Arif Habib Limited (AHL) arranged a special session of MLCF with its clients and representatives of the investor community, for the company management to shed light on the changing dynamics…
Cement dispatches declined by 4.75 percent in February 2022
Cement dispatches declined by 4.75 percent in February 2022. Total Cement dispatches during February 2022 were 4.36 million tons against 4.57 million tons dispatched during the same month of last…
Pakistan recorded a growth of over ten percent in domestic cement dispatches in November 2021
According to the data released by All Pakistan Cement Manufacturers Association (APCMA), local cement dispatches by the industry during the month of November2021 were 4.124 million tons compared to 3.742…
Gharibwal Cement expanding its capacity in Pakistan
Gharibwal Cement Limited is implementing an expansion program to augment its capacity. Mr Shamail Javed, Chief Financial Officer (CFO) of the Company, disclosed it during a corporate briefing session of…
Fauji Cement Company plans Greenfield cement plant in DG Khan
Fauji Cement Company Limited (FCCL) has informed Pakistan Stock Exchange (PSX) that consequent to construction activity picking up and significant spend on infrastructure, expected to continue, the Company's board of…
Kohat Cement Company plans to set up cement plant in Punjab
Kohat Cement Company Ltd in Pakistan announced that Board of Directors of the Company in its meeting held today have approved, subject to all regulatory approvals, setting up of 7,800…
Lucky Cement announces capacity expansion of 3.15Mt
Lucky Cement announced to enhance its cement production capacity at its Pezu Plant by 3.15 million tons per annum, to keep pace with the increasing demand in the domestic cement…
Domestic cement dispatches grew by 15.42% during 2017-2018
Pakistan cement industry ended fiscal 2017-18 on a jubilant note, posting yearly growth of 13.84%; with domestic consumption increasing by 15.42% and exports inching up by 1.77% – first time in…