LUCK announces a 5 for 1 stock split
Lucky Cement Limited (PSX Symbol: LUCK) announced a 5 for 1 stock split through its notice to PSX on February 21, 2025. The said recommendation was made in its Board…
FPCCI supports the proposed tax incentives for the Real Estate Sector
Mr Atif Ikram Sheikh, President of FPCCI, has appreciated the proposed tax measures to facilitate the general public's investments in real estate and construction. The 4 percent tax rate on…
Cement dispatches saw an increase of 11.64% in Jan 2025
According to the data released by the All Pakistan Cement Manufacturers Association (APCMA), local cement despatches by the industry during January 2025 were 3.313 million tons compared to 2.967 million…
International Steels posts mixed results: IMS Research
ISL reported a 2QFY25 NPAT of PKR355mn (EPS: PKR0.82), doubling QoQ but a sharp 71% YoY decline. Cumulative NPAT for 1HFY25 plummeted to PKR534mn (EPS: PKR1.23), down 77% YoY. The…
Attock Cement Pakistan – Expected result preview 2QFY25
ACPL is anticipated to declare a profit after tax of PKR 154.8mn (EPS: PKR 1.127) in 2QFY25, reflecting a 150% QoQ increase. During the quarter, Sales are expected to reach…
APCMA: Domestic cement despatches declined by 4.76% during December 2024
According to the data released by the All Pakistan Cement Manufacturers Association (APCMA), local cement despatches by the industry during December 2024 were 3.370 million tons compared to 3.539 million…
Pakistan local cement dispatches set to dip 4% MoM in Dec-24
Pakistan's local cement dispatches will likely go down 10% YoY and 4% MoM to clock in at around 3.19 million tons in Dec-2024. Local cement dispatches are down year over…
The cement sector has delivered a return of 84.3% during CY24TD
The cement sector has delivered a return of 84.3% during CY24TD, outperforming the KSE100 index, which posted a 74.4% return during the same period. In FY24, the sector achieved an…
APCMA: Marginal increase in domestic cement despatches during November 2024
Cement despatches increased by 5.58% in November 2024. Total Cement despatches during November 2024 were 4.146 million tons against 3.927 Million Tons despatched during the same month of last fiscal…
Mughal Iron & Steel Industries planned BMR for next year aims to upgrade the existing re-rolling facility
Mughal Iron & Steel Industries Ltd (MUGHAL) held its analyst briefing earlier today to discuss FY24 financial results and future outlook: · Company achieved a record topline of PkR92.4bn in FY24,…
Kohat Cement is installing a new 10MW solar plant to supplement its existing 10MW solar capacity
Kohat Cement Company Limited (KOHC) held its corporate briefing today to discuss the financial results of FY24 & 1QFY25 and its future outlook. Key highlights of the briefing are as…
Lucky Cement is entering the copper and gold mining sector: IMS Research
LUCK held its corporate briefing today to discuss its operational and financial performance for 1QFY25. The company posted a consolidated NPAT of PKR19.8bn (EPS: PKR61.18), flat YoY, despite weaker domestic…
The outlook for cement exports from Afghanistan is positive, according to CHCC.
According to IMS Research, the CHCC held its corporate briefing session today to review its operational and financial performance for FY24. The company reported a consolidated EPS of PKR28.31 for…
Local cement despatches were almost flat during October 2024: APCMA
Total Cement despatches during October 2024 were 4.357 million tons, compared to 4.006 Million Tons despatched during the same month of last fiscal year, marking an increase of 8.74%. Healthy…
Pakistan local cement dispatches likely to be up by 3% MoM in Oct
Pakistan's local cement dispatches will likely increase by 3% Month over Month to 2.99mn tons in October 2024. Dispatches are anticipated to decline by 9% year over year. Our analysis…
Mughal Iron & Steel Industries upgrades its re-rolling mill
Mughal Iron & Steel Industries Ltd. (MUGHAL) reported a consolidated NLAT of PKR24mn (LPS: PKR0.07) for 1QFY25, compared to an NPAT of PKR515mn SPLY. While results exceeded expectations due to…
FCCl posts highest-ever quarterly earnings of PkR3.2bn in 1QFY25
Fauji Cement Company Ltd. (FCCL) announced its 1QFY25 financial results, reporting its highest-ever quarterly earnings of PkR3.2bn (EPS: PkR1.3), compared to PkR2.6bn (EPS: PkR1.1) in SPLY. The 24%YoY earnings growth…
Lucky Cement commissions 28.8 MW wind power plant at the Karachi Plant
Pakistan’s leading cement producer, Lucky Cement Ltd, announced today that it had informed the Pakistan Stock Exchange of the successful completion and commissioning of a 28.8 MW captive wind power…
Lucky Cement wins top honors at 2024 best corporate report awards
Lucky Cement Limited, Pakistan’s leading cement manufacturer, secured 1st position at the prestigious Best Corporate Report (BCR) Awards 2024, organized by the Institute of Cost and Management Accountants of Pakistan…
Local cement despatches continue to shrink at -18%
Due to increased cement prices due to irrational taxation and low demand, local despatches were further reduced by 18% and now stand at the level of 2017. Cement despatches declined…
Pakistan’s Cement sector is likely to see local cement dispatches plunge by 20% YoY in in September 2024
Pakistan's local cement dispatches are likely to be down 20% year over year and up 3% Month over month, clocking in at around 2.83 million tons in September 2024. Local…
Amreli Steels gross margins turn negative in 4QFY24
Amreli Steels Limited (ASTL) posted NLAT of PKR4.8Bn (LPS: PKR16.18) for 4QFY24, 4.9x and 6.2x the losses in QoQ and YoY respectively. The result was much lower than our estimate,…
In FY24, MUGHAL posted a profit of Rs2.0bn, a 43% decline YoY
MUGHAL announced its 4QFY24 recently, where the company recorded an unconsolidated profit of Rs608mn (EPS of Rs1.81), a 27% decline year over year. The result came in-line with expectations in…
Thatta Cement installing 3.5MW solar panels and a 4.8MW windmill to reduce reliance on the national grid.
Thatta Cement Company Limited (THCCL) - Sharply Improving Fundamentals; BUY with a PkR 133.6/sh target. We initiate Thatta Cement Company Limited (THCCL) coverage with a BUY rating. Our Jun 25…
Pioneer Cement announced a final cash dividend of PkR10/sh in FY24
Pioneer Cement Limited (PIOC) announced its FY24 financial results, posting earnings of PkR5.2bn (EPS: PkR22.8) for the year, compared to PkR2.6bn (EPS: PkR11.5) in the previous year, largely in line…