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 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…
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…
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 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…
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 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 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,…
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 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 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…
PIOC is anticipated to declare a profit after tax of PKR 1,162mn (EPS: PKR 5.12) in 4QFY24, reflecting a decline of 3% QoQ. Furthermore, FY24 earnings are predicted to reach…
Sri Lanka's slash duty on cement may boost exports from Pakistan. CemNet of the UK reported this. To facilitate uninterrupted imported cement and boost the construction industry, the Sri Lankan…
Maple Leaf Cement Factory Limited | MLCF – Result Preview 4QFY24 MLCF is anticipated to declare a profit after tax of PKR 1,289mn (EPS: PKR 1.20) in 4QFY24, reflecting an…
The unprecedented and extremely high tax measures, leading to a huge increase in cement prices, have led to a steep decline in cement demand. Cement despatches declined by 25.68% in…
KOHC is anticipated to declare a profit after tax of PKR 2,164mn (EPS: PKR 10.77) in 4QFY24, reflecting a 5% QoQ increase. Furthermore, FY24 earnings are predicted to reach PKR…
Fauji Cement Co Ltd posted its financial results for 4QFY24 and FY24 on the Pakistan Stock Exchange’s website on 27 August 2024. The company earned a profit after tax of…
BMA Research has released tentative cement dispatch data for August 2024. Experts believe local cement dispatches will decline by 32 per cent annually. The All Pakistan Manufacturers Association (APCMA) has…
Crescent Steel and Allied Products Limited (CSAP), established in 1987, primarily produces coated steel line pipes and cotton yarn. The company’s cotton spinning division has an installed capacity of 19,680…
International Steels Limited (ISL) announced its financial results for 4QFY24 today. The company recorded earnings of PkR 0.59bn (EPS of PkR 1.37) vs. PkR 1.94bn (EPS of PkR 4.46) in…
Attock Cement Pakistan Ltd has informed Pakistan Stock Exchange Limited (PSX) further to the company’s intimations dated April 28, 2023, and June 21, 2023, regarding the Agreement for the sale…
Pakistan's steel industry continues to face demand challenges amid high finance costs. A local research house, IMS Research, has studied the main players in the steel industry and estimated incoming…
§ In a major development today, Punjab-based manufacturers have obtained a stay order from the court against the imposition of 6% of the ex-factory cement/clinker price as royalty on Limestone…
Lucky Cement Ltd. (LUCK) reported its highest-ever quarterly standalone earnings of PkR9.5bn (EPS: PkR32.3), taking full-year standalone earnings to PkR28.1bn (EPS: PkR95.9) - also the highest-ever. The result exceeded our…
LUCK anticipates declaring a profit after tax of PKR 6,158mn (EPS: PKR 20.10) in 4QFY24, reflecting a 138% QoQ increase. Furthermore, the earnings for FY24 are predicted to reach PKR…
