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…
Pakistan's cement industry recorded a 6.81% decline in dispatches in July 2024. Total Cement despatches during July 2024 were 3.010 million tons, compared to 3.230 Million Tons despatched during the…
In a notice circulated by the Government of Punjab, dated August 01, 2024, rates of royalty on raw material for cement manufacturers have been determined at 6% of the ex-factory…
We initiate International Steels Limited (ISL) coverage with a BUY rating. Our Jun 25 target price for the stock stands at PkR 134/sh, offering a potential upside of 52% along…
Dealers in Pakistan are planning to go on strike, which may significantly impact the sales and distribution of cement in Pakistan. The strike is in response to negative Federal Budget…
Mughal is focusing on cost efficiencies, such as installing a non-ferrous recycling plant and investing in a coal-based power plant, which will not only provide cheap electricity but also reduce the tax rate.
Khalid Tawab, Chairman of the Iron & Steel Merchants Association, warned that the Pakistani economy is at risk and industries are on the verge of collapse due to uncompetitiveness with…
Chairman of FPCCI Advisory Board and National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain said on Monday…
Cement despatches declined by 12.58% in June 2024. Total Cement despatches during June 2024 were 3.552 million tons against 4.063 Million Tons despatched during the same month of last fiscal…
