Total cement sales likely to increase by 1-3% YoY in FY 2024
Pakistan's local cement dispatches will likely be down 19-21% YoY and 16-18% MoM to clock in at around 2.78mn tons in June 2024. Local cement dispatches on a YoY basis…
Pakistan’s cement sector faced significant challenges in FY24.
The cement industry in Pakistan faced significant challenges in FY24, as reported by the central bank. The financial year data represents ten months. The State Bank of Pakistan (SBP) released…
Pakistan’s cement industry saw its cement despatches increase by 7.83% during May 2024
Cement despatches increased by 7.83% in May 2024. Total Cement despatches during May 2024 were 4.275 million tons against 3.965 Million Tons despatched during the same month of last fiscal…
DGKC exported 400k tons of clinker to Bangladesh, Sri Lanka, and the Middle East – looking new export destinations.
BMA Capital organised a webinar with the CFO of DG Khan Cement Company (DGKC), Mr Inayat Ullah Niazi. The webinar focused on the company’s financial performance and its outlook. The…
MUGHAL strategically plans to install a 36.5 MW coal plant
Mughal Iron & Steel Industries Ltd (MUGHAL) – Key Takeaways At the Topline Pakistan Mid Cap Call Conference 2024 second session on Mughal Steels Limited (MUGHAL), the key speakers were…
APCMA yet to post dispatches data, the market believes exports to hit 44-month high
The cement data for the upcoming month of May’24 is expected to reveal a significant rise of 1.4% YoY in dispatches, settling at 4.0mn tons. This projection, when compared to…
Pakistan to continue anti-dumping duty of 19.15% on imports of steel rebars from China.
In a notice recently, the National Tariff Commission (NTC) announced that it has decided to continue the anti-dumping duty of 19.15% on imports of steel rebars from China. The decision is…
Pakistan posts cement dispatches marginally declined by 0.29% during April 2024
Cement dispatches slightly declined in April 2024. Total Cement dispatches during April 2024 were 2.943 million tons, compared to 2.951 Million Tons dispatched during the last fiscal year. According to…
Cement industry shows concerns over the deteriorating law and order situation
All Pakistan Cement Manufacturers Association (APCMA) has expressed serious concerns about the deteriorating law and order situation, which is threatening their heavy investments. "The law and order situation in Dera…
MUGHAL has posted 3QFY24 NPAT of PKR103mn
MUGHAL has posted 3QFY24 NPAT of PKR103mn (EPS: PKR0.31), down 92% YoY and 87% QoQ. The result was significantly lower than our expected EPS of PKR 1.85, where the deviation…
Cement Sector demands tax credits on track and trace investments
The All Pakistan Cement Manufacturers' Association (APCMA) welcomes the recent statement by the Honorable Prime Minister of Pakistan on the implementation of the track and trace system by the Federal…
Amreli Steels reports a NLAT of PKR666mn (LPS: PKR2.24)
Amreli Steels Limited (ASTL) reported an NLAT of PKR666mn (LPS: PKR2.24) in 3QFY24, compared to PKR462mn (LPS: PKR1.55) in the previous quarter. Due to lower-than-expected gross margins, the result was…
DGKC’s 3QFY24E earnings are expected to clock in at PkR1.49/sh
The board of DGKC will announce its 3QFY24E result on Friday. We expect the company to post a PAT of PkR653mn (EPS: PkR1.49) compared to earnings of PkR403mn (EPS: PkR0.92)…
FCCL—3QFY24E earnings expected at PkR0.73/sh:
FCCL is expected to announce its 3QFY24E results on Apr 23rd, wherein we expect the company to post NPAT of PkR1.8bn (EPS: PkR0.73) vs. earnings of PkR2.7bn (EPS: PkR1.1) in…
Cement sector saw the KSE-100 push further into unchartered territory
According to Arif Habib Ltd Sales, today's strong moves in the cement sector saw the KSE-100 push further into unchartered territory. 67 stocks rose while 24 fell, with ENGRO PA…
Power Cement exports cement to the USA.
Pakistan cement producer and exporter - Power Cement Ltd has dispatched its first shipment to the USA. This shipment follows the start of exports to Europe. On 27 December 2023,…
Pakistan saw cement dispatches increase by 3.85% during Mar 2024
Cement dispatches increased by 3.85% in Mar 2024. Total Cement dispatches during Mar 2024 were 3.941 million tons against 3.795 Million Tons dispatched during the same month of last fiscal…
Pakistan recorded a decline in cement dispatches by 19.22 % during February 2024
Cement dispatches declined by 19.22 % in February 2024. Total Cement dispatches during February 2024 were 3.259 million tons against 4.035 Million Tons dispatched during the same month of last…
Kohat Cement Factory is fast pacing for a Greenfield cement project.
The Kohat Cement Factory's net profit after tax jumped by 19 per cent to PKR4.45bn during 1HFY24. However, local dispatches fell by 8.05 per cent to 1.418Mt, but exports swelled…
Amreli Steels saw higher-than-expected finance costs in 2QFY24
Amreli Steels Limited (ASTL) reported a NLAT of PKR462mn (LPS: PKR1.55) in 2QFY24, compared to an NLAT of PKR173mn (LPS: PKR0.58) in the previous quarter. The result was worse than…
Mughal Iron & Steel’s revenue remains robust.
According to IMS Research, Mughal Iron & Steel (MUGHAL) has posted 2QFY24 NPAT of PKR773mn (EPS: PKR2.30), up 64% YoY and 50% QoQ. The result was significantly higher than the…
Maple Leaf Cement Factory’s distribution costs rose due to axle load implementation in 1HFY24
Maple Leaf Cement (MLCF) has posted a consolidated NPAT of PKR2.2bn (EPS: PKR 2.09) for 2QFY24, up 38% QoQ but down 23% YoY. The reported EPS is slightly higher than…
Cherat Cement Company posted highest ever quarterly earnings of PkR1.9bn in 2QFY24
Cherat Cement Company Limited (CHCC) announced their 2QFY24 result, where the company posted highest ever quarterly earnings of PkR1.9bn (EPS: PkR9.6) vs. PAT of PkR1.5bn (EPS: PkR7.9) in the quarter…
Pakistan records declines in cement despatches by 14.79% during January 2024
Cement despatches declined by 14.79% in January 2024. Total Cement despatches during January 2024 were 3.414 million tons against 4.006 million Tons despatched during the same month of last fiscal…
International Steels will set up the 6.4 MW Solar Power Project in Karachi.
International Steels Limited informed the Pakistan Stock Exchange (PSX) on January 29 that the Company's Board of Directors has approved undertaking a 6.4 MW Solar Power Project at its Karachi…