Lucky Cement to invest Rs 11bn in power projects.
In a notice to the exchange today, Lucky Cement (LUCK) announced that, during its emergent board meeting held on September 6, 2023, it had decided to invest in renewable power…
Amreli Steels incurs losses due to high taxes and finance costs in4QFY23
Amreli Steels Limited announced its 4QFY23 results, where the company posted a LAT of PkR969mn (LPS: PkR3.26), marking a 304% decrease when compared to a PAT of PkR476mn (EPS: PkR1.60)…
Maple Leaf Cement Factory Limited announced the financial result for FY23 today
Maple Leaf Cement Factory Limited (MLCF) announced the financial result for FY23 today, posting a profit after tax (PAT) of PKR 5,771mn (EPS: PKR 5.38) compared to PKR 4,553mn (EPS:…
Pakistan cement dispatches increased by 37.04% during August 2023
Cement dispatches increased by 37.04% in August 2023. Total Cement dispatches during Aug 2023 were 4.518 million tons against 3.297 million Tons dispatched during the same month of last fiscal…
Fauji Cement Company posted earnings of PkR 470mn in 4QFY23
Fauji Cement Company Limited (FCCL) announced its 4QFY23 result today, where the company posted earnings of PkR470mn (EPS: PkR0.2) compared to PAT of PkR1.9bn (EPS: PkR0.8), a decline of 75%QoQ.…
ISL also declared a final cash dividend of Rs2.5/share
International Steels Limited (ISL) announced its financial results for 4QFY23 wherein company recorded earnings of Rs1.9bn (EPS of Rs4.46) vs Rs57mn (EPS of Rs0.13) in 4QFY22. This takes full-year FY23…
Lucky Cement achieved another milestone for renewable energy.
Lucky Cement informed the Pakistan Stock Exchange (PSX) on 21st August 2023 about the successful completion and commissioning of our 25 MW captive solar power plant located at its manufacturing…
MUGHAL to release its 4QFY23 earnings soon
MUGHAL is scheduled to release its 4QFY23 earnings sometime in August, where the company is expected to post a PAT of PkR597mn (EPS: PkR1.78) vs. PkR1.30bn (EPS: PkR3.89), falling by…
LUCK announced a dividend after 3 years of PkR18.0sh
Lucky Cement Limited (LUCK) has posted its FY23 results, surprising the market with a cash dividend of PkR18.0/sh. In 4QFY23, the company reported unconsolidated earnings of PkR2.6bn (EPS: PkR8.3), marking…
Pakistan started the New Year with massive growth in cement dispatches in July 2023.
Pakistan recorded a massive growth of 57.44 per cent in cement dispatches in July 2023, when total cement dispatches made a figure of 3.212 Mt against 2.040 Mt dispatched during…
Lucky Cement receives the KCCI Export Trophy.
Lucky Cement Limited, Pakistan's leading producer and exporter of cement, received the KCCI Export Trophy Awards for its outstanding achievements in the international market. Mr Muhammad Ali Tabba, the CEO…
Pakistan cement despatches declined by 22.80% during Jun-23, dropping to 15.71% YOY.
All Pakistan Cement Manufacturers Association Cement (APCMA) have released dispatch data for June and July - June 2023. It showed a decline of 22.80% in Jun-23 when total Cement despatches…
Agha Steel to supply their cutting-edge Green G80 Ultra High Strength Rebars.
Agha Steel Industries, a prominent name in the steel manufacturing sector, has recently collaborated with Mount Khalid to supply their cutting-edge Green G80 Ultra High Strength Rebars. This partnership marks…
APCMA reports a 19.41% increase in cement despatches during May 2023.
Cement despatches increased by 19.41% in May 2023. Total Cement despatches during May 2023 were 3.966 million tons against 3.321 Million Tons despatched during the same month of last fiscal…
Agha Steel Introduces Game-Changing Green Grade 80 Steel Rebars bringing a revolution in the construction industry.
Agha Steel, Pakistan's leading steel manufacturer, proudly announces the launch of Agha Arcon Eco-Friendly Grade 80 Steel Rebars, a game-changing innovation to transform the construction industry. This groundbreaking product showcases…
Lucky Cement announces expansion of clinker production capacity in Iraq.
Pakistan's leading cement manufacturer Lucky Cement Limited is pleased to announce its strategic move to enhance clinker production capacity in Iraq. In line with the increasing demand for cement in…
Pakistan Cement’s dispatches remained dampened in Apr’23, down 17.5%YoY
· Domestic cement dispatches for April'23 clocked in at 2.53mn tons, down 24.6%/25.1% MoM/YoY. Region-wise, North offtakes decreased by 22.5%/24.8% MoM/YoY to settle at 2.11mn tons. Likewise, volumes for the…
Cement despatches declined by 16.55% during April 2023 due to the season break in construction works.
Cement despatches declined by 16.55% in April 2023. Total Cement despatches during April 2023 were 2.951 million tons against 3.536 Million Tons despatched during the same month of last fiscal…
Lucky Cement continues to break profitability records and announces a 2nd Share Buyback
Continuing its remarkable legacy of surpassing one milestone after another, on a consolidated basis, Lucky Cement Limited achieved its highest ever profit after tax of PKR 48.5 billion for the…
Lucky Cement to buy back its shares starting from June at markets prices
The Board of Directors of Lucky Cement Limited, in its meeting held on April 28, 2023, has approved and decided to recommend to the members of the Company for their…
Ramzan, an extended Eid break and an economic slowdown affected cement sales in April.
Pakistan's total cement sales in Apr-2023 are expected to fall by 25-29% MoM to clock in at 2.7-2.9mn tons, with local dispatches likely to be down by 28-32% MoM due…
MUGHAL – 3QFY23 result review – Earnings up 170%QoQ
Mughal Iron & Steel Industries Ltd (MUGHAL) reported its 3QFY23 earnings earlier today, wherein the company posted Profit After Tax (PAT) of PkR1.30bn (EPS: PkR3.89) for the quarter, higher by…
MUGHAL is scheduled to announce its 3QFY23 result on Monday
MUGHAL is scheduled to announce its 3QFY23 result on Monday, where we expect the company to record NPAT of PkR1.66bn (EPS: PkR4.95), up 2.5x/98% QoQ/YoY. It is worth noting that…
Kohat Cement Company announced the financial result for 3QFY23 today
Kohat Cement Company Limited (KOHC) announced the financial result for 3QFY23 today, posting a profit after tax (PAT) of PKR 1,624mn (EPS: PKR 8.08) compared to PKR 1,646mn (EPS: PKR…
International Steels has posted an impressive result in 3QFY23
International Steels Ltd (ISL) has posted NPAT of PKR1.5bn (EPS: PKR3.48) in 3QFY23 compared to NLAT of PKR388mn (LPS: PKR0.89) in 2QFY23. The result came in much higher than our…