· 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% 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…
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…
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…
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 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, 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 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 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…
· Most of the manufacturing sector witnessed significant slowdowns in the first half of FY23, mainly due to sharp currency depreciation (inducing higher RM prices & exchange losses), supply chain…
Cement despatches declined by 24.19% in Mar-2023. Total Cement despatches during Mar-2023 were 3.795 million tons against 5.006 million tons despatched during the same month of last fiscal year. According…
Lucky Cement Limited announced that it had won the NFEH's 15th Corporate Social Responsibilities Awards 2023 in the "Green Energy Initiatives" category. This award recognises the company's unwavering commitment to…
In collaboration with The Citizen Foundation, Lucky Cement Limited has completed the state-of-the-art school near our Pezu plant premises. The “Abdul Razzak Tabba Block Lucky Cement Limited Pezu Campus-I” will…
Cement despatches declined by 7.10% in Feb 2023. Total Cement despatches during Feb 2023 were 4.040 million tons against 4.348 million Tons despatched during the same month of last fiscal…
Agha Steel Industries Limited (AGHA) announced the financial result for 2QFY23 today whereby earnings arrived at PKR 249mn (EPS: PKR 0.41) against PKR 619mn (EPS: PKR 1.02) last year, down…
MUGHAL is scheduled to announce its 2QFY23 result on Monday, where we expect the company to record NPAT of PkR812mn (EPS: PkR2.42), down by 7%QoQ vs NPAT of PkR872mn (EPS:…
Cement despatches increased by 1.15%in January 2023. Total Cement despatches during January 2023 were 4.005 Million tons against 3.960 Million Tons despatched during the same month of last fiscal year.…
Pakistan's cement industry sales in Jan-2023 is likely to clock in at 3.6-3.8mn tons, down 5-9% YoY. However, the same is alkely to decline by 3-7% MoM. § Local sales…
Lucky Cement Limited announced its 2QFY23 result with a PAT of PKR11.391bn (EPS: 35.23), up by 64%QoQ, against PKR6.933bn (EPS: 21.44) in the last quarter. This takes 1HFY23 earnings to…
Sindh Engro Coal Mining Company (SECMC) and Power Cement has signed a memorandum of understanding (MOU) for a trial run of Thar coal for cement production in their manufacturing unit.…
Cherat Cement Company Limited (CHCC) is expected to announce 2QFY23 results sometime in late Jan/early Feb'23. We expect the unconsolidated EPS for the quarter to clock in at PkR9.3, up…
Maple Leaf Cement Factory Limited (MLCF) is expected to announce 2QFY23 results sometime in late Jan/early Feb'23, where we expect the unconsolidated EPS for the quarter to clock in at…
· Even with the winter season beginning to settle (seasonal construction slowdown), scrap has rallied 22% from lows of US$340/ton in Nov'22, to currently hover around ~US$418/ton compared to FYTD/…
According to the data released by All Pakistan Cement Manufacturers Association, total cement despatches (domestic and exports) were 21.764 million tons during the first six months of current fiscal year,…
· International scrap prices have shown major weakness since peaking in mid-April'22, declining by 39% since then, to currently hover around ~US$385/ton compared to FYTD/ CYTD avg. of US$373/447/ton ·…
