Cement

Gross profit of the company plunged over 75% to Rs392m compared to Rs1.6bn in the second quarter of FY1

Decline in earnings driven by lower margins, high finance cost

Sales in southern region of country were lower than exports

Benchmark index decreases 54.33 points to settle at 42,506.94

Plant has capacity to produce 2.4m tons of clinker per annum

Association official expects demand to reach 49m tons in FY20

Demand rises to 4.98m tons against 4.56m tons last year

Exports, however, post healthy increase of 12.7%

Sales plunge because majority of cement dealers are unregistered

Warn failure to comply can put their business models at risk

Cement industry contributed Rs110 billion to the national exchequer in the last fiscal year

Producers reduce prices by around Rs150 per bag

Lahore loses its living colour as trees and birds make way for concrete jungle

The company reported net sales of Rs35 billion in Jan-Mar 2019

However, cement demand falls due to reduction in development spending by govt

Total sales decline 6.7% to 4.34 million tons in March 2019

Rains and halt to govt spending on PSDP major concerns for industry

Profit declines 20% to Rs596m for second quarter ended Dec 31, 2018

Rise comes on back of robust revenues due to new production line

Dip raises concerns for producers with huge production capacities

Exports, however, surge 48% compared to 3.94% growth last year

Ministry asks govt not to intervene and let market forces determine prices

CJP warns of strict actions if any criminality found

Consumption pattern in northern and southern parts highlights contrast in demand

PM adviser on commerce says demand will come from housing scheme, dam construction

Fall comes due to elevated production cost, high base effect

Inquiry carried out on apex court's directives

Demand bounces back led by continued buoyancy in exports

Company earns Rs8.9b, declares final cash dividend of Rs4.25

It marks first decline in domestic consumption in past three years

Exports remain on recovery path with 9% increase

CPEC, PSDP and private housing schemes cause a surge in demand

June witnesses lower numbers for south-based players

DG Khan Cement and Bestway deposit Rs2b; ruling seen as positive

Cement exports surged to 0.47 million tons, 81.4 per cent higher than the exports in comparison to last year

Higher coal prices meant earnings were subdued during July-March

Company announces cash dividend of Rs1 per share

Exports started improving in February 2018 and have continued to improve in March 2018

High coal prices, rupee devaluation also behind price hike

Companies decide to pass on impact of expensive coal

Index closes 250 points lower amid foreign capital outflows

Facility, built in Hub, will produce 1.2m tons per annum

Growing pressure to regulate cement industry in the wake of protests against environmental degradation

Exports suffer decline as APCMA blames govt’s lax attitude

Support comes from high domestic demand; exports remain unimpressive

Earnings per share reduced to Rs1.84 from Rs3.09

Domestic demand due to robust construction activities responsible for the increase

Company declares Rs1.75 per share cash dividend for 4th quarter

Company also announces Rs3.5 per share cash dividend

Positive figures revive hopes after poor performance in previous month