Cement

Result is disappointing as analysts expected the company to post profit

May not result in major price war since demand in south is increasing

Domestic sales, however, increase 11% in May 2017

The construction industry continues to grow on the back of increased infrastructure activitie

Domestic demand continues to drive surge in overall consumption.

With investment of $285m, it is capable of handling 12m tons of cargo per annum

Dispatches reach record high of near 4 million tons in March

Fall in consumption comes following 46% slump in exports

fter the acquisition, total capacity of Bestway Cement rose to more than 8 million tons per annum

Company records Rs132m profit in Oct-Dec quarter

The company’s price closed at Rs128.59, down 0.25% from its last day’s closing price

Exports, however, drop by 1.96% in the month

Indicating robust growth in construction activities in Karachi

Domestic dispatches remain high, turnaround in exports witnessed.

In the southern region, mills experienced even more growth in domestic markets

Beats market consensus, earnings for FY15 higher by 22%.

Profit goes up on the back of 4% dispatch growth, expansion in margins.

Exports fall 31% due to arrival of Iranian cement in Afghanistan.

Revenues amounted to Rs18.6b, up 6.3%.

Exports in July totaled 465,000 tons against 503,000 tons in the same time last year, showing reduction of 7.45%

Anti-dumping duty slapped by S Africa also a factor.