Thatta Cement reports 1H15 results
Published by Katherine Guenioui,
Editor
World Cement,
Thatta Cement Company, Pakistan, has informed Karachi Stock Exchange of its results for the first half of this fiscal (1H15). The company achieved a net profit of Rs.134 million, up 51% y/y. Net sales were down y/y at Rs.104 billion, though the cost of sales also declined.
Pakistan’s cement sales increased by more than 6% in 1H15, as domestic cement consumption increased. Thatta Cement has a plant in the south of the country, where cement sales reached 2.1 million t in 1H15, an increase of 2.39%.
Exports from Pakistan also increased in the July – November period, as reported last month. In November alone, cement exports were up 28.06% y/y and 25.7% m/m.
Edited from various sources by Katherine Guenioui
Sources:
Read the article online at: https://www.worldcement.com/asia-pacific-rim/17022015/thatta-cement-reports-1h15-results-351/
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