Thatta Cement reports 1H15 results

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:

• 4-Traders
• KSE
• The Express Tribune 

Read the article online at: https://www.worldcement.com/asia-pacific-rim/17022015/thatta-cement-reports-1h15-results-351/