Pakistan’s DG Khan Cement has reportedly made gains of 28% in net earnings for the year ending 30 June, at Rs.7.63 billion. Profit in the final quarter grew 11% y/y to Rs.2.02 billion, according to a report from The Express Tribune. The improved performance is attributed to falling coal prices, lower interest rates and reduced administration and selling expenses. Gross margins finished at 42.4%, an improvement of 80 basis points in the final quarter compared to the same period last year.
DG Khan Cement is one of Pakistan’s biggest cement producers, with a capacity of 14 000 tpd. It has announced plans to expand capacity to capitalise on the country’s booming domestic demand.
Pakistan’s Attock Cement reported a 9.5% rise in PAT in FY15 and has announced plans to expand production capacity with the construction of a new line.
FLSmidth and D.G. Khan Cement Company Ltd have signed a contract worth €57 million for FLSmidth to supply engineering and equipment to a cement plant in Pakistan.