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PTA gives Kia-Lucky license to manufacture Samsung smartphones

Cement sector posts profit of Rs12.5 billion in 3QFY21


Daily Times
 
The country’s cement sector posted a stellar increase in profits of 100pc QoQ as profit after tax stood at Rs12.5bn for 3QFY21 against Loss after tax (LAT) of Rs1.8bn for 3QFY20 while gross margins stood at 30pc against 4pc and 25pc for 3QFY20 and 2QFY21 respectively.
The increase in profitability was supported by an exuberant increase of 23pcYoY in dispatches as the government has provided various incentives to the construction sector in order to kick start economic growth post-COVID-19 related disruptions.
Shahrukh Saleem, a senior investment analyst at AKD Securities Limited said that additional impetus was provided by 18pcYoY increase in retail price in North as post conclusion of the expansion cycle, price competition among local manufacturer came to an end. “Resultantly, gross margins of our universe stood at 30% for 3QFY21 against 4/25% for 3QFY20/2QFY21. An implication of increased capacities and dispatches is an increase in below the lin ....

Shahrukh Saleem , Lucky Cement Limited , ஷாருக் சலீம் , அதிர்ஷ்டசாலி சிமென்ட் வரையறுக்கப்பட்டவை ,