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News Pioneer Cement increases sales and profit in first half of 2023 financial year

Pioneer Cement increases sales and profit in first half of 2023 financial year

Written by Global Cement staff 23 February 2023
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Pakistan: Pioneer Cement's sales were US$95.7m in the first half of its 2023 financial year. This corresponds to a 19% year-on-year rise from US$80.2m in the first half of the 2022 financial year. The producer overcame 20% growth in its cost of sales to US$53.2m from US$44.2m, to record a profit after tax of US$6.72m, up by 54% from US$4.36m.

Last modified on 01 March 2023
Published in Global Cement News
Tagged under
  • Pakistan
  • Pioneer Cement
  • Results
  • growth
  • GCW597

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