Pakistan: The cement sector experienced a ‘substantial’ increase in earnings during the third quarter of fiscal year 2025 (from 1 January 2025 to 30 April 2025), according to a recent analysis of eight key producers. Collective earnings grew by a factor of 2.3 compared to the same period of the 2024 fiscal year (FY2024), primarily driven by an expansion in profit margins and dividend income from subsidiaries.
This came despite a comparatively modest 2% year-on-year increase in local cement dispatches, with the increased margin largely attributed to lower coal prices, alongside enhanced cost efficiencies and higher prices.
Looking forward, expectations are high for further margin gain. Rising cement prices, particularly in the north, are anticipated to support this trend. Additionally, continued low international coal prices are likely to benefit companies operating in the south.
