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News DG Khan Cement profit rises by 35% to US$52.5m

DG Khan Cement profit rises by 35% to US$52.5m

Written by Global Cement staff 11 September 2013
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Pakistan: DG Khan Cement has reported that its profit after taxation rose by 35% year-in-year to US$52.5m for the 2012 – 2013 financial year that ended on 30 June 2013. In the same period in the 2011 – 2012 year it reported a profit of US$39.2m. No reason for the increase in profit was given in the notice sent to the Karachi Stock Exchange. The cement producer also saw its sales rise by 9% to US$238m from US$219m.

In its release DG Khan revealed that its board has approved plans to build a green-field 2.6Mt/yr cement plant on land the company owns at Hub, Lasbela District. Meanwhile, plans to build a cement plant in Mozambique have been dropped due to a lack of supporting infrastructure.

 
Published in Global Cement News
Tagged under
  • Pakistan
  • DG Khan
  • Results
  • GCW117
  • Mozambique
  • Plant

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