Pakistan: Lucky Cement has reported a 11.7% year-on-year rise in its net profit to US$60m in the half-year that finished on 31 December 2015. Its net sales revenue rose by 2% year-on-year to US$209m from US$204m. It attributed the rise to an increase in sales volumes.
Local sales volumes for the company for the period increased by 19.7% to 2.42Mt from 2.02Mt. However, export sales volumes fell by 27% to 0.9Mt from 1.23Mt.
Lucky Cement has also decided to set up another 10MW waste heat recovery (WHR) plant at its Pezu Plant, which is expected to be completed by December 2016. The company additionally reported on progress at other projects, including an integrated cement plant in the Democratic Republic of Congo, a 660MW coal-based power project, a 50MW wind farm and an electricity supply to Pesco and a WHR unit at the Pezu power plant.