Pakistan: Bestway Cement has published its first-half results for the 2023 Pakistan financial year, showing a 20% year-on-year rise in its gross turnover to US$222m from US$185m. Its cost of sales rose by 25% to US$110m, but failed to offset sales growth, resulting in 23% profit growth to US$44.5m from US$35.3m.

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.

Pakistan: DG Khan Cement recorded sales of US$114m during the first half of the 2023 Pakistani financial year. The figure corresponds to growth of 8.5% year-on-year from US$105m in the first half of the 2022 financial year. Its cost of sales was US$97.4m, up by 82% from US$53.4m. Its profit was US$3.56m, up by 72% from US$2.07m.

Sri Lanka: Bogala Graphite has launched its new cement-strengthening graphene oxide additive. Daily FT News has reported that potential investors will be able to discuss the new technology with Bogala Graphite at the forthcoming Industry 4.0 and Industry 5.0 exhibition later in February 2023.