| Islamabad: Pakistan’s cement sector has recently observed a notable profit increase of 8% reaching PKR 22.4 billion, according to a news source on March 6.
Read: Pak to get USD 2 bn loan from China
Under the details, this rise was driven by higher gross margins and increased other income. Despite a slight decline in cement dispatches, sales rose by 9% due to a 16% increase in average cement prices. Gross margins expanded to 27.5% due to lower coal prices, but there was a slight dip quarter-on-quarter. The sector’s EBITDA reached a record high of PKR 47.5 billion. |
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