Pakistan`s Cement Industry Records 8% Profit Spike

Pakistan`s Cement Industry Records 8% Profit Spike

Islamabad: The cement sector of Pakistan has recently observed a profit increase of 8%. This increase in profit is recorded at a whopping Rs. 22.4 Billion. This trend of increased sales also represents the implementation of the policies in the right direction. This is also a signal of enhanced construction in the country causing the increase in demand and profits.
Read more: : FBR Finalize Deadline for Cement Track & Trace Integration

According to the sources, the increased profits were driven by the gross margins and income. Although, a little fewer sales were also observed a 9% increase was recorded due to a 16% increase in average cement prices. Total margins also rose to almost 27% due to lower local prices.

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