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.
