Pioneer Cement’s sales fall by 4% to US$62m

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Pakistan: Pioneer Cement’s sales fell by 4% year-on-year to US$62m in the year to 30 June 2019 from US$64.5m in the same period in 2018. Its costs and expenses grew by 7% to US$3.4m from US$3.2m. Its profit after taxation halved to US$5m from US$10.5m. The cement producer operates a 2Mt/yr integrated plant at Chenki in Punjab Province.


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