Pakistan Cement: Dispatches post double-digit growth for second consecutive month - By AKD Research
<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Cement dispatches for Feb’25 clocked in at 3.6mn tons, an increase of 10%YoY, driven by 7%/34%YoY growth in local and export offtakes, respectively.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Profitability of AKD cement universe posted an increase of 29%YoY in 1HFY25, due
to ease in coal prices and declining finance cost.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">We expect FY25E cement offtakes to decline by 2%YoY, driven by a 6%YoY contraction in local dispatches, while exports are expected to rise.</span> </li></ul>
