Cement: Pakistan Cement Sector - in pictures - By JS Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">We review 2QFY25 performance of the Cement sector with our sample size of 8 companies to dissect key differentiating factors and their respective impacts on relevant ratios.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The sector performed exceptionally during the quarter with companies recording a 5ppt YoY increase in gross margins to 34%, driven by high retention prices, declining coal costs and an optimized fuel &amp; power mix.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Additionally, improved treasury management resulted in higher-than-expected other income, increasing 2x YoY (excluding dividends from subsidiary companies), further streng...