Cement: Strong margins growth support cement Industry’s profit – By Spectrum Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The cement sector demonstrated a robust performance, with profits increased by 8%YoY, reaching around PKR21.9bn in 2QFY24 compared to PKR20.2bn SPLY.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The increased in profitability is mainly attributed to higher gross margins, owing to hovered cement&rsquo;s retention price along with reduction in coal prices, plummeting by 49%YoY during 2QFY24, with key factor being all-time high in 2QFY23 due to Russia-Ukraine conflict. The cement companies increased the cement prices on account of axle load implementation.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Other income improved by 124%YoY stood around P...