Magazine article Economic Review

Cement Companies on KSE - 1994

Magazine article Economic Review

Cement Companies on KSE - 1994

Article excerpt

There are 17 companies on the list of KSE in the Cement sector. It will be seen that almost all the companies showed an increase in their Break-up Values as compared to previous year, except Cherat Cement. The Break-up Value of Cherat Cement decreased from Rs. 24.19 to 21.94 in 1994 due to increase in its Paid-up capital from Rs. 256.71 million to Rs. 320.88 million during the year under review. Zealpak Cement showed an increase on its Break-up Value from Rs. 59.44 to Rs. 67.39 in 1994, due to increase in its reserves from Rs. 215.36 million to Rs. 249.99 million

The sales of almost all the companies increased except Cherat, Dadex Eternit and Punjab Building over the previous year. In case of Cherat Cement the sales decreased from Rs. 762.85 million to Rs. 529.72 million in 1994. The sales of Dadex Eternit decreased from Rs. 506.20 million to Rs. 431.79 million due to decline in production. Similarly, the Pretax Profit of almost all the companies showed an upward trend except Cherat, Dadex and Punjab Building. Punjab Building showed an [TABULAR DATA FOR TABLE OMITTED] adverse balance of Rs. 7.78 million in 1994 as compared to a profit of Rs. 2.68 million in the preceding year.

Earning Per Share: The highest earning per share was at Rs. 17.23 of Gharibwal Cement, followed by Maple Leaf at Rs. 15.48, Zealpak at Rs. 13.95, Mustehkam at Rs. 12.59 and Essa Cement at Rs. 10.10.

Dividend: Out of 17 companies, 10 companies have paid dividend and bonus during the year under review, while 2 companies namely Pioneer and Punjab Building have not paid any dividend nor any bonus. …

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