Vicem, Vietnam, posts VND 1.34tn in pre-tax profits for H1, 2015

The pre-tax profit of Vietnam Cement Industry (Vicem) increased year-on-year from VND 1 trillion (€39.24 million/US$44.02 million) to VND 1.34 trillion in January-June 2015. Member unit Vicem Hoang Mai reported post-tax profits of VND 30 billion, higher than VND 24.7 billion booked in January-June 2014, while net revenue from sales and service supply amounted to VND 499 billion in April-June 2015. Meanwhile, the post-tax profit of Vicem Ha Tien 1 increased from VND 13 billion to VND 397 billion during
September 2, 2015 Read time: 1 min

The pre-tax profit of Vietnam Cement Industry (Vicem) increased year-on-year from VND 1 trillion (€39.24 million/US$44.02 million) to VND 1.34 trillion in January-June 2015.

Member unit Vicem Hoang Mai reported post-tax profits of VND 30 billion, higher than VND 24.7 billion booked in January-June 2014, while net revenue from sales and service supply amounted to VND 499 billion in April-June 2015.

Meanwhile, the post-tax profit of Vicem Ha Tien 1 increased from VND 13 billion to VND 397 billion during January-June 2015.

The member company sold approximately 1.6 million tonnes of cement in April-June 2015, up over 20% year-on-year.

Overall, Vicem is projecting fiscal 2015 profits to exceed VND 2 trillion.

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September 9, 2015

Pakistan’s Lucky Cement posts 9.6% rise in annual net profit

Pakistan-based company Lucky Cement recorded an annual 3.9% increase in net sales from PKR 43.08 billion (€370.78 million/US$413.42 million) to PKR 44.76 billion in the year ended 30 June, 2015.

This was followed by 7% in local sales from 4.13 million tonnes to 4.42 million tonnes on a year-on-year basis.

In the year under review, Lucky Cement registered a 9.6% rise in net profit from PKR 11.34 billion to PKR 12.43 billion, followed by 15.68% in consolidated net profit to PKR 13.76 billion.

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