Updated on
Summary
At least 14 percent profit was recorded in the cement sector in the first quarter of current fiscal year while exports decreased by 23 percent. According to Invest Cap Research report, six percent decrease was registered in revenue of the sector due to cut in average demand. Exports were decreased 23 percent as compared to same period of last fiscal year; however, its affect remained lower due to 12 percent decrease in rupee value. Four basis points downfall recorded in the margin of cement sector while 13 percent decrease in prices was recorded locally. However, overall revenue remained positive due to decrease in financial charges and tax reversal.
