Updated on
Summary
During the first six months of the fiscal year, decrease in cement prices accounted for the decrease of profitability in the sector.According to a report by JS Research, cement sale figures rose by 13 percent, however cement prices reduced by 20 percent during this period consequently significant drop of profitability was recorded.The recent reductions in coal prices have reduced the overall cement sector spending. The sector margin stands at 23 percent after decrease of eight percent. The profitability is expected to pick up in near future due to increase in demand.
