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Summary Cement producers profit surges in 1st half of current fiscal year despite increase in coal prices.
Accord to Top Line research report, with most of the cement manufacturers posting robust earnings during first half of FY 2012, cement sector is back in limelight at local bourses. The sector has rallied by 25 percent.Compiling the first half results of 6 companies which have announced their results, overall profitability of the sector grew. These 6 companies contribute 68 percent of the listed cement sector. Where overall net sales of the sector grew by 32 percent to Rs38billion, manufacturing cost grew by 22 percent.On the other hand, coal, which is the major cost component in manufacturing cement, its prices grew by an average 17 percent.
