115 Percent Decrease In Cement Sector Profit

During the first six months of the current fiscal year, decrease in cement prices accounted for the decrease of profitability in the sector.
According to a report by Invest Cap Securities, cement worth Rs 12.1 billion was sold during the first six months of fiscal year 2009, however cement worth Rs 58.3 billion during the same period last year consequently significant drop of 115 percent 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 prices increased by Rs 16 due to increase in demand.