Decrease in cement sector Profitability
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.
Decrease in cement sector Profitability was first posted on March 2, 2010 at 1:34 pm.
Oil Dips Below $78 In International Market
Oil dips below $78 as the US oil reserves go up in the international markets.
US crude for April delivery rose 11 cents to $78.81 a barrel, while London ICE Brent climbed 13 cents to $77.02.
A 5 percent rise in US oil reserves caused decline in oil prices in the international markets.
Oil Dips Below $78 In International Market was first posted on March 2, 2010 at 2:15 pm.
Oil Products Up by 15% in First Half of Fiscal Year
Oil Products Up by 15% in First Half of Fiscal Year, A 15 percent rise in oil products has been recorded in the first half of the current fiscal year.
According to OCAC, around 1.17million tons petroleum products have been used from January 2009 to January 2010. Loadshedding has shot the oil purchase as 5.3million tons furnace oil, 1.1million tons petrol, 4.4 tons high speed diesel had been sold out. Meanwhile, a rise of 43 percent in the jet fuel, while raw oil and light diesel oil fell by 13 and 11 percent respectively.
Oil Products Up by 15% in First Half of Fiscal Year was first posted on February 9, 2010 at 5:49 pm.
