AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: Cherat Cement Company Ltd. (CHCC) announced record annual earnings for fiscal year 2025, reaching PkR8.7 billion, marking a 58% increase from the previous year’s PkR5.5 billion, according to an analyst briefing by AKD Securities Limited. This significant earnings growth was primarily fueled by higher retention prices and a tax reversal of PkR721 million associated with the Section 65B case.
Despite the impressive earnings, the company faced a 9% year-over-year decline in total offtake, totaling 2.4 million tons. This drop was attributed to a 10% decrease in domestic sales and a 3% reduction in exports.
In the first quarter of fiscal year 2026, Cherat Cement reported earnings of PkR2.1 billion, a 27% decline from the PkR2.9 billion recorded during the same period last year. The decrease was primarily due to a one-off tax reversal in the previous year.
Cherat Cement’s financial performance reflects a complex interplay of market conditions and strategic financial management, underscoring the challenges and opportunities in the cement industry.